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

Source: AirROI

Last updated: 2025-08-01

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:732Monthly Revenue:$1171.39Daily Rate (ADR):$96.84Occupancy:49.39%Regulation:Low
Rank:#2Market:Bocas del ToroCountry:PanamaProperties:495Monthly Revenue:$1257.68Daily Rate (ADR):$158.33Occupancy:35.82%Regulation:Low
Rank:#3Market:San FranciscoCountry:PanamaProperties:411Monthly Revenue:$1277.50Daily Rate (ADR):$103.34Occupancy:51.49%Regulation:Low
Rank:#4Market:Distrito San CarlosCountry:PanamaProperties:324Monthly Revenue:$1263.08Daily Rate (ADR):$205.05Occupancy:27.95%Regulation:Low
Rank:#5Market:PanamáCountry:PanamaProperties:236Monthly Revenue:$2040.31Daily Rate (ADR):$137.90Occupancy:53.97%Regulation:Low
Rank:#6Market:CoronadoCountry:PanamaProperties:232Monthly Revenue:$1054.38Daily Rate (ADR):$178.81Occupancy:30.85%Regulation:Low
Rank:#7Market:CalidoniaCountry:PanamaProperties:213Monthly Revenue:$856.79Daily Rate (ADR):$74.87Occupancy:49.11%Regulation:Low
Rank:#8Market:FarallonCountry:PanamaProperties:204Monthly Revenue:$953.40Daily Rate (ADR):$192.85Occupancy:24.40%Regulation:Low
Rank:#9Market:Bajo BoqueteCountry:PanamaProperties:189Monthly Revenue:$988.88Daily Rate (ADR):$115.58Occupancy:37.33%Regulation:Low
Rank:#10Market:Nueva GorgonaCountry:PanamaProperties:169Monthly Revenue:$912.11Daily Rate (ADR):$129.11Occupancy:35.44%Regulation:Low
Rank:#11Market:Alto BoqueteCountry:PanamaProperties:168Monthly Revenue:$591.80Daily Rate (ADR):$95.72Occupancy:33.20%Regulation:Low
Rank:#12Market:Santa AnaCountry:PanamaProperties:132Monthly Revenue:$1007.65Daily Rate (ADR):$74.59Occupancy:55.15%Regulation:Low
Rank:#13Market:El ValleCountry:PanamaProperties:131Monthly Revenue:$1098.13Daily Rate (ADR):$165.04Occupancy:33.76%Regulation:Low
Rank:#14Market:Punta ChameCountry:PanamaProperties:131Monthly Revenue:$1041.05Daily Rate (ADR):$170.50Occupancy:25.85%Regulation:Low
Rank:#15Market:AncónCountry:PanamaProperties:128Monthly Revenue:$863.80Daily Rate (ADR):$90.89Occupancy:41.22%Regulation:Low
Rank:#16Market:BastimentosCountry:PanamaProperties:106Monthly Revenue:$1146.63Daily Rate (ADR):$186.18Occupancy:30.33%Regulation:Low
Rank:#17Market:Rio HatoCountry:PanamaProperties:97Monthly Revenue:$1205.43Daily Rate (ADR):$232.43Occupancy:26.03%Regulation:Low
Rank:#18Market:VeracruzCountry:PanamaProperties:92Monthly Revenue:$1118.29Daily Rate (ADR):$159.03Occupancy:35.21%Regulation:Low
Rank:#19Market:Distrito de San CarlosCountry:PanamaProperties:74Monthly Revenue:$926.76Daily Rate (ADR):$176.83Occupancy:32.25%Regulation:Low
Rank:#20Market:Los NaranjosCountry:PanamaProperties:73Monthly Revenue:$777.22Daily Rate (ADR):$103.29Occupancy:32.58%Regulation:Low
Rank:#21Market:Playa VenaoCountry:PanamaProperties:71Monthly Revenue:$2448.89Daily Rate (ADR):$293.71Occupancy:34.25%Regulation:Low
Rank:#22Market:SabogaCountry:PanamaProperties:68Monthly Revenue:$1683.94Daily Rate (ADR):$343.72Occupancy:25.96%Regulation:Low
Rank:#23Market:HicacoCountry:PanamaProperties:68Monthly Revenue:$964.68Daily Rate (ADR):$114.06Occupancy:34.54%Regulation:Low
Rank:#24Market:Río HatoCountry:PanamaProperties:67Monthly Revenue:$1478.78Daily Rate (ADR):$305.57Occupancy:23.74%Regulation:Low
Rank:#25Market:El ChirúCountry:PanamaProperties:66Monthly Revenue:$1884.58Daily Rate (ADR):$343.04Occupancy:29.59%Regulation:Low
Rank:#26Market:El ChorrilloCountry:PanamaProperties:63Monthly Revenue:$1609.31Daily Rate (ADR):$103.82Occupancy:53.56%Regulation:Low
Rank:#27Market:BethaniaCountry:PanamaProperties:62Monthly Revenue:$800.30Daily Rate (ADR):$81.32Occupancy:41.00%Regulation:Low
Rank:#28Market:Parque LefevreCountry:PanamaProperties:62Monthly Revenue:$517.65Daily Rate (ADR):$78.84Occupancy:36.94%Regulation:Low
Rank:#29Market:Maria ChiquitaCountry:PanamaProperties:61Monthly Revenue:$4381.30Daily Rate (ADR):$429.71Occupancy:39.87%Regulation:Low
Rank:#30Market:PedasíCountry:PanamaProperties:61Monthly Revenue:$1029.24Daily Rate (ADR):$145.61Occupancy:33.08%Regulation:Low
Rank:#31Market:Las Escobas del VenadoCountry:PanamaProperties:61Monthly Revenue:$2670.36Daily Rate (ADR):$288.04Occupancy:41.00%Regulation:Low
Rank:#32Market:María ChiquitaCountry:PanamaProperties:60Monthly Revenue:$1728.33Daily Rate (ADR):$238.21Occupancy:26.48%Regulation:Low
Rank:#33Market:CaimitilloCountry:PanamaProperties:58Monthly Revenue:$1067.49Daily Rate (ADR):$177.86Occupancy:26.96%Regulation:Low
Rank:#34Market:ChameCountry:PanamaProperties:56Monthly Revenue:$1129.04Daily Rate (ADR):$159.06Occupancy:32.76%Regulation:Low
Rank:#35Market:Chame DistrictCountry:PanamaProperties:53Monthly Revenue:$1250.62Daily Rate (ADR):$161.04Occupancy:31.42%Regulation:Low
Rank:#36Market:JaramilloCountry:PanamaProperties:47Monthly Revenue:$1121.29Daily Rate (ADR):$128.06Occupancy:39.41%Regulation:Low
Rank:#37Market:DavidCountry:PanamaProperties:46Monthly Revenue:$283.06Daily Rate (ADR):$45.21Occupancy:28.80%Regulation:Low
Rank:#38Market:TorioCountry:PanamaProperties:46Monthly Revenue:$726.12Daily Rate (ADR):$95.55Occupancy:33.45%Regulation:Low
Rank:#39Market:CambutalCountry:PanamaProperties:40Monthly Revenue:$739.02Daily Rate (ADR):$144.81Occupancy:32.67%Regulation:Low
Rank:#40Market:David SurCountry:PanamaProperties:39Monthly Revenue:$279.73Daily Rate (ADR):$38.91Occupancy:32.17%Regulation:Low
Rank:#41Market:24 de DiciembreCountry:PanamaProperties:39Monthly Revenue:$1092.08Daily Rate (ADR):$184.22Occupancy:26.21%Regulation:Low
Rank:#42Market:Panama CityCountry:PanamaProperties:39Monthly Revenue:$2752.03Daily Rate (ADR):$164.88Occupancy:53.40%Regulation:Low
Rank:#43Market:Las LajasCountry:PanamaProperties:38Monthly Revenue:$1168.10Daily Rate (ADR):$142.71Occupancy:28.07%Regulation:Low
Rank:#44Market:Pueblo NuevoCountry:PanamaProperties:38Monthly Revenue:$569.85Daily Rate (ADR):$61.53Occupancy:39.20%Regulation:Low
Rank:#45Market:Las TablasCountry:PanamaProperties:34Monthly Revenue:$269.61Daily Rate (ADR):$91.27Occupancy:17.60%Regulation:Low
Rank:#46Market:BijaoCountry:PanamaProperties:31Monthly Revenue:$833.46Daily Rate (ADR):$180.39Occupancy:20.53%Regulation:Low
Rank:#47Market:Boca ChicaCountry:PanamaProperties:30Monthly Revenue:$1121.24Daily Rate (ADR):$200.25Occupancy:32.76%Regulation:Low
Rank:#48Market:San Blas IslandsCountry:PanamaProperties:30Monthly Revenue:$2128.28Daily Rate (ADR):$383.50Occupancy:28.07%Regulation:Low
Rank:#49Market:PortobeloCountry:PanamaProperties:29Monthly Revenue:$762.19Daily Rate (ADR):$155.90Occupancy:20.34%Regulation:Low
Rank:#50Market:CristóbalCountry:PanamaProperties:28Monthly Revenue:$808.45Daily Rate (ADR):$98.66Occupancy:37.57%Regulation:Low
Rank:#51Market:Puerto LindoCountry:PanamaProperties:27Monthly Revenue:$1353.18Daily Rate (ADR):$194.25Occupancy:24.25%Regulation:Low
Rank:#52Market:TabogaCountry:PanamaProperties:27Monthly Revenue:$1338.11Daily Rate (ADR):$168.52Occupancy:29.60%Regulation:Low
Rank:#53Market:Tierra OscuraCountry:PanamaProperties:26Monthly Revenue:$647.04Daily Rate (ADR):$117.30Occupancy:28.96%Regulation:Low
Rank:#54Market:Nueva CaliforniaCountry:PanamaProperties:26Monthly Revenue:$624.85Daily Rate (ADR):$91.39Occupancy:34.12%Regulation:Low
Rank:#55Market:VolcánCountry:PanamaProperties:25Monthly Revenue:$438.04Daily Rate (ADR):$95.97Occupancy:25.65%Regulation:Low
Rank:#56Market:ColoncitoCountry:PanamaProperties:24Monthly Revenue:$1268.32Daily Rate (ADR):$198.34Occupancy:28.95%Regulation:Low
Rank:#57Market:BuenaventuraCountry:PanamaProperties:22Monthly Revenue:$5147.73Daily Rate (ADR):$524.14Occupancy:34.40%Regulation:Low
Rank:#58Market:Santa ClaraCountry:PanamaProperties:22Monthly Revenue:$794.76Daily Rate (ADR):$183.89Occupancy:26.30%Regulation:Low
Rank:#59Market:ChitréCountry:PanamaProperties:22Monthly Revenue:$300.88Daily Rate (ADR):$73.22Occupancy:20.97%Regulation:Low
Rank:#60Market:Don BoscoCountry:PanamaProperties:22Monthly Revenue:$464.95Daily Rate (ADR):$44.78Occupancy:44.34%Regulation:Low
Rank:#61Market:Juan DíazCountry:PanamaProperties:22Monthly Revenue:$522.53Daily Rate (ADR):$81.07Occupancy:35.69%Regulation:Low
Rank:#62Market:Los AgarrobosCountry:PanamaProperties:21Monthly Revenue:$344.08Daily Rate (ADR):$47.07Occupancy:36.97%Regulation:Low
Rank:#63Market:Altos del MariaCountry:PanamaProperties:21Monthly Revenue:$1790.31Daily Rate (ADR):$202.40Occupancy:37.56%Regulation:Low
Rank:#64Market:NarganáCountry:PanamaProperties:20Monthly Revenue:$1750.05Daily Rate (ADR):$428.02Occupancy:21.45%Regulation:Low
Rank:#65Market:SantiagoCountry:PanamaProperties:19Monthly Revenue:$301.29Daily Rate (ADR):$58.10Occupancy:28.40%Regulation:Low
Rank:#66Market:ArraijánCountry:PanamaProperties:18Monthly Revenue:$854.62Daily Rate (ADR):$111.15Occupancy:31.31%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.

Maximize Your Airbnb Income in this market

Access granular Airbnb data and short term rental analytics. Understand Airbnb occupancy rates, ADR trends, and revenue potential. Optimize your pricing strategy!

Discover Market Insights