Top 65 Best Places in Panama to Invest in Airbnb & Short-Term Rentals (2025)

Source: AirROI

Last updated: 2025-10-01

Unlock high-ROI opportunities in Panama‘s booming short-term rental (STR) market. This 2025 Airbnb investment guide from AirROI leverages cutting-edge Airbnb data analytics to pinpoint the most profitable cities for Airbnb and vacation rental entrepreneurs. Whether you’re scaling your portfolio or making your first STR investment, discover markets with strong rental demand, high revenue potential, and favorable regulations. We are committed to providing trustworthy insights based on comprehensive market analysis, and you can learn more about our rigorous approach to data accuracy.

Our STR market analysis dives deep into key performance indicators like monthly revenue, average daily rates (ADR), occupancy trends, property counts, and regulatory landscapes across Panama. We go beyond simple rankings to provide the context you need for informed investment decisions using reliable Airbnb data.

Explore the data-driven insights below to identify the premier short-term rental investment hotspots and high ROI Airbnb markets in Panama for 2025.

Top Short-Term Rental Markets in Panama

Rank:#1Market:Bella VistaCountry:PanamaProperties:716Monthly Revenue:$1245.52Daily Rate (ADR):$98.17Occupancy:49.28%Regulation:Low
Rank:#2Market:Bocas del ToroCountry:PanamaProperties:494Monthly Revenue:$1242.85Daily Rate (ADR):$157.83Occupancy:35.50%Regulation:Low
Rank:#3Market:San FranciscoCountry:PanamaProperties:384Monthly Revenue:$1410.21Daily Rate (ADR):$107.81Occupancy:52.08%Regulation:Low
Rank:#4Market:Distrito San CarlosCountry:PanamaProperties:317Monthly Revenue:$1246.85Daily Rate (ADR):$202.15Occupancy:27.69%Regulation:Low
Rank:#5Market:CoronadoCountry:PanamaProperties:230Monthly Revenue:$1073.05Daily Rate (ADR):$177.98Occupancy:30.33%Regulation:Low
Rank:#6Market:PanamáCountry:PanamaProperties:228Monthly Revenue:$2144.71Daily Rate (ADR):$139.42Occupancy:54.51%Regulation:Low
Rank:#7Market:CalidoniaCountry:PanamaProperties:216Monthly Revenue:$859.57Daily Rate (ADR):$77.81Occupancy:47.70%Regulation:Low
Rank:#8Market:FarallonCountry:PanamaProperties:203Monthly Revenue:$966.63Daily Rate (ADR):$193.94Occupancy:23.92%Regulation:Low
Rank:#9Market:Bajo BoqueteCountry:PanamaProperties:190Monthly Revenue:$1016.33Daily Rate (ADR):$114.97Occupancy:37.73%Regulation:Low
Rank:#10Market:Nueva GorgonaCountry:PanamaProperties:165Monthly Revenue:$953.83Daily Rate (ADR):$131.33Occupancy:35.38%Regulation:Low
Rank:#11Market:Alto BoqueteCountry:PanamaProperties:162Monthly Revenue:$615.60Daily Rate (ADR):$93.94Occupancy:32.57%Regulation:Low
Rank:#12Market:El ValleCountry:PanamaProperties:132Monthly Revenue:$1115.72Daily Rate (ADR):$165.75Occupancy:33.29%Regulation:Low
Rank:#13Market:Santa AnaCountry:PanamaProperties:132Monthly Revenue:$1037.14Daily Rate (ADR):$75.86Occupancy:54.31%Regulation:Low
Rank:#14Market:Punta ChameCountry:PanamaProperties:129Monthly Revenue:$993.57Daily Rate (ADR):$167.13Occupancy:25.10%Regulation:Low
Rank:#15Market:AncónCountry:PanamaProperties:126Monthly Revenue:$903.02Daily Rate (ADR):$92.48Occupancy:40.95%Regulation:Low
Rank:#16Market:BastimentosCountry:PanamaProperties:103Monthly Revenue:$1173.79Daily Rate (ADR):$191.54Occupancy:30.19%Regulation:Low
Rank:#17Market:Rio HatoCountry:PanamaProperties:98Monthly Revenue:$1182.87Daily Rate (ADR):$232.24Occupancy:26.57%Regulation:Low
Rank:#18Market:VeracruzCountry:PanamaProperties:92Monthly Revenue:$1135.18Daily Rate (ADR):$160.47Occupancy:35.60%Regulation:Low
Rank:#19Market:Distrito de San CarlosCountry:PanamaProperties:75Monthly Revenue:$1140.32Daily Rate (ADR):$181.12Occupancy:32.19%Regulation:Low
Rank:#20Market:Los NaranjosCountry:PanamaProperties:74Monthly Revenue:$786.73Daily Rate (ADR):$104.23Occupancy:31.74%Regulation:Low
Rank:#21Market:Playa VenaoCountry:PanamaProperties:68Monthly Revenue:$2520.08Daily Rate (ADR):$290.73Occupancy:35.31%Regulation:Low
Rank:#22Market:SabogaCountry:PanamaProperties:68Monthly Revenue:$1734.71Daily Rate (ADR):$339.41Occupancy:25.45%Regulation:Low
Rank:#23Market:Río HatoCountry:PanamaProperties:68Monthly Revenue:$1500.60Daily Rate (ADR):$314.18Occupancy:23.82%Regulation:Low
Rank:#24Market:HicacoCountry:PanamaProperties:68Monthly Revenue:$978.14Daily Rate (ADR):$113.17Occupancy:34.47%Regulation:Low
Rank:#25Market:El ChirúCountry:PanamaProperties:65Monthly Revenue:$1985.04Daily Rate (ADR):$339.71Occupancy:29.66%Regulation:Low
Rank:#26Market:PedasíCountry:PanamaProperties:62Monthly Revenue:$1049.12Daily Rate (ADR):$145.29Occupancy:32.97%Regulation:Low
Rank:#27Market:BethaniaCountry:PanamaProperties:61Monthly Revenue:$868.26Daily Rate (ADR):$83.05Occupancy:43.13%Regulation:Low
Rank:#28Market:María ChiquitaCountry:PanamaProperties:60Monthly Revenue:$1731.43Daily Rate (ADR):$242.47Occupancy:25.97%Regulation:Low
Rank:#29Market:Las Escobas del VenadoCountry:PanamaProperties:60Monthly Revenue:$2721.62Daily Rate (ADR):$287.81Occupancy:40.37%Regulation:Low
Rank:#30Market:Maria ChiquitaCountry:PanamaProperties:59Monthly Revenue:$4529.24Daily Rate (ADR):$424.64Occupancy:39.95%Regulation:Low
Rank:#31Market:El ChorrilloCountry:PanamaProperties:58Monthly Revenue:$1743.58Daily Rate (ADR):$106.85Occupancy:54.59%Regulation:Low
Rank:#32Market:CaimitilloCountry:PanamaProperties:57Monthly Revenue:$1055.27Daily Rate (ADR):$180.50Occupancy:26.97%Regulation:Low
Rank:#33Market:Parque LefevreCountry:PanamaProperties:56Monthly Revenue:$538.26Daily Rate (ADR):$73.99Occupancy:38.28%Regulation:Low
Rank:#34Market:ChameCountry:PanamaProperties:54Monthly Revenue:$1158.83Daily Rate (ADR):$162.44Occupancy:31.67%Regulation:Low
Rank:#35Market:Chame DistrictCountry:PanamaProperties:53Monthly Revenue:$1196.32Daily Rate (ADR):$160.97Occupancy:29.55%Regulation:Low
Rank:#36Market:TorioCountry:PanamaProperties:46Monthly Revenue:$705.88Daily Rate (ADR):$95.86Occupancy:32.55%Regulation:Low
Rank:#37Market:DavidCountry:PanamaProperties:45Monthly Revenue:$286.45Daily Rate (ADR):$46.61Occupancy:29.07%Regulation:Low
Rank:#38Market:JaramilloCountry:PanamaProperties:45Monthly Revenue:$1127.97Daily Rate (ADR):$140.61Occupancy:38.75%Regulation:Low
Rank:#39Market:CambutalCountry:PanamaProperties:40Monthly Revenue:$786.50Daily Rate (ADR):$146.49Occupancy:30.87%Regulation:Low
Rank:#40Market:David SurCountry:PanamaProperties:39Monthly Revenue:$272.20Daily Rate (ADR):$39.69Occupancy:31.70%Regulation:Low
Rank:#41Market:Pueblo NuevoCountry:PanamaProperties:39Monthly Revenue:$578.65Daily Rate (ADR):$63.26Occupancy:37.58%Regulation:Low
Rank:#42Market:24 de DiciembreCountry:PanamaProperties:38Monthly Revenue:$1085.62Daily Rate (ADR):$188.91Occupancy:24.78%Regulation:Low
Rank:#43Market:Panama CityCountry:PanamaProperties:38Monthly Revenue:$2806.16Daily Rate (ADR):$165.89Occupancy:53.80%Regulation:Low
Rank:#44Market:Las LajasCountry:PanamaProperties:37Monthly Revenue:$1138.57Daily Rate (ADR):$143.07Occupancy:26.64%Regulation:Low
Rank:#45Market:Las TablasCountry:PanamaProperties:34Monthly Revenue:$255.23Daily Rate (ADR):$97.56Occupancy:16.86%Regulation:Low
Rank:#46Market:BijaoCountry:PanamaProperties:31Monthly Revenue:$865.12Daily Rate (ADR):$189.36Occupancy:20.14%Regulation:Low
Rank:#47Market:CristóbalCountry:PanamaProperties:29Monthly Revenue:$815.55Daily Rate (ADR):$97.48Occupancy:39.00%Regulation:Low
Rank:#48Market:San Blas IslandsCountry:PanamaProperties:29Monthly Revenue:$2182.55Daily Rate (ADR):$391.79Occupancy:28.45%Regulation:Low
Rank:#49Market:Boca ChicaCountry:PanamaProperties:27Monthly Revenue:$1222.69Daily Rate (ADR):$221.80Occupancy:30.10%Regulation:Low
Rank:#50Market:Nueva CaliforniaCountry:PanamaProperties:27Monthly Revenue:$569.27Daily Rate (ADR):$91.24Occupancy:32.34%Regulation:Low
Rank:#51Market:PortobeloCountry:PanamaProperties:27Monthly Revenue:$812.25Daily Rate (ADR):$162.75Occupancy:21.11%Regulation:Low
Rank:#52Market:Puerto LindoCountry:PanamaProperties:27Monthly Revenue:$1466.67Daily Rate (ADR):$200.71Occupancy:24.45%Regulation:Low
Rank:#53Market:TabogaCountry:PanamaProperties:27Monthly Revenue:$1370.88Daily Rate (ADR):$168.48Occupancy:29.24%Regulation:Low
Rank:#54Market:Tierra OscuraCountry:PanamaProperties:24Monthly Revenue:$635.31Daily Rate (ADR):$116.55Occupancy:28.63%Regulation:Low
Rank:#55Market:VolcánCountry:PanamaProperties:24Monthly Revenue:$478.78Daily Rate (ADR):$99.20Occupancy:26.23%Regulation:Low
Rank:#56Market:ColoncitoCountry:PanamaProperties:24Monthly Revenue:$1261.67Daily Rate (ADR):$201.73Occupancy:28.84%Regulation:Low
Rank:#57Market:BuenaventuraCountry:PanamaProperties:22Monthly Revenue:$5196.67Daily Rate (ADR):$525.10Occupancy:34.79%Regulation:Low
Rank:#58Market:Santa ClaraCountry:PanamaProperties:22Monthly Revenue:$782.33Daily Rate (ADR):$182.09Occupancy:26.10%Regulation:Low
Rank:#59Market:ChitréCountry:PanamaProperties:22Monthly Revenue:$245.10Daily Rate (ADR):$73.76Occupancy:19.29%Regulation:Low
Rank:#60Market:Don BoscoCountry:PanamaProperties:22Monthly Revenue:$564.73Daily Rate (ADR):$47.85Occupancy:47.33%Regulation:Low
Rank:#61Market:Juan DíazCountry:PanamaProperties:22Monthly Revenue:$587.09Daily Rate (ADR):$82.35Occupancy:36.43%Regulation:Low
Rank:#62Market:Altos del MariaCountry:PanamaProperties:21Monthly Revenue:$1699.21Daily Rate (ADR):$175.98Occupancy:38.73%Regulation:Low
Rank:#63Market:NarganáCountry:PanamaProperties:20Monthly Revenue:$1911.62Daily Rate (ADR):$442.73Occupancy:21.03%Regulation:Low
Rank:#64Market:Los AgarrobosCountry:PanamaProperties:19Monthly Revenue:$389.04Daily Rate (ADR):$48.93Occupancy:36.88%Regulation:Low
Rank:#65Market:ArraijánCountry:PanamaProperties:19Monthly Revenue:$898.19Daily Rate (ADR):$110.34Occupancy:31.69%Regulation:Low

Our Data-Driven Methodology for STR Market Analysis

At AirROI, our market rankings and insights are powered by a robust methodology combining comprehensive Airbnb data collection with sophisticated STR analytics techniques. We strive to provide the most accurate and actionable intelligence for short-term rental investors.

Data Collection & Scope

  • Global Coverage: We aggregate STR data from tens of millions of active short-term rental listings across platforms like Airbnb and Vrbo worldwide.
  • Real-Time Metrics: Our systems track key performance indicators (KPIs) daily, including booking rates, nightly pricing (ADR), occupancy rates, and revenue.
  • Regulatory Monitoring: We actively monitor and incorporate local short-term rental regulations, licensing requirements, and tax obligations into our market analysis.

Analysis & Ranking

  • Proprietary Algorithms: AI and machine learning models analyze booking patterns, predict seasonal demand shifts, and identify emerging market trends in the STR space.
  • Key Metric Evaluation: We evaluate markets based on a weighted combination of critical investment factors using our extensive Airbnb analytics:
    • Revenue Potential: Average Monthly Revenue and Average Daily Rate (ADR).
    • Market Demand: Occupancy Rate and booking lead times.
    • Investment Scale: Number of active properties and market growth trends.
    • Regulatory Environment: Assessed impact of local STR regulations on operational feasibility and profitability.
  • Benchmarking: Performance is benchmarked against regional and global averages to provide context for vacation rental investment potential.

Key Metrics Explained

  • Properties: The count of active short-term rental listings in the market.
  • Monthly Revenue: Average revenue generated per property per month, a key indicator for Airbnb profitability.
  • Daily Rate (ADR): Average nightly booking price.
  • Occupancy: Percentage of nights booked out of total available nights, crucial for understanding STR demand.
  • Regulation: An indicator of the local regulatory climate impacting Airbnb investment.

This rigorous approach ensures our recommendations are based on real-world performance Airbnb data and forward-looking market analysis, empowering you to invest smarter in the vacation rental market.

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This report is powered by our industry-leading Airbnb Data API, providing direct access to live short-term rental data from global markets like Panama. Use this data to build powerful analytics tools, discover investment opportunities, and inform your vacation rental strategy.

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