Top 66 Best Places in Panama to Invest in Airbnb & Short-Term Rentals (2025)

Source: AirROI

Last updated: 2025-07-01

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:713Monthly Revenue:$1164.37Daily Rate (ADR):$95.83Occupancy:48.93%Regulation:Low
Rank:#2Market:Bocas del ToroCountry:PanamaProperties:481Monthly Revenue:$1301.68Daily Rate (ADR):$160.93Occupancy:35.46%Regulation:Low
Rank:#3Market:San FranciscoCountry:PanamaProperties:412Monthly Revenue:$1259.39Daily Rate (ADR):$101.65Occupancy:51.16%Regulation:Low
Rank:#4Market:Distrito San CarlosCountry:PanamaProperties:342Monthly Revenue:$1228.47Daily Rate (ADR):$206.51Occupancy:27.81%Regulation:Low
Rank:#5Market:CoronadoCountry:PanamaProperties:237Monthly Revenue:$1045.16Daily Rate (ADR):$177.24Occupancy:30.38%Regulation:Low
Rank:#6Market:PanamáCountry:PanamaProperties:226Monthly Revenue:$2105.78Daily Rate (ADR):$139.52Occupancy:54.28%Regulation:Low
Rank:#7Market:CalidoniaCountry:PanamaProperties:207Monthly Revenue:$856.39Daily Rate (ADR):$74.36Occupancy:49.36%Regulation:Low
Rank:#8Market:FarallonCountry:PanamaProperties:202Monthly Revenue:$970.51Daily Rate (ADR):$193.67Occupancy:24.70%Regulation:Low
Rank:#9Market:Bajo BoqueteCountry:PanamaProperties:176Monthly Revenue:$1013.19Daily Rate (ADR):$116.93Occupancy:37.72%Regulation:Low
Rank:#10Market:Nueva GorgonaCountry:PanamaProperties:167Monthly Revenue:$906.04Daily Rate (ADR):$129.83Occupancy:35.06%Regulation:Low
Rank:#11Market:Alto BoqueteCountry:PanamaProperties:153Monthly Revenue:$626.31Daily Rate (ADR):$96.47Occupancy:33.36%Regulation:Low
Rank:#12Market:Punta ChameCountry:PanamaProperties:129Monthly Revenue:$1107.19Daily Rate (ADR):$177.29Occupancy:26.02%Regulation:Low
Rank:#13Market:AncónCountry:PanamaProperties:129Monthly Revenue:$801.71Daily Rate (ADR):$85.23Occupancy:41.13%Regulation:Low
Rank:#14Market:Santa AnaCountry:PanamaProperties:126Monthly Revenue:$1020.44Daily Rate (ADR):$73.42Occupancy:54.99%Regulation:Low
Rank:#15Market:El ValleCountry:PanamaProperties:123Monthly Revenue:$1119.67Daily Rate (ADR):$164.34Occupancy:32.86%Regulation:Low
Rank:#16Market:BastimentosCountry:PanamaProperties:112Monthly Revenue:$1034.47Daily Rate (ADR):$173.00Occupancy:30.31%Regulation:Low
Rank:#17Market:Rio HatoCountry:PanamaProperties:95Monthly Revenue:$1223.36Daily Rate (ADR):$231.72Occupancy:26.05%Regulation:Low
Rank:#18Market:VeracruzCountry:PanamaProperties:85Monthly Revenue:$1121.62Daily Rate (ADR):$161.65Occupancy:35.42%Regulation:Low
Rank:#19Market:SabogaCountry:PanamaProperties:75Monthly Revenue:$1535.92Daily Rate (ADR):$334.24Occupancy:25.20%Regulation:Low
Rank:#20Market:Los NaranjosCountry:PanamaProperties:73Monthly Revenue:$805.22Daily Rate (ADR):$105.65Occupancy:33.05%Regulation:Low
Rank:#21Market:Playa VenaoCountry:PanamaProperties:72Monthly Revenue:$2516.03Daily Rate (ADR):$291.69Occupancy:34.94%Regulation:Low
Rank:#22Market:BethaniaCountry:PanamaProperties:64Monthly Revenue:$758.61Daily Rate (ADR):$79.87Occupancy:40.41%Regulation:Low
Rank:#23Market:HicacoCountry:PanamaProperties:64Monthly Revenue:$997.44Daily Rate (ADR):$120.27Occupancy:34.75%Regulation:Low
Rank:#24Market:PedasíCountry:PanamaProperties:62Monthly Revenue:$1030.59Daily Rate (ADR):$149.81Occupancy:33.34%Regulation:Low
Rank:#25Market:Parque LefevreCountry:PanamaProperties:62Monthly Revenue:$524.33Daily Rate (ADR):$84.36Occupancy:38.15%Regulation:Low
Rank:#26Market:Río HatoCountry:PanamaProperties:62Monthly Revenue:$1609.57Daily Rate (ADR):$316.24Occupancy:24.92%Regulation:Low
Rank:#27Market:El ChorrilloCountry:PanamaProperties:61Monthly Revenue:$1694.33Daily Rate (ADR):$108.55Occupancy:54.08%Regulation:Low
Rank:#28Market:Las Escobas del VenadoCountry:PanamaProperties:61Monthly Revenue:$2665.99Daily Rate (ADR):$299.71Occupancy:40.27%Regulation:Low
Rank:#29Market:El ChirúCountry:PanamaProperties:59Monthly Revenue:$1957.07Daily Rate (ADR):$346.77Occupancy:27.58%Regulation:Low
Rank:#30Market:María ChiquitaCountry:PanamaProperties:58Monthly Revenue:$1710.32Daily Rate (ADR):$240.34Occupancy:26.13%Regulation:Low
Rank:#31Market:Maria ChiquitaCountry:PanamaProperties:57Monthly Revenue:$4574.33Daily Rate (ADR):$442.55Occupancy:40.08%Regulation:Low
Rank:#32Market:CaimitilloCountry:PanamaProperties:53Monthly Revenue:$1129.94Daily Rate (ADR):$188.06Occupancy:27.51%Regulation:Low
Rank:#33Market:ChameCountry:PanamaProperties:52Monthly Revenue:$1200.47Daily Rate (ADR):$174.06Occupancy:31.88%Regulation:Low
Rank:#34Market:Distrito de San CarlosCountry:PanamaProperties:49Monthly Revenue:$1016.50Daily Rate (ADR):$193.68Occupancy:33.24%Regulation:Low
Rank:#35Market:DavidCountry:PanamaProperties:48Monthly Revenue:$292.50Daily Rate (ADR):$45.12Occupancy:30.29%Regulation:Low
Rank:#36Market:JaramilloCountry:PanamaProperties:48Monthly Revenue:$1111.29Daily Rate (ADR):$122.87Occupancy:39.09%Regulation:Low
Rank:#37Market:Chame DistrictCountry:PanamaProperties:44Monthly Revenue:$1402.76Daily Rate (ADR):$165.38Occupancy:32.11%Regulation:Low
Rank:#38Market:TorioCountry:PanamaProperties:42Monthly Revenue:$778.35Daily Rate (ADR):$97.37Occupancy:34.63%Regulation:Low
Rank:#39Market:David SurCountry:PanamaProperties:41Monthly Revenue:$253.34Daily Rate (ADR):$39.47Occupancy:31.82%Regulation:Low
Rank:#40Market:Las LajasCountry:PanamaProperties:39Monthly Revenue:$1221.50Daily Rate (ADR):$147.51Occupancy:28.56%Regulation:Low
Rank:#41Market:24 de DiciembreCountry:PanamaProperties:39Monthly Revenue:$1103.41Daily Rate (ADR):$188.22Occupancy:25.70%Regulation:Low
Rank:#42Market:Panama CityCountry:PanamaProperties:38Monthly Revenue:$2724.20Daily Rate (ADR):$163.69Occupancy:54.38%Regulation:Low
Rank:#43Market:CambutalCountry:PanamaProperties:37Monthly Revenue:$722.31Daily Rate (ADR):$145.74Occupancy:30.72%Regulation:Low
Rank:#44Market:Pueblo NuevoCountry:PanamaProperties:37Monthly Revenue:$630.07Daily Rate (ADR):$59.56Occupancy:43.51%Regulation:Low
Rank:#45Market:San Blas IslandsCountry:PanamaProperties:29Monthly Revenue:$2179.23Daily Rate (ADR):$393.35Occupancy:27.14%Regulation:Low
Rank:#46Market:BijaoCountry:PanamaProperties:28Monthly Revenue:$873.81Daily Rate (ADR):$187.39Occupancy:20.26%Regulation:Low
Rank:#47Market:CristóbalCountry:PanamaProperties:28Monthly Revenue:$793.25Daily Rate (ADR):$94.60Occupancy:35.25%Regulation:Low
Rank:#48Market:PortobeloCountry:PanamaProperties:28Monthly Revenue:$765.23Daily Rate (ADR):$157.17Occupancy:20.23%Regulation:Low
Rank:#49Market:Puerto LindoCountry:PanamaProperties:28Monthly Revenue:$1302.26Daily Rate (ADR):$193.07Occupancy:24.40%Regulation:Low
Rank:#50Market:Boca ChicaCountry:PanamaProperties:27Monthly Revenue:$1324.29Daily Rate (ADR):$220.44Occupancy:33.68%Regulation:Low
Rank:#51Market:Las TablasCountry:PanamaProperties:26Monthly Revenue:$341.68Daily Rate (ADR):$109.42Occupancy:18.50%Regulation:Low
Rank:#52Market:TabogaCountry:PanamaProperties:25Monthly Revenue:$1413.93Daily Rate (ADR):$174.48Occupancy:29.41%Regulation:Low
Rank:#53Market:Tierra OscuraCountry:PanamaProperties:24Monthly Revenue:$711.75Daily Rate (ADR):$115.74Occupancy:29.24%Regulation:Low
Rank:#54Market:Nueva CaliforniaCountry:PanamaProperties:23Monthly Revenue:$627.35Daily Rate (ADR):$95.04Occupancy:33.01%Regulation:Low
Rank:#55Market:BuenaventuraCountry:PanamaProperties:23Monthly Revenue:$5135.04Daily Rate (ADR):$525.39Occupancy:34.96%Regulation:Low
Rank:#56Market:ColoncitoCountry:PanamaProperties:23Monthly Revenue:$1343.29Daily Rate (ADR):$192.62Occupancy:28.97%Regulation:Low
Rank:#57Market:Don BoscoCountry:PanamaProperties:23Monthly Revenue:$393.42Daily Rate (ADR):$45.11Occupancy:39.85%Regulation:Low
Rank:#58Market:VolcánCountry:PanamaProperties:21Monthly Revenue:$472.43Daily Rate (ADR):$95.66Occupancy:27.72%Regulation:Low
Rank:#59Market:Altos del MariaCountry:PanamaProperties:21Monthly Revenue:$1817.35Daily Rate (ADR):$201.96Occupancy:36.01%Regulation:Low
Rank:#60Market:NarganáCountry:PanamaProperties:20Monthly Revenue:$1726.77Daily Rate (ADR):$407.27Occupancy:23.76%Regulation:Low
Rank:#61Market:ChitréCountry:PanamaProperties:20Monthly Revenue:$340.65Daily Rate (ADR):$73.23Occupancy:22.53%Regulation:Low
Rank:#62Market:ArraijánCountry:PanamaProperties:20Monthly Revenue:$767.00Daily Rate (ADR):$107.44Occupancy:31.96%Regulation:Low
Rank:#63Market:Los AgarrobosCountry:PanamaProperties:19Monthly Revenue:$375.35Daily Rate (ADR):$50.47Occupancy:39.13%Regulation:Low
Rank:#64Market:Santa ClaraCountry:PanamaProperties:19Monthly Revenue:$790.24Daily Rate (ADR):$181.92Occupancy:23.19%Regulation:Low
Rank:#65Market:Juan DíazCountry:PanamaProperties:19Monthly Revenue:$479.43Daily Rate (ADR):$72.54Occupancy:35.13%Regulation:Low
Rank:#66Market:SantiagoCountry:PanamaProperties:19Monthly Revenue:$284.87Daily Rate (ADR):$56.80Occupancy:30.16%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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