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

Source: AirROI

Last updated: 2025-12-01

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:698Monthly Revenue:$1331.12Daily Rate (ADR):$101.26Occupancy:49.56%Regulation:Low
Rank:#2Market:Bocas del ToroCountry:PanamaProperties:489Monthly Revenue:$1308.93Daily Rate (ADR):$157.61Occupancy:35.49%Regulation:Low
Rank:#3Market:PanamáCountry:PanamaProperties:418Monthly Revenue:$1524.92Daily Rate (ADR):$125.84Occupancy:48.32%Regulation:Low
Rank:#4Market:San FranciscoCountry:PanamaProperties:367Monthly Revenue:$1552.66Daily Rate (ADR):$113.04Occupancy:52.37%Regulation:Low
Rank:#5Market:Distrito San CarlosCountry:PanamaProperties:309Monthly Revenue:$1261.70Daily Rate (ADR):$199.04Occupancy:28.00%Regulation:Low
Rank:#6Market:CoronadoCountry:PanamaProperties:219Monthly Revenue:$1104.59Daily Rate (ADR):$180.81Occupancy:29.68%Regulation:Low
Rank:#7Market:CalidoniaCountry:PanamaProperties:214Monthly Revenue:$884.30Daily Rate (ADR):$80.90Occupancy:47.30%Regulation:Low
Rank:#8Market:FarallonCountry:PanamaProperties:201Monthly Revenue:$972.53Daily Rate (ADR):$195.81Occupancy:23.96%Regulation:Low
Rank:#9Market:Bajo BoqueteCountry:PanamaProperties:185Monthly Revenue:$1105.09Daily Rate (ADR):$121.02Occupancy:38.60%Regulation:Low
Rank:#10Market:Alto BoqueteCountry:PanamaProperties:174Monthly Revenue:$615.90Daily Rate (ADR):$93.77Occupancy:31.64%Regulation:Low
Rank:#11Market:Nueva GorgonaCountry:PanamaProperties:161Monthly Revenue:$984.55Daily Rate (ADR):$134.81Occupancy:35.96%Regulation:Low
Rank:#12Market:Punta ChameCountry:PanamaProperties:139Monthly Revenue:$910.96Daily Rate (ADR):$161.76Occupancy:23.30%Regulation:Low
Rank:#13Market:El ValleCountry:PanamaProperties:131Monthly Revenue:$1158.94Daily Rate (ADR):$170.31Occupancy:33.45%Regulation:Low
Rank:#14Market:Santa AnaCountry:PanamaProperties:128Monthly Revenue:$1119.30Daily Rate (ADR):$79.29Occupancy:55.27%Regulation:Low
Rank:#15Market:AncónCountry:PanamaProperties:123Monthly Revenue:$959.09Daily Rate (ADR):$92.36Occupancy:42.45%Regulation:Low
Rank:#16Market:BastimentosCountry:PanamaProperties:104Monthly Revenue:$1175.81Daily Rate (ADR):$194.43Occupancy:29.66%Regulation:Low
Rank:#17Market:Rio HatoCountry:PanamaProperties:98Monthly Revenue:$1178.05Daily Rate (ADR):$228.27Occupancy:25.82%Regulation:Low
Rank:#18Market:VeracruzCountry:PanamaProperties:89Monthly Revenue:$1305.74Daily Rate (ADR):$173.91Occupancy:36.19%Regulation:Low
Rank:#19Market:Distrito de San CarlosCountry:PanamaProperties:76Monthly Revenue:$1297.40Daily Rate (ADR):$184.85Occupancy:31.63%Regulation:Low
Rank:#20Market:Río HatoCountry:PanamaProperties:76Monthly Revenue:$1356.49Daily Rate (ADR):$319.70Occupancy:23.20%Regulation:Low
Rank:#21Market:Los NaranjosCountry:PanamaProperties:75Monthly Revenue:$793.59Daily Rate (ADR):$106.15Occupancy:31.34%Regulation:Low
Rank:#22Market:Panama CityCountry:PanamaProperties:75Monthly Revenue:$1804.58Daily Rate (ADR):$136.35Occupancy:46.63%Regulation:Low
Rank:#23Market:Chame DistrictCountry:PanamaProperties:74Monthly Revenue:$985.88Daily Rate (ADR):$156.30Occupancy:25.97%Regulation:Low
Rank:#24Market:Las Escobas del VenadoCountry:PanamaProperties:69Monthly Revenue:$2594.75Daily Rate (ADR):$290.02Occupancy:39.39%Regulation:Low
Rank:#25Market:Playa VenaoCountry:PanamaProperties:68Monthly Revenue:$2452.83Daily Rate (ADR):$281.83Occupancy:34.62%Regulation:Low
Rank:#26Market:HicacoCountry:PanamaProperties:68Monthly Revenue:$1050.44Daily Rate (ADR):$114.87Occupancy:35.01%Regulation:Low
Rank:#27Market:El ChirúCountry:PanamaProperties:66Monthly Revenue:$2122.26Daily Rate (ADR):$358.10Occupancy:29.27%Regulation:Low
Rank:#28Market:Maria ChiquitaCountry:PanamaProperties:65Monthly Revenue:$4533.16Daily Rate (ADR):$417.86Occupancy:38.29%Regulation:Low
Rank:#29Market:PedasíCountry:PanamaProperties:64Monthly Revenue:$1087.10Daily Rate (ADR):$155.65Occupancy:32.27%Regulation:Low
Rank:#30Market:SabogaCountry:PanamaProperties:64Monthly Revenue:$1906.07Daily Rate (ADR):$348.96Occupancy:26.69%Regulation:Low
Rank:#31Market:BethaniaCountry:PanamaProperties:59Monthly Revenue:$953.45Daily Rate (ADR):$84.00Occupancy:44.49%Regulation:Low
Rank:#32Market:María ChiquitaCountry:PanamaProperties:58Monthly Revenue:$1770.71Daily Rate (ADR):$247.43Occupancy:26.08%Regulation:Low
Rank:#33Market:El ChorrilloCountry:PanamaProperties:58Monthly Revenue:$1813.43Daily Rate (ADR):$112.02Occupancy:54.35%Regulation:Low
Rank:#34Market:CaimitilloCountry:PanamaProperties:56Monthly Revenue:$1095.49Daily Rate (ADR):$185.37Occupancy:26.76%Regulation:Low
Rank:#35Market:ChameCountry:PanamaProperties:55Monthly Revenue:$1148.61Daily Rate (ADR):$165.99Occupancy:30.64%Regulation:Low
Rank:#36Market:Parque LefevreCountry:PanamaProperties:55Monthly Revenue:$573.21Daily Rate (ADR):$74.32Occupancy:38.66%Regulation:Low
Rank:#37Market:DavidCountry:PanamaProperties:53Monthly Revenue:$268.01Daily Rate (ADR):$47.14Occupancy:28.69%Regulation:Low
Rank:#38Market:TorioCountry:PanamaProperties:46Monthly Revenue:$706.66Daily Rate (ADR):$98.77Occupancy:31.95%Regulation:Low
Rank:#39Market:JaramilloCountry:PanamaProperties:44Monthly Revenue:$1148.35Daily Rate (ADR):$159.56Occupancy:38.53%Regulation:Low
Rank:#40Market:Las LajasCountry:PanamaProperties:42Monthly Revenue:$1066.26Daily Rate (ADR):$143.93Occupancy:27.04%Regulation:Low
Rank:#41Market:CambutalCountry:PanamaProperties:42Monthly Revenue:$836.81Daily Rate (ADR):$147.87Occupancy:31.15%Regulation:Low
Rank:#42Market:David SurCountry:PanamaProperties:39Monthly Revenue:$262.67Daily Rate (ADR):$40.62Occupancy:29.91%Regulation:Low
Rank:#43Market:Las TablasCountry:PanamaProperties:38Monthly Revenue:$241.43Daily Rate (ADR):$101.65Occupancy:16.11%Regulation:Low
Rank:#44Market:24 de DiciembreCountry:PanamaProperties:36Monthly Revenue:$1165.17Daily Rate (ADR):$190.79Occupancy:24.35%Regulation:Low
Rank:#45Market:Pueblo NuevoCountry:PanamaProperties:36Monthly Revenue:$613.06Daily Rate (ADR):$68.23Occupancy:38.58%Regulation:Low
Rank:#46Market:BijaoCountry:PanamaProperties:33Monthly Revenue:$903.30Daily Rate (ADR):$193.92Occupancy:20.17%Regulation:Low
Rank:#47Market:Boca ChicaCountry:PanamaProperties:31Monthly Revenue:$1132.16Daily Rate (ADR):$210.55Occupancy:29.03%Regulation:Low
Rank:#48Market:San Blas IslandsCountry:PanamaProperties:31Monthly Revenue:$2174.29Daily Rate (ADR):$419.28Occupancy:27.56%Regulation:Low
Rank:#49Market:Bocas del ToroCountry:PanamaProperties:30Monthly Revenue:$583.09Daily Rate (ADR):$123.74Occupancy:24.99%Regulation:Low
Rank:#50Market:CristóbalCountry:PanamaProperties:28Monthly Revenue:$855.06Daily Rate (ADR):$98.53Occupancy:37.78%Regulation:Low
Rank:#51Market:PortobeloCountry:PanamaProperties:27Monthly Revenue:$872.98Daily Rate (ADR):$173.87Occupancy:20.91%Regulation:Low
Rank:#52Market:Puerto LindoCountry:PanamaProperties:27Monthly Revenue:$1620.23Daily Rate (ADR):$205.65Occupancy:24.88%Regulation:Low
Rank:#53Market:TabogaCountry:PanamaProperties:27Monthly Revenue:$1343.32Daily Rate (ADR):$168.55Occupancy:28.61%Regulation:Low
Rank:#54Market:Nueva CaliforniaCountry:PanamaProperties:24Monthly Revenue:$692.68Daily Rate (ADR):$100.44Occupancy:33.08%Regulation:Low
Rank:#55Market:VolcánCountry:PanamaProperties:24Monthly Revenue:$498.97Daily Rate (ADR):$104.64Occupancy:25.55%Regulation:Low
Rank:#56Market:Tierra OscuraCountry:PanamaProperties:23Monthly Revenue:$654.38Daily Rate (ADR):$122.12Occupancy:28.65%Regulation:Low
Rank:#57Market:ColoncitoCountry:PanamaProperties:23Monthly Revenue:$1335.88Daily Rate (ADR):$209.01Occupancy:28.69%Regulation:Low
Rank:#58Market:Don BoscoCountry:PanamaProperties:22Monthly Revenue:$620.73Daily Rate (ADR):$49.83Occupancy:48.76%Regulation:Low
Rank:#59Market:BuenaventuraCountry:PanamaProperties:21Monthly Revenue:$5173.06Daily Rate (ADR):$517.00Occupancy:33.14%Regulation:Low
Rank:#60Market:ChitréCountry:PanamaProperties:21Monthly Revenue:$254.19Daily Rate (ADR):$79.49Occupancy:18.44%Regulation:Low
Rank:#61Market:Juan DíazCountry:PanamaProperties:20Monthly Revenue:$630.34Daily Rate (ADR):$73.66Occupancy:35.59%Regulation:Low
Rank:#62Market:Santa ClaraCountry:PanamaProperties:19Monthly Revenue:$938.96Daily Rate (ADR):$180.47Occupancy:28.67%Regulation:Low
Rank:#63Market:Altos del MariaCountry:PanamaProperties:19Monthly Revenue:$1847.75Daily Rate (ADR):$168.76Occupancy:39.33%Regulation:Low
Rank:#64Market:NarganáCountry:PanamaProperties:18Monthly Revenue:$2100.54Daily Rate (ADR):$457.91Occupancy:22.55%Regulation:Low
Rank:#65Market:SantiagoCountry:PanamaProperties:18Monthly Revenue:$334.10Daily Rate (ADR):$60.85Occupancy:25.51%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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