Top 67 Best Places in Panama to Invest in Airbnb & Short-Term Rentals (2025)

Source: AirROI

Last updated: 2025-06-01

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:708Monthly Revenue:$1083.64Daily Rate (ADR):$96.02Occupancy:48.07%Regulation:Low
Rank:#2Market:Bocas del ToroCountry:PanamaProperties:494Monthly Revenue:$1282.82Daily Rate (ADR):$169.61Occupancy:34.45%Regulation:Low
Rank:#3Market:San FranciscoCountry:PanamaProperties:412Monthly Revenue:$1192.40Daily Rate (ADR):$101.71Occupancy:50.54%Regulation:Low
Rank:#4Market:Distrito San CarlosCountry:PanamaProperties:357Monthly Revenue:$1195.47Daily Rate (ADR):$200.14Occupancy:27.22%Regulation:Low
Rank:#5Market:CoronadoCountry:PanamaProperties:238Monthly Revenue:$983.00Daily Rate (ADR):$176.99Occupancy:29.07%Regulation:Low
Rank:#6Market:CalidoniaCountry:PanamaProperties:211Monthly Revenue:$788.90Daily Rate (ADR):$75.99Occupancy:47.87%Regulation:Low
Rank:#7Market:FarallonCountry:PanamaProperties:210Monthly Revenue:$945.33Daily Rate (ADR):$197.34Occupancy:24.33%Regulation:Low
Rank:#8Market:Bajo BoqueteCountry:PanamaProperties:192Monthly Revenue:$925.03Daily Rate (ADR):$115.88Occupancy:35.65%Regulation:Low
Rank:#9Market:Nueva GorgonaCountry:PanamaProperties:169Monthly Revenue:$900.40Daily Rate (ADR):$130.77Occupancy:33.99%Regulation:Low
Rank:#10Market:Alto BoqueteCountry:PanamaProperties:158Monthly Revenue:$593.19Daily Rate (ADR):$97.33Occupancy:32.16%Regulation:Low
Rank:#11Market:AncónCountry:PanamaProperties:142Monthly Revenue:$710.95Daily Rate (ADR):$89.68Occupancy:37.46%Regulation:Moderate
Rank:#12Market:PanamáCountry:PanamaProperties:141Monthly Revenue:$1746.21Daily Rate (ADR):$131.78Occupancy:53.30%Regulation:Moderate
Rank:#13Market:El ValleCountry:PanamaProperties:128Monthly Revenue:$1086.90Daily Rate (ADR):$165.75Occupancy:32.23%Regulation:Low
Rank:#14Market:Santa AnaCountry:PanamaProperties:128Monthly Revenue:$952.22Daily Rate (ADR):$74.57Occupancy:54.71%Regulation:Low
Rank:#15Market:Punta ChameCountry:PanamaProperties:116Monthly Revenue:$1110.10Daily Rate (ADR):$179.25Occupancy:27.02%Regulation:Low
Rank:#16Market:BastimentosCountry:PanamaProperties:115Monthly Revenue:$967.85Daily Rate (ADR):$169.62Occupancy:29.02%Regulation:Low
Rank:#17Market:PanamáCountry:PanamaProperties:96Monthly Revenue:$2283.39Daily Rate (ADR):$156.82Occupancy:53.48%Regulation:Low
Rank:#18Market:VeracruzCountry:PanamaProperties:84Monthly Revenue:$1132.25Daily Rate (ADR):$166.15Occupancy:34.65%Regulation:Low
Rank:#19Market:SabogaCountry:PanamaProperties:77Monthly Revenue:$1506.37Daily Rate (ADR):$358.16Occupancy:25.47%Regulation:Low
Rank:#20Market:Los NaranjosCountry:PanamaProperties:74Monthly Revenue:$791.48Daily Rate (ADR):$117.68Occupancy:31.99%Regulation:Moderate
Rank:#21Market:Playa VenaoCountry:PanamaProperties:71Monthly Revenue:$2407.43Daily Rate (ADR):$280.84Occupancy:34.35%Regulation:Low
Rank:#22Market:Río HatoCountry:PanamaProperties:71Monthly Revenue:$1462.16Daily Rate (ADR):$326.62Occupancy:23.73%Regulation:Low
Rank:#23Market:PedasíCountry:PanamaProperties:66Monthly Revenue:$933.65Daily Rate (ADR):$134.46Occupancy:32.08%Regulation:Moderate
Rank:#24Market:BethaniaCountry:PanamaProperties:66Monthly Revenue:$660.25Daily Rate (ADR):$78.73Occupancy:37.53%Regulation:Moderate
Rank:#25Market:Parque LefevreCountry:PanamaProperties:65Monthly Revenue:$473.41Daily Rate (ADR):$87.28Occupancy:34.42%Regulation:Low
Rank:#26Market:HicacoCountry:PanamaProperties:62Monthly Revenue:$984.49Daily Rate (ADR):$114.60Occupancy:35.14%Regulation:Low
Rank:#27Market:El ChirúCountry:PanamaProperties:60Monthly Revenue:$1926.56Daily Rate (ADR):$390.26Occupancy:26.92%Regulation:Low
Rank:#28Market:Rio HatoCountry:PanamaProperties:59Monthly Revenue:$860.21Daily Rate (ADR):$212.96Occupancy:25.97%Regulation:Moderate
Rank:#29Market:CaimitilloCountry:PanamaProperties:59Monthly Revenue:$1016.05Daily Rate (ADR):$199.02Occupancy:25.07%Regulation:Low
Rank:#30Market:El ChorrilloCountry:PanamaProperties:58Monthly Revenue:$1705.04Daily Rate (ADR):$108.99Occupancy:56.14%Regulation:Low
Rank:#31Market:María ChiquitaCountry:PanamaProperties:57Monthly Revenue:$1735.37Daily Rate (ADR):$237.14Occupancy:26.31%Regulation:Low
Rank:#32Market:Las Escobas del VenadoCountry:PanamaProperties:56Monthly Revenue:$2683.50Daily Rate (ADR):$303.46Occupancy:39.94%Regulation:Low
Rank:#33Market:ChameCountry:PanamaProperties:53Monthly Revenue:$1182.52Daily Rate (ADR):$178.68Occupancy:31.78%Regulation:Low
Rank:#34Market:Maria ChiquitaCountry:PanamaProperties:52Monthly Revenue:$4534.31Daily Rate (ADR):$444.82Occupancy:40.31%Regulation:Low
Rank:#35Market:Distrito de San CarlosCountry:PanamaProperties:52Monthly Revenue:$820.05Daily Rate (ADR):$181.65Occupancy:31.34%Regulation:High
Rank:#36Market:DavidCountry:PanamaProperties:50Monthly Revenue:$286.30Daily Rate (ADR):$45.38Occupancy:29.29%Regulation:Low
Rank:#37Market:JaramilloCountry:PanamaProperties:48Monthly Revenue:$1082.62Daily Rate (ADR):$120.12Occupancy:38.72%Regulation:Low
Rank:#38Market:CambutalCountry:PanamaProperties:47Monthly Revenue:$679.73Daily Rate (ADR):$139.63Occupancy:27.86%Regulation:Moderate
Rank:#39Market:Rio HatoCountry:PanamaProperties:46Monthly Revenue:$1395.16Daily Rate (ADR):$253.64Occupancy:22.77%Regulation:Moderate
Rank:#40Market:TorioCountry:PanamaProperties:46Monthly Revenue:$839.79Daily Rate (ADR):$117.28Occupancy:33.70%Regulation:Moderate
Rank:#41Market:Chame DistrictCountry:PanamaProperties:42Monthly Revenue:$1370.05Daily Rate (ADR):$165.06Occupancy:32.54%Regulation:Low
Rank:#42Market:Las LajasCountry:PanamaProperties:41Monthly Revenue:$1166.79Daily Rate (ADR):$144.66Occupancy:28.13%Regulation:Low
Rank:#43Market:David SurCountry:PanamaProperties:40Monthly Revenue:$258.41Daily Rate (ADR):$40.40Occupancy:31.28%Regulation:Low
Rank:#44Market:Pueblo NuevoCountry:PanamaProperties:40Monthly Revenue:$572.66Daily Rate (ADR):$59.65Occupancy:42.48%Regulation:Low
Rank:#45Market:Las TablasCountry:PanamaProperties:38Monthly Revenue:$280.48Daily Rate (ADR):$124.79Occupancy:15.37%Regulation:Moderate
Rank:#46Market:24 de DiciembreCountry:PanamaProperties:38Monthly Revenue:$1111.24Daily Rate (ADR):$191.57Occupancy:26.29%Regulation:Low
Rank:#47Market:TabogaCountry:PanamaProperties:36Monthly Revenue:$1142.16Daily Rate (ADR):$162.34Occupancy:26.97%Regulation:Low
Rank:#48Market:San Blas IslandsCountry:PanamaProperties:33Monthly Revenue:$1753.83Daily Rate (ADR):$389.93Occupancy:24.68%Regulation:Low
Rank:#49Market:BijaoCountry:PanamaProperties:30Monthly Revenue:$826.18Daily Rate (ADR):$188.87Occupancy:19.78%Regulation:Moderate
Rank:#50Market:Tierra OscuraCountry:PanamaProperties:29Monthly Revenue:$647.26Daily Rate (ADR):$144.15Occupancy:26.56%Regulation:Low
Rank:#51Market:Puerto LindoCountry:PanamaProperties:29Monthly Revenue:$1260.13Daily Rate (ADR):$213.30Occupancy:24.13%Regulation:Low
Rank:#52Market:Panama CityCountry:PanamaProperties:29Monthly Revenue:$2400.25Daily Rate (ADR):$160.92Occupancy:53.01%Regulation:Low
Rank:#53Market:ColoncitoCountry:PanamaProperties:28Monthly Revenue:$1196.21Daily Rate (ADR):$202.66Occupancy:27.18%Regulation:Low
Rank:#54Market:PortobeloCountry:PanamaProperties:27Monthly Revenue:$738.27Daily Rate (ADR):$159.01Occupancy:20.26%Regulation:Low
Rank:#55Market:Nueva CaliforniaCountry:PanamaProperties:26Monthly Revenue:$644.82Daily Rate (ADR):$112.10Occupancy:31.45%Regulation:Low
Rank:#56Market:CristóbalCountry:PanamaProperties:26Monthly Revenue:$885.98Daily Rate (ADR):$99.21Occupancy:38.01%Regulation:Low
Rank:#57Market:Boca ChicaCountry:PanamaProperties:25Monthly Revenue:$1304.10Daily Rate (ADR):$146.44Occupancy:35.25%Regulation:Low
Rank:#58Market:ChitréCountry:PanamaProperties:24Monthly Revenue:$318.30Daily Rate (ADR):$73.41Occupancy:21.57%Regulation:Low
Rank:#59Market:NarganáCountry:PanamaProperties:23Monthly Revenue:$1510.47Daily Rate (ADR):$418.08Occupancy:23.70%Regulation:Moderate
Rank:#60Market:Altos del MariaCountry:PanamaProperties:23Monthly Revenue:$1866.13Daily Rate (ADR):$224.35Occupancy:35.58%Regulation:Low
Rank:#61Market:SantiagoCountry:PanamaProperties:23Monthly Revenue:$256.51Daily Rate (ADR):$57.84Occupancy:28.65%Regulation:Moderate
Rank:#62Market:BuenaventuraCountry:PanamaProperties:22Monthly Revenue:$5051.70Daily Rate (ADR):$527.74Occupancy:34.63%Regulation:Low
Rank:#63Market:Juan DíazCountry:PanamaProperties:22Monthly Revenue:$413.62Daily Rate (ADR):$67.98Occupancy:33.56%Regulation:Low
Rank:#64Market:Santa ClaraCountry:PanamaProperties:22Monthly Revenue:$720.12Daily Rate (ADR):$189.95Occupancy:23.19%Regulation:Low
Rank:#65Market:VolcánCountry:PanamaProperties:20Monthly Revenue:$501.34Daily Rate (ADR):$96.21Occupancy:28.82%Regulation:Low
Rank:#66Market:Don BoscoCountry:PanamaProperties:20Monthly Revenue:$368.90Daily Rate (ADR):$43.77Occupancy:37.87%Regulation:Low
Rank:#67Market:Los AgarrobosCountry:PanamaProperties:19Monthly Revenue:$364.89Daily Rate (ADR):$48.39Occupancy:37.98%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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