Cheapest time to visit Panama City
As of Oct 2026, Panama City barely moves. Across the next 12 months the median runs $103 to $119 a night — a 14% spread. Shifting your dates here is not worth much; pick on price and location instead.
October median: $115 per night across 67 tracked hotels. Measured one-night stays for two adults.
November median: $103 per night across 73 tracked hotels. Measured one-night stays for two adults.
December median: $104 per night across 73 tracked hotels. Measured one-night stays for two adults.
January median: $116 per night across 69 tracked hotels. Measured one-night stays for two adults.
February median: $117 per night across 64 tracked hotels. Measured one-night stays for two adults.
March median: $116 per night across 64 tracked hotels. Measured one-night stays for two adults.
April median: $119 per night across 62 tracked hotels. Measured one-night stays for two adults.
May median: $117 per night across 63 tracked hotels. Measured one-night stays for two adults.
June median: $118 per night across 62 tracked hotels. Measured one-night stays for two adults.
July median: $117 per night across 62 tracked hotels. Measured one-night stays for two adults.
August median: $117 per night across 61 tracked hotels. Measured one-night stays for two adults.
September median: $119 per night across 58 tracked hotels. Measured one-night stays for two adults.
Next 12 months · 2,608 prices · all prices in USD
The year ahead
median USD per night · one-night stays for two adultsLowerNear averageYear average $115/night
Select a bar to change month. The current month covers remaining dates.
Compare all tracked hotels on a map →
Cheapest Panama City hotels
sorted by price — in a city this flat, timing is not the leverOctober 202667 hotels · median $115/night
$45 or less$397 or more
About these prices
Recorded nightly prices across 67 Panama City hotels in October. Taller bars mean more price checks in that range, not more unique hotels. The highlighted range contains the median of $115 per night.
October: 67 hotels, median $115 a night, from 67 prices.
November 202673 hotels · median $103/night
$45 or less$397 or more
About these prices
Recorded nightly prices across 73 Panama City hotels in November. Taller bars mean more price checks in that range, not more unique hotels. The highlighted range contains the median of $103 per night.
November: 73 hotels, median $103 a night, from 216 prices.
December 202673 hotels · median $104/night
$45 or less$397 or more
About these prices
Recorded nightly prices across 73 Panama City hotels in December. Taller bars mean more price checks in that range, not more unique hotels. The highlighted range contains the median of $104 per night.
December: 73 hotels, median $104 a night, from 280 prices.
January 202769 hotels · median $116/night
$45 or less$397 or more
About these prices
Recorded nightly prices across 69 Panama City hotels in January. Taller bars mean more price checks in that range, not more unique hotels. The highlighted range contains the median of $116 per night.
January: 69 hotels, median $116 a night, from 264 prices.
February 202764 hotels · median $117/night
$45 or less$397 or more
About these prices
Recorded nightly prices across 64 Panama City hotels in February. Taller bars mean more price checks in that range, not more unique hotels. The highlighted range contains the median of $117 per night.
February: 64 hotels, median $117 a night, from 245 prices.
March 202764 hotels · median $116/night
$45 or less$397 or more
About these prices
Recorded nightly prices across 64 Panama City hotels in March. Taller bars mean more price checks in that range, not more unique hotels. The highlighted range contains the median of $116 per night.
March: 64 hotels, median $116 a night, from 240 prices.
April 202762 hotels · median $119/night
$45 or less$397 or more
About these prices
Recorded nightly prices across 62 Panama City hotels in April. Taller bars mean more price checks in that range, not more unique hotels. The highlighted range contains the median of $119 per night.
April: 62 hotels, median $119 a night, from 181 prices.
May 202763 hotels · median $117/night
$45 or less$397 or more
About these prices
Recorded nightly prices across 63 Panama City hotels in May. Taller bars mean more price checks in that range, not more unique hotels. The highlighted range contains the median of $117 per night.
May: 63 hotels, median $117 a night, from 239 prices.
June 202762 hotels · median $118/night
$45 or less$397 or more
About these prices
Recorded nightly prices across 62 Panama City hotels in June. Taller bars mean more price checks in that range, not more unique hotels. The highlighted range contains the median of $118 per night.
June: 62 hotels, median $118 a night, from 238 prices.
July 202762 hotels · median $117/night
$45 or less$397 or more
About these prices
Recorded nightly prices across 62 Panama City hotels in July. Taller bars mean more price checks in that range, not more unique hotels. The highlighted range contains the median of $117 per night.
July: 62 hotels, median $117 a night, from 238 prices.
August 202761 hotels · median $117/night
$45 or less$397 or more
About these prices
Recorded nightly prices across 61 Panama City hotels in August. Taller bars mean more price checks in that range, not more unique hotels. The highlighted range contains the median of $117 per night.
August: 61 hotels, median $117 a night, from 230 prices.
September 202758 hotels · median $119/night
$45 or less$397 or more
About these prices
Recorded nightly prices across 58 Panama City hotels in September. Taller bars mean more price checks in that range, not more unique hotels. The highlighted range contains the median of $119 per night.
September: 58 hotels, median $119 a night, from 170 prices.
We are not ranking these by discount. Panama City’s whole year moves 14%, so the gap between a hotel’s best and worst month is too small to change where you stay.
12 hotels match in this shortlist.
Hotel Latino
Residencial & Hotel Palazzo
Eurohotel
Hotel Benidorm Panama
Hotel Terranova
Hotel Marbella
Hospedium Princess Hotel Panamá
Hotel Principe
Hotel Caribe
Hotel Faranda Express Soloy and Casino, a member of Radisson Individuals
Innfiniti Hotel & Suites
Toscana Inn
Hotel Mio Panamá
Best Western Plus Panama Zen Hotel
Hotel Casa Panama
Crowne Plaza Panama by IHG
Plaza Paitilla Inn Hotel
Waymore Hotel Spa & Casino
The Westin Panama
Summit Rainforest Golf Resort & All Inclusive
Residence Inn by Marriott Panama City
Central Hotel Panama Casco Viejo
Sheraton Grand Panama
The Santa Maria, a Luxury Collection Hotel & Golf Resort, Panama City
Hotel La Compañía Casco Antiguo
JW Marriott Panama
Sofitel Legend Casco Viejo, Panama City
12 hotels match in this shortlist.
- Hotel Latino
HOTEL SAN THOMAS INN- Hotel Benidorm Panama
- Residencial & Hotel Palazzo
- Eurohotel
- Hotel Terranova
- Hotel Marbella
- Hospedium Princess Hotel Panamá
Hotel Ojos Del Rio- Hotel Principe
- Hotel Faranda Express Soloy and Casino, a member of Radisson Individuals
- Innfiniti Hotel & Suites
The Executive Hotel
Aloft by Marriott Panama- Best Western Plus Panama Zen Hotel
Hotel El Panama by Faranda Grand, a member of Radisson Individuals
Gran Evenia Panama
Ramada Plaza by Wyndham Panama Punta Pacifica- Central Hotel Panama Casco Viejo
- The Santa Maria, a Luxury Collection Hotel & Golf Resort, Panama City
Intercontinental Miramar Panama by IHG- Residence Inn by Marriott Panama City
American Trade Hotel
Waldorf Astoria Panama- JW Marriott Panama
- Hotel La Compañía Casco Antiguo
- Sofitel Legend Casco Viejo, Panama City
12 hotels match in this shortlist.
- Hotel Latino
- HOTEL SAN THOMAS INN
- Residencial & Hotel Palazzo
- Hotel Benidorm Panama
- Eurohotel
- Hotel Terranova
- Hotel Marbella
- Hospedium Princess Hotel Panamá
- Hotel Faranda Express Soloy and Casino, a member of Radisson Individuals
- Hotel Ojos Del Rio
- Hotel Principe
- Innfiniti Hotel & Suites
- Aloft by Marriott Panama
- Best Western Plus Panama Zen Hotel
- The Executive Hotel
- Gran Evenia Panama
Torres de Alba Hotel & Suites- Ramada Plaza by Wyndham Panama Punta Pacifica
- Intercontinental Miramar Panama by IHG
- Central Hotel Panama Casco Viejo
Hyatt Regency Panama City
Megapolis Hotel Panama- Residence Inn by Marriott Panama City
- The Westin Panama
W Panama- JW Marriott Panama
- Sofitel Legend Casco Viejo, Panama City
- Hotel La Compañía Casco Antiguo
12 hotels match in this shortlist.
- Hotel Latino
- Residencial & Hotel Palazzo
- Eurohotel
- Hotel Benidorm Panama
Ramada Panama Centro Via Argentina- Hotel Terranova
- Hospedium Princess Hotel Panamá
- Hotel Caribe
- Hotel Principe
- Hotel Faranda Express Soloy and Casino, a member of Radisson Individuals
- Hotel Ojos Del Rio
Cresta Inn- Innfiniti Hotel & Suites
- Best Western Plus Panama Zen Hotel
- Ramada Plaza by Wyndham Panama Punta Pacifica
- Torres de Alba Hotel & Suites
- The Executive Hotel
- Aloft by Marriott Panama
- Central Hotel Panama Casco Viejo
- Intercontinental Miramar Panama by IHG
Bristol Panama, a Registry Collection Hotel
Renaissance Panama City Hotel
Hotel San Felipe- The Westin Panama
- Waldorf Astoria Panama
- W Panama
- Sofitel Legend Casco Viejo, Panama City
- The Santa Maria, a Luxury Collection Hotel & Golf Resort, Panama City
- JW Marriott Panama
- Hotel La Compañía Casco Antiguo
12 hotels match in this shortlist.
- Residencial & Hotel Palazzo
- Hotel Benidorm Panama
- Ramada Panama Centro Via Argentina
- Eurohotel
- Hospedium Princess Hotel Panamá
- Hotel Caribe
- Hotel Principe
- Hotel Faranda Express Soloy and Casino, a member of Radisson Individuals
- Hotel Ojos Del Rio
TOSCANA INN HOTEL
Central Park Hotel & Casino
Riande Urban Hotel
Hampton by Hilton Panama- The Executive Hotel
- Best Western Plus Panama Zen Hotel
Victoria Hotel and Suites Panama- Hotel Mio Panamá
- Ramada Plaza by Wyndham Panama Punta Pacifica
- Intercontinental Miramar Panama by IHG
- Bristol Panama, a Registry Collection Hotel
- Megapolis Hotel Panama
- The Westin Panama
- Residence Inn by Marriott Panama City
- Hotel San Felipe
Hilton Panama- The Santa Maria, a Luxury Collection Hotel & Golf Resort, Panama City
- Waldorf Astoria Panama
- W Panama
- JW Marriott Panama
- Sofitel Legend Casco Viejo, Panama City
12 hotels match in this shortlist.
- Hotel Benidorm Panama
- Residencial & Hotel Palazzo
- Eurohotel
- Ramada Panama Centro Via Argentina
- Hospedium Princess Hotel Panamá
- Hotel Principe
- Hotel Caribe
- Hotel Faranda Express Soloy and Casino, a member of Radisson Individuals
- Hotel Ojos Del Rio
- TOSCANA INN HOTEL
- Riande Urban Hotel
Radisson Hotel Panama Canal- Best Western Plus Panama Zen Hotel
- The Executive Hotel
- Victoria Hotel and Suites Panama
- Ramada Plaza by Wyndham Panama Punta Pacifica
- Torres de Alba Hotel & Suites
- Central Park Hotel & Casino
- Renaissance Panama City Hotel
- Bristol Panama, a Registry Collection Hotel
- Intercontinental Miramar Panama by IHG
- Megapolis Hotel Panama
- Hyatt Regency Panama City
Tantalo Hotel - Kitchen - Roofbar- Waldorf Astoria Panama
- W Panama
- The Santa Maria, a Luxury Collection Hotel & Golf Resort, Panama City
- JW Marriott Panama
- Sofitel Legend Casco Viejo, Panama City
- Hotel La Compañía Casco Antiguo
12 hotels match in this shortlist.
- Residencial & Hotel Palazzo
- Hotel Benidorm Panama
- Hospedium Princess Hotel Panamá
- Hotel Caribe
- Hotel Principe
- Hotel Ojos Del Rio
- Ramada Panama Centro Via Argentina
- Hotel Faranda Express Soloy and Casino, a member of Radisson Individuals
- TOSCANA INN HOTEL
Metro Hotel Panama- Riande Urban Hotel
Hotel Coral Suites- Hotel Mio Panamá
- Hotel El Panama by Faranda Grand, a member of Radisson Individuals
- Toscana Inn
- The Executive Hotel
- Best Western Plus Panama Zen Hotel
Holiday Inn Panama Distrito Financiero by IHG- Hyatt Regency Panama City
- Hotel San Felipe
- Megapolis Hotel Panama
- Waldorf Astoria Panama
- The Westin Panama
- JW Marriott Panama
- Sofitel Legend Casco Viejo, Panama City
- Hotel La Compañía Casco Antiguo
12 hotels match in this shortlist.
- Hotel Benidorm Panama
- Residencial & Hotel Palazzo
- Hospedium Princess Hotel Panamá
- Hotel Principe
- Hotel Caribe
- Hotel Ojos Del Rio
Exe Oriental Panamá- Ramada Panama Centro Via Argentina
- TOSCANA INN HOTEL
- Hampton by Hilton Panama
- Riande Urban Hotel
- Hotel Mio Panamá
- Hotel El Panama by Faranda Grand, a member of Radisson Individuals
- Toscana Inn
- The Executive Hotel
- Best Western Plus Panama Zen Hotel
- Holiday Inn Panama Distrito Financiero by IHG
- Ramada Plaza by Wyndham Panama Punta Pacifica
- Renaissance Panama City Hotel
- Intercontinental Miramar Panama by IHG
- Hyatt Regency Panama City
- Hotel San Felipe
- Megapolis Hotel Panama
- Residence Inn by Marriott Panama City
- JW Marriott Panama
- Hotel La Compañía Casco Antiguo
- Sofitel Legend Casco Viejo, Panama City
12 hotels match in this shortlist.
- Residencial & Hotel Palazzo
- Hotel Benidorm Panama
- Hospedium Princess Hotel Panamá
- Hotel Principe
- Hotel Caribe
- Hotel Ojos Del Rio
- TOSCANA INN HOTEL
- Ramada Panama Centro Via Argentina
- Hampton by Hilton Panama
- Exe Oriental Panamá
- Riande Urban Hotel
- Radisson Hotel Panama Canal
- Holiday Inn Panama Distrito Financiero by IHG
- Hotel El Panama by Faranda Grand, a member of Radisson Individuals
- Toscana Inn
- The Executive Hotel
- Ramada Plaza by Wyndham Panama Punta Pacifica
- Torres de Alba Hotel & Suites
- Renaissance Panama City Hotel
- Waldorf Astoria Panama
- Megapolis Hotel Panama
- Hotel San Felipe
- The Westin Panama
- Residence Inn by Marriott Panama City
- Hotel La Compañía Casco Antiguo
12 hotels match in this shortlist.
- Hotel Benidorm Panama
- Residencial & Hotel Palazzo
- Hospedium Princess Hotel Panamá
- Hotel Principe
- Hotel Caribe
- Hotel Ojos Del Rio
- Ramada Panama Centro Via Argentina
- TOSCANA INN HOTEL
- Exe Oriental Panamá
- Riande Urban Hotel
- Radisson Hotel Panama Canal
- Metro Hotel Panama
- Hampton by Hilton Panama
- Hotel El Panama by Faranda Grand, a member of Radisson Individuals
- Toscana Inn
- The Executive Hotel
- Holiday Inn Panama Distrito Financiero by IHG
- Ramada Plaza by Wyndham Panama Punta Pacifica
Hotel Las Americas Golden Tower Panamá- Renaissance Panama City Hotel
- Intercontinental Miramar Panama by IHG
- Hotel San Felipe
- Hyatt Regency Panama City
- Megapolis Hotel Panama
- JW Marriott Panama
- Hotel La Compañía Casco Antiguo
12 hotels match in this shortlist.
- Residencial & Hotel Palazzo
- Hotel Benidorm Panama
- Hospedium Princess Hotel Panamá
- Hotel Principe
- Hotel Caribe
- Hotel Ojos Del Rio
- TOSCANA INN HOTEL
- Riande Urban Hotel
- Exe Oriental Panamá
- Radisson Hotel Panama Canal
Novotel Panama City- Metro Hotel Panama
- Hotel El Panama by Faranda Grand, a member of Radisson Individuals
- Hampton by Hilton Panama
- Toscana Inn
- Best Western Plus Panama Zen Hotel
- Ramada Plaza by Wyndham Panama Punta Pacifica
- The Executive Hotel
- Renaissance Panama City Hotel
- Hotel San Felipe
- Hilton Panama
- Megapolis Hotel Panama
- Waldorf Astoria Panama
- The Westin Panama
- Hotel La Compañía Casco Antiguo
12 hotels match in this shortlist.
- Residencial & Hotel Palazzo
- Hotel Benidorm Panama
- Hospedium Princess Hotel Panamá
- Hotel Principe
- Hotel Caribe
- Hotel Ojos Del Rio
- Exe Oriental Panamá
- TOSCANA INN HOTEL
- Riande Urban Hotel
- Hotel Mio Panamá
- Novotel Panama City
- Hotel Casa Panama
- Holiday Inn Panama Distrito Financiero by IHG
- Toscana Inn
- Hampton by Hilton Panama
- Hotel El Panama by Faranda Grand, a member of Radisson Individuals
- Hotel Faranda Express Soloy and Casino, a member of Radisson Individuals
- The Executive Hotel
- Intercontinental Miramar Panama by IHG
- Renaissance Panama City Hotel
- Hyatt Regency Panama City
- Hotel San Felipe
- W Panama
- Hilton Panama
- Hotel La Compañía Casco Antiguo
Every hotel we track in Panama City
76 tracked hotels · compare locations and measured pricesChecked rate: one refundable night, 30 days ahead- Hotel Latino · 1 night measured3★$31
- HOTEL SAN THOMAS INN · 1 night measured3★$32
- Hotel Benidorm Panama · 1 night measured3★$37
- Residencial & Hotel Palazzo · 1 night measured3★$38
- Eurohotel · 1 night measured3★$40
- Hotel Terranova · 1 night measured3★$45
- Hotel Marbella · 1 night measured3★$45
- Hospedium Princess Hotel Panamá · 1 night measured4★$52
- Hotel Ojos Del Rio · 1 night measured4★$58
- Hotel Principe · 1 night measured4★$58
- Hotel Faranda Express Soloy and Casino, a member of Radisson Individuals · 1 night measured4★$59
- Innfiniti Hotel & Suites · 1 night measured3★$60
- Hotel Mio Panamá · 1 night measured4★$62
- Metro Hotel Panama · 1 night measured3★$65
- Hotel Caribe · 1 night measured3★$65
- Ramada Panama Centro Via Argentina · 1 night measured3★$65
- TOSCANA INN HOTEL · 1 night measured3★$71
- Cresta Inn · 1 night measured3★$72
- Victoria Hotel and Suites Panama · 1 night measured4★$72
- Central Park Hotel & Casino · 1 night measured4★$74
- Riande Urban Hotel · 1 night measured4★$75
- Exe Oriental Panamá · 1 night measured4★$77
- Toscana Inn · 1 night measured3★$79
- Radisson Hotel Panama Canal · 1 night measured5★$79
- Nomada Container Hotel Panama City · 1 night measured3★$81
- Hotel Coral Suites · 1 night measured4★$81
- Novotel Panama City · 1 night measured4★$81
- Holiday Inn Panama Distrito Financiero by IHG · 1 night measured3★$83
- Hotel Casa Panama · 1 night measured3★$87
- Holiday Inn Panama Canal by IHG · 1 night measured4★$89
Show the other 42 hotels
- Tryp by Wyndham Panama Centro · 1 night measured4★$89
- The Beach House · 1 night measured3★$91
- Best Western El Dorado Panama Hotel · 1 night measured3★$92
- Hampton by Hilton Panama · 1 night measured3★$94
- Albrook Inn · 1 night measured4★$94
- Hilton Garden Inn Panama City Downtown, Panama · 1 night measured4★$97
- The Executive Hotel · 1 night measured4★$102
- Ramada Plaza by Wyndham Panama Punta Pacifica · 1 night measured4★$104
- Aloft by Marriott Panama · 1 night measured5★$104
- Best Western Plus Panama Zen Hotel · 1 night measured4★$104
- Hotel El Panama by Faranda Grand, a member of Radisson Individuals · 1 night measured5★$107
- Gran Evenia Panama · 1 night measured4★$109
- Torres de Alba Hotel & Suites · 1 night measured3★$114
- Plaza Paitilla Inn Hotel · 1 night measured3★$117
- Crowne Plaza Panama by IHG · 1 night measured4★$117
- Waymore Hotel Spa & Casino · 1 night measured5★$125
- Megapolis Hotel Panama · 1 night measured5★$134
- Tantalo Hotel - Kitchen - Roofbar · 1 night measured4★$134
- Hotel Las Americas Golden Tower Panamá · 1 night measured5★$137
- AC Hotel by Marriott Panama City · 1 night measured4★$147
- Renaissance Panama City Hotel · 1 night measured5★$150
- Sheraton Grand Panama · 1 night measured5★$151
- Marriott Executive Apartments Panama City, Finisterre · 1 night measured4★$153
- Courtyard by Marriott Panama Multiplaza Mall · 1 night measured4★$159
- Marriott Panama Hotel · 1 night measured4★$161
- Hyatt Regency Panama City · 1 night measured4★$162
- Hotel Riu Plaza Panama · 1 night measured5★$172
- Bristol Panama, a Registry Collection Hotel · 1 night measured5★$184
- Hotel San Felipe · 1 night measured5★$190
- Summit Rainforest Golf Resort & All Inclusive · 1 night measured4★$200
- Central Hotel Panama Casco Viejo · 1 night measured5★$201
- The Santa Maria, a Luxury Collection Hotel & Golf Resort, Panama City · 1 night measured5★$280
- Intercontinental Miramar Panama by IHG · 1 night measured5★$286
- Residence Inn by Marriott Panama City · 1 night measured4★$295
- American Trade Hotel · 1 night measured5★$305
- Hilton Panama · 1 night measured4★$343
- Waldorf Astoria Panama · 1 night measured5★$343
- W Panama · 1 night measured5★$389
- The Westin Panama · 1 night measured5★$410
- JW Marriott Panama · 1 night measured5★$500
- Hotel La Compañía Casco Antiguo · 1 night measured5★$507
- Sofitel Legend Casco Viejo, Panama City · 1 night measured5★$581
More tracked hotels — 4
Watch Panama City
We email you when a month here gets materially cheaper. Nothing else — no digest, no weekly send.
Continue with your account, then review where and when to watch. Weekly deal emails are optional.
How we work this out
Every hotel here is priced once a week for the same stay — one refundable night, two adults — on dates spread across the next twelve months. Holding the room and the party the same is what makes a change in the answer mean something; how far ahead each date sits is the one thing we vary on purpose, because that is the question this page answers — which month to go, not how early to book. Every figure is a one-night stay as quoted, never a longer total divided down. The longer version.