Source: BNBCalc market metadata · Reviewed by Parker Place, CTO of BNBCalc.com · Data updated July 10, 2026
Best Airbnb Markets in Panama
Tonosi is the top Panama short-term rental market across Airbnb and Vrbo by annual revenue, with $32,230 in average annual revenue, 38% occupancy, and 171 active listings.
Top revenue market
Tonosi
$32.2K
Median annual revenue
$26.3K
Average listing revenue
Median occupancy
37%
Adjusted occupancy
Tracked markets
7
Countrywide market coverage
Top 10 Panama Airbnb and Vrbo Markets
#1
Tonosi
BNBCalc tracks Tonosi as a Panama short-term rental market with Airbnb, Vrbo, and broader rental performance context.
Revenue
$32.2K
Occupancy
38%
Listings
171
#2
Bocas del Toro
BNBCalc tracks Bocas del Toro as a Panama short-term rental market with Airbnb, Vrbo, and broader rental performance context.
Revenue
$28.6K
Occupancy
41%
Listings
295
#3
Panama City
BNBCalc tracks Panama City as a Panama short-term rental market with Airbnb, Vrbo, and broader rental performance context.
Revenue
$26.4K
Occupancy
56%
Listings
1,989
#4
Coclé Province
BNBCalc tracks Coclé Province as a Panama short-term rental market with Airbnb, Vrbo, and broader rental performance context.
Revenue
$26.3K
Occupancy
30%
Listings
149
#5
Panamá Oeste Province
BNBCalc tracks Panamá Oeste Province as a Panama short-term rental market with Airbnb, Vrbo, and broader rental performance context.
Revenue
$18.7K
Occupancy
30%
Listings
436
#6
David
BNBCalc tracks David as a Panama short-term rental market with Airbnb, Vrbo, and broader rental performance context.
Revenue
$16.0K
Occupancy
37%
Listings
287
#7
Las palmas
BNBCalc tracks Las palmas as a Panama short-term rental market with Airbnb, Vrbo, and broader rental performance context.
Revenue
$15.1K
Occupancy
31%
Listings
104
All Panama Short-Term Rental Markets
Every market below links to its full BNBCalc market page. Non-US country rankings use annual revenue first because gross yield requires property value metadata that is currently US-only.
Active listings are Airbnb and Vrbo listings observed as active in the selected country market metadata. Annual revenue uses ADR, adjusted occupancy, and estimated cleaning revenue when cleaning and stay data exists.
Outside the US, BNBCalc ranks country market pages by average annual revenue until property-value coverage is available for international gross yield. Annual revenue is useful for identifying demand and pricing power, but investors should still review acquisition cost, taxes, seasonality, regulations, and operating expenses before comparing returns.
Frequently Asked Questions About Panama Airbnb and Vrbo Markets
Tonosi is the top Panama short-term rental market for Airbnb and Vrbo investors by annual revenue in this BNBCalc dataset, with $32,230 in average annual revenue, 38% occupancy, and 171 active listings.
Non-US country pages are ranked by average annual revenue because gross yield requires property-value metadata that is currently strongest in the US. ADR, occupancy, and active Airbnb and Vrbo listings are shown to add demand and supply context.
Gross yield requires both revenue and property-value metadata. BNBCalc does not yet have consistent international property-value coverage, so annual revenue is the cleaner primary ranking metric for non-US country pages.
No. Annual revenue is useful for identifying demand and pricing power, but investors should still review acquisition cost, regulations, seasonality, taxes, financing, insurance, and operating expenses before comparing returns.
