Panama City
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Annual revenue (actual)
P$27.3k
12 mo avg
↑22%
from prior 12 mo
Occupancy rate
56%
12 mo avg
↑1%
from prior 12 mo
Avg daily rate
P$118
12 mo avg
↑19%
from prior 12 mo
Lead time
26 days
12 mo avg
↑2 days
from prior 12 mo
Revpar
P$54
12 mo avg
↑13%
from prior 12 mo
Methodology note: Figures reflect Panama City market data as of October 2026. Data covers Airbnb, VRBO, and Booking.com listings. Values are seasonally influenced; rounding applied for readability.
Revenue per listing by bedroom
Annual revenue per listing, broken down by bedroom count. Compare which property sizes perform best.
Bedroom count:
0
1
2
3
4+
Short-term rental supply growth
Tracks how the number of active listings changes over time. Rising supply with flat revenue may indicate saturation.
Performance metrics by bedroom
Breakdown of revenue, property values, yields, supply, and cleaning fees for each bedroom type.
Bedrooms
Annual Rev
Supply
Revenue boost by amenity
Shows how specific amenities impact revenue. Beware false correlation i.e. more expensive properties tend to have pools or views.
| Amenity | Listings With | Revenue Boost | Revenue With | Revenue Without |
|---|---|---|---|---|
| Sauna | — | +PAB 17,670 | — | — |
| Hot Tub | 🔒 2•• (••%) | 🔒 +PAB 1•••• (+••%) | 🔒 PAB 4•••• | 🔒 PAB 3•••• |
| EV Charger | 🔒 1• (•%) | 🔒 +PAB 1•••• (+••%) | 🔒 PAB 4•••• | 🔒 PAB 3•••• |
| Barbecue | 🔒 2•• (••%) | 🔒 +PAB 1•••• (+••%) | 🔒 PAB 4•••• | 🔒 PAB 3•••• |
| Pool | 🔒 1••• (••%) | 🔒 +PAB 5••• (+••%) | 🔒 PAB 3•••• | 🔒 PAB 2•••• |
| Heating | 🔒 3•• (••%) | 🔒 +PAB 4••• (+••%) | 🔒 PAB 3•••• | 🔒 PAB 3•••• |
| Lake Access | 🔒 4• (•%) | 🔒 +PAB 4••• (+••%) | 🔒 PAB 3•••• | 🔒 PAB 3•••• |
| Gym | 🔒 8•• (••%) | 🔒 +PAB 3••• (+••%) | 🔒 PAB 3•••• | 🔒 PAB 3•••• |
| Pets Allowed | 🔒 9•• (••%) | 🔒 +PAB 2••• (+•%) | 🔒 PAB 3•••• | 🔒 PAB 3•••• |
Nightly rate by day of week
Average nightly rate for each day of the week. Most markets see higher rates on weekends.
Occupancy rate by day of week
Shows booking patterns throughout the week. Helps understand demand cycles.
Listings by channel
Listings by rental type
Listings by amenities
Listings by size
4+ bedrooms (0%)
Listings by availability
Length of stay by bedroom
2 bedrooms (6.0 nights)
1 bedroom (5.8 nights)
3 bedrooms (4.8 nights)
4+ bedrooms (4.7 nights)
Studio (4.7 nights)
Cleaning fee by bedroom
4+ bedrooms (PAB 75)
3 bedrooms (PAB 55)
2 bedrooms (PAB 41)
Studio (PAB 35)
1 bedroom (PAB 31)
Professional host share
Professionally managed (72%)
Independent hosts (28%)
Over the 12 months ending September 2026, the Panama City market averaged 2,644 active Airbnb and VRBO listings, up 7% from a year earlier and up 42% over two years.
An average Panama City listing earns B/.26K/year. High-performing listings earn B/.52K, while low-performing listings earn B/.8K.
Average occupancy in Panama City is 47%, producing RevPAR of B/.51 per available night.
4+ bedroom listings generate the highest average annual revenue in Panama City, at B/.60K.
Rules vary across Panama City. Panama City: Lenient. No specific short-term rental regulations or registration requirements at national or municipal level. Tourism Ministry encourages registration but not mandatory. Minimal enforcement, market operates freely. Colón: Lenient. No dedicated STR regulations. General business permits may apply but rarely enforced for rentals. Minimal oversight, hosts operate without restrictions. Playa Bonita: Lenient. Falls under Panama City jurisdiction. No STR-specific rules, voluntary tourism registration only. No enforcement, market self-regulated through platforms. Verify requirements for the property's jurisdiction.
The Panama City Airbnb and VRBO market appears broadly balanced. Supply has grown 7% year-over-year, while RevPAR has increased 40%, showing no clear supply-demand imbalance.
RevPAR is highest in July and January; it is lowest in October and November.
The most common amenities are Internet (100%), Air Conditioning (99%), Kitchen (99%). The strongest positive revenue associations are Sauna (+59%), Hot Tub (+50%), Bbq (+33%).
Average daily rate in Panama City is B/.133, up 22% year-over-year. Rates peak in July and are lowest in October.
Guests in Panama City book an average of 26 days in advance, up 5% from last year. Booking windows range from 23 days for 1-bedroom listings to 40 days for 4+ bedroom listings.
Booking demand is highest on Saturday and lowest on Tuesday. Nightly rates peak on Saturday and are lowest on Tuesday. Weekend occupancy is 15% higher than weekday occupancy.
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