New Luxury Villa - Solar powered Entire home · 3 bedrooms Rated 5.00 - Revenue
- $106,621
- Occupancy
- 54.8%
- Daily rate
- $498
Airbnb market data · 202612 months to September 2026
The average Airbnb in Hicaco brought in US$13,699 over the 12 months through September 2026, about 12% more than the Veraguas average of $12,195.
The short answer
Bookings in Hicaco run ahead of the Veraguas average at similar prices. Listings averaged $116 a night and were booked on 37% of available nights, against $115 and 34% for the Veraguas average.
Timing matters: in February, usually the best month, the average listing earns about 2.3 times as much as in October, usually the slowest.
With 62 active listings, Hicaco is the largest of 3 Veraguas markets AirROI tracks. From a year earlier, average revenue rose 5% while the number of active listings grew 22%.
Browse the live Hicaco Airbnb market See Every Hicaco ListingRevenue
Gross bookings per Hicaco listing averaged $13,699 over the 12 months to September 2026 (Veraguas average: $12,195), before cleaning, platform and management costs and taxes.
In a typical year, the average Hicaco listing brings in $1,790 in February, its best month, and $784 in October, its slowest. January runs within 5% of February, so either can come out on top in a given year. The three strongest months bring in 32% of a full year's revenue, where an even calendar would give any three months 25%.
In a typical month, a top-quarter listing earns at least 3.8 times as much as a bottom-quarter one.
These are monthly figures for listings active in each month. The annual average above also counts listings that operated for only part of the year, so it runs below twelve times these figures.
February earns about 2.3 times what October does
Average revenue per active listing, by month, September 2024 to August 2026
Each point is one month as recorded, averaged over the listings active in it. The best and slowest months in the text average each calendar month over the past two years, so they can differ from the highest and lowest points here.
Latest 12 months in the September 2026 data. September's figures are still coming in, so the rows run to August.
March 2026 led on revenue. Nightly rates peaked in August 2026 and bookings in February 2026, so the best-paying month is not always the busiest or the priciest. Across the past two years, February is usually the strongest month.
| Month | Avg. Revenue | Occupancy | Avg. Nightly Rate | RevPAR | Booking Lead Time | Avg. Length of Stay |
|---|---|---|---|---|---|---|
| Sep 2025 | $1,208 | 25.8% | $112 | $40 | 35 days | 4.2 nights |
| Oct 2025 | $855 | 26.2% | $111 | $28 | 35 days | 4.9 nights |
| Nov 2025 | $1,028 | 33.2% | $114 | $34 | 31 days | 4.6 nights |
| Dec 2025 | $1,425 | 40.0% | $121 | $46 | 75 days | 4.7 nights |
| Jan 2026 | $1,657 | 48.8% | $120 | $53 | 58 days | 3.7 nights |
| Feb 2026 | $1,603 | 52.4% | $119 | $57 | 51 days | 3.4 nights |
| Mar 2026 | $1,753 | 47.2% | $122 | $57 | 51 days | 3.1 nights |
| Apr 2026 | $1,656 | 47.4% | $121 | $55 | 53 days | 3.8 nights |
| May 2026 | $1,303 | 35.6% | $125 | $42 | 61 days | 3.7 nights |
| Jun 2026 | $1,440 | 37.3% | $126 | $48 | 39 days | 5.4 nights |
| Jul 2026 | $1,646 | 37.8% | $129 | $53 | 90 days | 3.5 nights |
| Aug 2026 | $1,740 | 41.9% | $129 | $56 | 66 days | 3.2 nights |
Averages per active listing in each month. Highlighted: the highest-revenue month of the 12. RevPAR is the month's revenue spread over its nights, booked or not. Booking lead time is the days between booking and check-in, and length of stay the nights per booking, for stays in that month.
The typical Hicaco listing earns about $911 a month, but one property can land well above or below that. The Airbnb estimator gives a range for a specific address, built from the comparable listings around it.
Profit
Yes, when it's run well. The average Hicaco Airbnb took in $13,699 in the 12 months to September 2026, and run by its owner at everyday costs, about $800 a month of that is left after running costs, so a home that costs less than that to own or rent makes money. A listing in the top quarter leaves about $1,610 a month.
Cleaning it yourself keeps the $530 a year guests pay in cleaning fees, for about $840 a month. Handing the listing to a co-host at about 10% of nightly bookings still leaves about $690 a month.
These amounts come before housing costs. Where the mortgage or rent is less each month, the difference is profit; a home owned outright keeps it all after property tax, home insurance and any building or condo fees.
| Line | Average listing | Top-quarter listing |
|---|---|---|
| Money in | ||
| Nightly bookings | $13,169 | $26,250 |
| Cleaning fees guests pay4% of Hicaco bookings | $530 | $1,060 |
| Gross bookings | $13,699 | $27,310 |
| Running costs | ||
| Airbnb's feeAbout 15%: 15.5% for the 94% of Hicaco listings on Simplified Pricing, 3% for the rest | −$2,010 | −$4,010 |
| Cleaning and laundryPaid for by the cleaning fee; $0 if you clean yourself | −$530 | −$1,060 |
| Utilities and internetAbout 5% of bookings | −$680 | −$1,370 |
| Guest suppliesToiletries, coffee, paper goods: about 2% | −$270 | −$550 |
| Repairs and upkeepIncluding linens and small replacements: about 3% | −$410 | −$820 |
| Short-term rental insuranceOne policy, on top of Airbnb's free AirCover | −$140 | −$140 |
| Permit and registrationWhere one is required | −$70 | −$70 |
| Management$0 when you run it; co-hosts charge from about 10% of nightly bookings | $0 | $0 |
| Pricing and messaging toolsOptional; Airbnb's own tools are free | $0 | $0 |
| Lodging taxesAdded to the guest's bill and passed on | $0 | $0 |
| Total running costsAbout 26% of bookings, plus cleaning paid for by the cleaning fee | −$4,110 | −$8,020 |
| Left for housing costs, then profit | $9,589about $800 a month | $19,290about $1,610 a month |
| Housing costs | ||
| Mortgage or rent, property tax, home insurance, building or condo fees | Depend on the home | |
The estimate starts from Hicaco's average listing, run by its owner. Change how the listing performs, who runs it and who cleans to see what is left for the mortgage or rent.
To work out the profit on one Hicaco home, with its price, its mortgage or rent and your own costs, use the Airbnb profit calculator. It starts from the comparable listings around the address.
What a listing keeps comes down to the figures this page measures: nightly rate, nights booked and the months it's open. A listing at the top-quarter mark takes in about $2,280 a month, against $1,140 for the average one.
Occupancy
Hicaco listings were booked on 37% of the nights they were open over the past year, 3 percentage points above the Veraguas average (34%) and in line with the Panama average. In a typical year, occupancy swings from 23% in October to 53% in February.
The busiest tenth of listings are booked about 3.9 times as often as the bottom quarter.
February is usually the busiest month in Hicaco, October the quietest
Share of open nights booked, by month, September 2024 to August 2026
Nightly rates
The average nightly rate in Hicaco, known as ADR (average daily rate), was $116 over the past year, about the same as the Veraguas average ($115) and about 23% below the Panama average of $150. In a typical year, rates peak in December at about $130 and bottom out in September and October at about $115.
Prices span a wide range: the top 10% charge about 3.8 times the rate of the bottom quarter.
December rates run 13% above October's
Average nightly rate (ADR), by month, September 2024 to August 2026
RevPAR, or revenue per available night, divides a listing's income by every night it was open to book, so it rises with both price and bookings. In Hicaco it averaged $44 over the past year, from about $25 in a typical October to about $64 in a typical February.
Per open night, by tier:
February RevPAR is about 2.5 times October's
Revenue per open night (RevPAR), by month, September 2024 to August 2026
Seasonality
Hicaco has one high season, December through April, which makes it a moderately seasonal market. Business is slowest from September to November and slows again in May and June.
Average revenue by month in Hicaco
Average revenue per active listing, each calendar month averaged over the past two years
| Month | Season | Revenue per listing |
|---|---|---|
| January | High season | $1,710 |
| February | High season | $1,790 |
| March | High season | $1,710 |
| April | High season | $1,570 |
| May | Low season | $1,180 |
| June | Low season | $1,210 |
| July | Shoulder season | $1,440 |
| August | Shoulder season | $1,440 |
| September | Low season | $1,070 |
| October | Low season | $784 |
| November | Low season | $904 |
| December | High season | $1,510 |
| Season | Revenue per month | Occupancy | Nightly rate |
|---|---|---|---|
| High seasonDecember–April | $1,660 | 47% | $123 |
| Shoulder seasonJuly–August | $1,440 | 37% | $123 |
| Low seasonMay–June, September–November | $1,030 | 29% | $119 |
Guests book Hicaco stays 64 days ahead on average (about two months), so guests here plan well ahead. July stays are booked furthest out, about 69 days ahead, and October stays closest to arrival, about 24 days. A typical July booking is made in early May.
July stays are booked furthest ahead
Average days between booking and check-in, by month of stay, September 2024 to August 2026
The 12-month figure of 64 days averages each listing's year as a whole; each month here averages only the listings with stays in it.
Permits
None of the 62 active listings in Hicaco display a registration, permit or license number. That doesn't mean no rules apply: some places don't ask hosts to show a number on the listing, and listing data doesn't capture every scheme.
Registration, permit, zoning and tourist-tax rules vary by address and change often, so confirm them with the local authority before buying or listing in Hicaco.
Neighborhoods
AirROI's area guide picks seven Hicaco neighborhoods that draw short-term rental guests, led by Hicaco Beach, Veraguas province and San Francisco. The picks reflect guest appeal, not earnings data or permit eligibility, so check local permit rules for a specific address before buying.
| Area | Who it suits | Landmarks nearby |
|---|---|---|
| Hicaco Beach | A beautiful and serene beach area known for its stunning sunsets and clear waters. Ideal for travelers seeking relaxation and a beach getaway. | Hicaco Beach, Local seafood restaurants, Water sports activities, Sunset viewing spots, Beachside cafes |
| Veraguas province | A culturally rich area with access to nature and local traditions. Perfect for those looking to explore the Panamanian lifestyle and enjoy outdoor adventures. | La Yeguada Forest Reserve, Local indigenous communities, Hiking trails, Traditional festivals, Nature observation |
| San Francisco | A popular residential area with a good mix of local culture and expat community. Great for longer stays and city exploration. | Local parks, Cafes and eateries, Cultural events, Markets, Art galleries |
| La Trinidad | A quaint town close to nature with opportunities for hiking and eco-tourism. Perfect for travelers looking for an authentic experience away from the bustling city. | Hiking trails, Biosphere reserves, Cultural heritage sites, Local handicrafts, Traditional markets |
| Cerro Punta | Known for its cool climate and lush green landscapes. This area is perfect for travelers interested in agriculture and cooler retreats. | Coffee plantations, Hiking paths, Local farms, Bird watching, Natural parks |
| Las Tablas | Famed for its traditional Carnival celebrations, this town offers a unique cultural experience and attracts tourists looking for local festivities. | Carnival celebrations, Local artisan shops, Traditional Panamanian food, Cultural festivals, Community events |
| Los Santos Province | A region rich in history and natural beauty, ideal for those looking to explore the rural side of Panama and its local traditions. | Historical towns, Nature reserves, Cultural heritage, Festivals, Scenic landscapes |
Area descriptions are AI-assisted from public sources and are not checked against zoning.
Listings
Hicaco is a room-rental market as much as a whole-home one: private rooms account for 45% of listings, against 53% for entire homes. Houses are the most common property type at 35%, ahead of hotels, guesthouses and B&Bs (26%).
Private rooms are a large share of supply
Hicaco Airbnb listings by room type
| Room type | Share of listings | Listings |
|---|---|---|
| Entire home | 53.2% | 33 |
| Private room | 45.2% | 28 |
| Shared room | 1.6% | 1 |
Listings by property type
Hicaco Airbnb listings by property type
| Property type | Share of listings | Listings |
|---|---|---|
| House | 35.5% | 22 |
| Hotel/Boutique | 25.8% | 16 |
| Cabin/Outdoor | 21.0% | 13 |
| Apartment/Condo | 16.1% | 10 |
| Others | 1.6% | 1 |
Hicaco's homes run small: studios and one-bedrooms make up 63% of entire homes, and only 13% of homes have three or more bedrooms. Shares are of the 32 entire homes that give a bedroom count; rented rooms are left out.
Hicaco entire homes by number of bedrooms
Entire homes with each number of bedrooms, of those with a bedroom count on file
| Bedrooms | Share of entire homes with a bedroom count | Entire homes |
|---|---|---|
| Studio | 3.1% | 1 |
| 1 bedroom | 59.4% | 19 |
| 2 bedrooms | 25.0% | 8 |
| 3 bedrooms | 9.4% | 3 |
| 4 bedrooms | 3.1% | 1 |
Most Hicaco listings are sized for couples and small families: 81% sleep four guests or fewer, and just 4% take eight or more. Shares are of the 54 listings with a guest capacity on file (87% of the market).
Hicaco listings by guest capacity
Share of listings by the number of guests they sleep, of those with a capacity on file
| Guest capacity | Share of listings with a capacity on file | Listings |
|---|---|---|
| 2 guests | 29.6% | 16 |
| 3 guests | 14.8% | 8 |
| 4 guests | 37.0% | 20 |
| 5 guests | 3.7% | 2 |
| 6 guests | 9.3% | 5 |
| 7 guests | 1.9% | 1 |
| 8+ guests | 3.7% | 2 |
Hicaco hosts set up an average of 2.6 beds per listing, roughly two for every bedroom. 55% of listings show their exact location on the listing map; the rest show an approximate area.
Beach access is common in Hicaco: 73% of listings offer it, and 97% offer free parking on site. Only 61% of listings offer a kitchen.
Share of Hicaco listings with each common amenity
Guests
Hicaco runs on foreign visitors: 92% of guests who left reviews live outside Panama. Germany leads with 21% of reviewers, ahead of the United States at 16%. Guests speak a mix of languages: English leads at 41%, followed by Spanish and French.
92% of Hicaco guests come from abroad
Where guests who left reviews live
Where Hicaco guests come from: top cities
Share of guests who left reviews
| Origin city | Share of guests |
|---|---|
| Panama City | 5.4% |
| Berlin | 2.8% |
| Hamburg | 1.6% |
| Munich | 1.4% |
| Toronto | 1.4% |
Where Hicaco guests come from: top countries
Share of guests who left reviews
| Origin country | Share of guests |
|---|---|
| Germany | 20.8% |
| United States | 15.6% |
| France | 11.8% |
| Canada | 11.2% |
| Panama | 7.6% |
Languages spoken by Hicaco guests
Share of guests who left reviews
| Language | Share of guests |
|---|---|
| English | 40.7% |
| Spanish | 18.9% |
| French | 14.8% |
| German | 13.5% |
| Dutch | 3.9% |
Hicaco Airbnbs average 4.77 stars, and 45% of listings hold Airbnb's Guest Favorite badge. The category scores are tightly bunched, and cleanliness is the lowest, at 4.74.
Location scores highest in Hicaco; cleanliness is lowest
Average guest rating out of 5 by category; the bars start at 4.0
| Category | Average rating (out of 5) |
|---|---|
| Accuracy | 4.79 |
| Cleanliness | 4.74 |
| Communication | 4.78 |
| Location | 4.82 |
| Check-in | 4.81 |
| Value | 4.75 |
Booking patterns
About three-quarters of Hicaco listings are open to guests more than 180 days a year, but only 27% are booked or blocked that many days. The most common booked-or-blocked total is 31 to 90 days a year, covering 34% of listings; blocked nights include any the host closes off.
Days a year Hicaco listings are open to guests
Share of listings by days a year
| Days a year | Share of listings | Listings |
|---|---|---|
| 271-366 days | 48.4% | 30 |
| 181-270 days | 25.8% | 16 |
| 91-180 days | 24.2% | 15 |
| 31-90 days | 1.6% | 1 |
Days a year Hicaco listings are booked or blocked
Share of listings by days a year
| Days a year | Share of listings | Listings |
|---|---|---|
| 271-366 days | 3.2% | 2 |
| 181-270 days | 24.2% | 15 |
| 91-180 days | 25.8% | 16 |
| 31-90 days | 33.9% | 21 |
| 1-30 days | 12.9% | 8 |
The average Hicaco booking lasts 3.8 nights, longest in June and shortest in August. Listings took about 27 bookings each over the year, some 1,660 in all. About seven in ten listings that give a check-in time set it at 3 p.m., with check-out usually at 11 a.m.
Average length of stay by month in Hicaco
Average nights per booking, by month of stay
Two-year average by calendar month.
Nearly all listings in Hicaco accept stays of one or two nights.
Minimum stay set by Hicaco listings
Share of listings by the shortest stay they accept, from one night to 30 or more
Moderate is the most common cancellation policy in Hicaco, used by 42% of listings; it refunds guests in full if they cancel at least five days before check-in. Hosts here lean flexible: nearly two-thirds of listings offer Flexible or Moderate terms, against 32% on Firm or stricter ones.
Cancellation policies of Hicaco listings, from most to least flexible
Share of listings by the policy they use
Nearly half of Hicaco listings charge a cleaning fee. The typical fee is about $17. Spread over the average stay of 3.8 nights, that adds roughly $4 a night to what guests pay. For listings that charge one, cleaning fees make up about 4% of gross revenue.
Top earners
The top-grossing Airbnb in Hicaco, a three-bedroom home, took in $107,000 over the past year, about 7.8 times the city's average of $13,700. Four of the six listings below have two bedrooms or fewer, so size alone doesn't explain the top of this market.
New Luxury Villa - Solar powered Entire home · 3 bedrooms Rated 5.00
Infinity Pool Boutique Villa on The Point Break Entire home · 4 bedrooms Rated 4.90
Casa Tropical- Private Home in Santa Catalina Entire home · 2 bedrooms Rated 4.98
Open-plan oceanfront apartment, 2 bedrooms Entire home · 2 bedrooms Rated 5.00
Casa Colibrí - modern house in the green Entire home · 2 bedrooms Rated 4.97
Stylish Studio Apartment 4 Private room · 1 bedroom Rated 4.97 Fewer than 1% of Hicaco listings are classed as professionally managed, though 27% of listings have a co-host. Superhosts run 52% of listings. Seven in ten listings accept Instant Book, so most stays are confirmed without the host's approval. Airbnb's Simplified Pricing, where the host pays the whole service fee and guests see one price with no separate Airbnb charge, covers 94% of listings.
Nearby markets
Hicaco earns about as much per listing as Cambutal, the top earner of the three nearby markets in the table, all within 93 km.
| Market | Listings | Avg. annual revenue | Avg. nightly rate | Occupancy |
|---|---|---|---|---|
| Santa Catalina 0 km | 35 | $7,228 | $91 | 35% |
| Torio 36 km | 52 | $7,737 | $95 | 31% |
| Cambutal 93 km | 42 | $13,524 | $157 | 33% |
Markets elsewhere in Panama with a similar nightly rate and occupancy to Hicaco:
FAQ
An active Hicaco Airbnb grossed US$13,699 on average in the 12 months to September 2026, according to AirROI's tracking of 62 active listings. That is before cleaning, management, taxes and financing. Busier, better-run listings do far better: the top quarter took in US$1,820 or more in a typical month.
It depends most on the home's size, location and how it's run. The middle half of Hicaco listings earn between US$469 and US$1,820 in a typical month, and the top tenth US$2,950 or more. For one home, enter its address and bedroom count in the Airbnb income calculator: it compares the home with similar listings nearby.
Listings in Hicaco were booked on 37% of available nights over the past year. That compares with 34% for the Veraguas average. February is usually the busiest month.
The average booked night in Hicaco cost US$116 before fees. Half of listings charge between US$61 and US$145, so bedroom count and location move the price more than the average suggests.
None of the active Hicaco listings display a registration, permit or license number. That doesn't mean no rules apply, so confirm registration, permit and tourist-tax rules with the local authority before buying.
Yes, when it's run well. The average Hicaco Airbnb grossed US$13,699 in the 12 months to September 2026, 12% above the Veraguas average of US$12,195. Run by its owner, with the cleaning fee covering the cleaner and everyday costs for Airbnb's fee, utilities, supplies, upkeep and insurance, US$9,589 a year (about US$800 a month) is left before the mortgage or rent. A home that costs less than that to own or rent makes a profit, and a listing at the top-quarter mark leaves about US$1,610 a month. Check a specific home in the Airbnb calculator.
February usually pays best, averaging US$1,790 per active listing over the past two years, and October usually pays least. The month-by-month table above shows how the latest 12 months played out.
Each night a Hicaco listing was open to book earned US$44 on average over the past year, booked or not. That figure, revenue per available night (RevPAR), folds price and occupancy into one number; the top 10% of listings made US$82 or more.
Hicaco stays were booked 64 days (about two months) before arrival on average over the past year, so a listing that opens its calendar late misses many bookings.
The average Hicaco Airbnb stay lasted 3.8 nights over the past year. A listing took 27 reservations over the year on average.
Guests rate Hicaco Airbnbs 4.77 out of 5 on average. Guests score location highest and cleanliness lowest.
Hicaco Beach, Veraguas province and San Francisco draw the most short-term rental interest in Hicaco. The neighborhood guide explains what brings guests to each.
AirROI counted 62 active Airbnb listings in Hicaco as of September 2026. The closest tracked market is Torio, 36 km away.
In Hicaco, nearly half of listings add a cleaning fee, and the typical fee is about US$17.
Method
Figures on this page cover 62 active Airbnb listings in Hicaco from October 2025 to September 2026 (trailing twelve months). AirROI refreshes them monthly from listing-level booking and calendar data covering 20+ million properties worldwide. Money figures are in U.S. dollars. Annual revenue averages every listing active during the period, including those listed for only part of it; monthly figures average the listings active in each month; the tier lists show the spread. Neighborhood descriptions are AI-assisted. See the methodology for definitions.
Need this programmatically? The same metrics are available through the AirROI Airbnb Data API and bulk downloads in the data portal.