Hotels in Panama City

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We use indicative prices on this page to help you choose from a large number of options. The prices on this page are indicative estimates based on searches conducted by travelers on Skyscanner, which are subject to change.
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Fast facts

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Highest-rated hotelCanova – 4.7
Cheapest month to bookSeptember
Average 4-star hotel priceC$ 3,163 per night
Average 5-star hotel priceC$ 6,570 per night
Need some inspiration on where to stay? Top rated cheap hotels in Panama City include Canova, Hotel Las Americas Golden Tower Panamá and Ramada Plaza by Wyndham Panama Punta Pacifica based on user reviews. Skyscanner hotels is a fast, free and simple way to organize your stay. In a few clicks you can easily search, compare and book your Panama City accommodation by clicking directly through to the hotel or travel agent website. No fees are added to your stay by booking with us. To get started, simply add your chosen travel dates to the search box above and let us find cheap hotel deals for you. Or alternatively, select from the hotel options above.

Finding cheap hotels in Panama City: FAQs

In Panama City, the expected average temperature in May is 28°C. The warmest month is typically May, which averages 29°C. The coolest month is October, with temperatures averaging 25°C. The rainiest month is June, and the driest month is February.
You can always cancel or amend your hotel reservation if you need to, but look out for hotels in Panama City with free cancellation or flexible booking options if you want to protect your money. Some hotels allow you to cancel and get your money back if your plans change.
Of course, the cheapest hotel deal we found within the next seven days is C$ 486 per night. If you need somewhere in the next 24 hours, we've found you somewhere to stay for C$ 535 per night.
The average price of a hotel during the week is C$ 3,349 per night, and the average price on weekends is C$ 3,299. Overall, it looks like the cheapest day to stay in Panama City could be Monday.
The nearest airport to Panama City is Panama City Paitilla Airport (PAC), which is 4.7km from the city center.

Other airports include:

Balboa Airport, which is 4.9km from the city center.
Panama City Tocumen International Airport, which is 17.9km from the city center.
We crunched some numbers on our calendar and found that Monday is the cheapest day to stay in Panama City, and the most expensive day seems to be Thursday.
The average price of a 3-star hotel in Panama City is currently around C$ 1,995 per night, and the cheapest 3-star hotel we've found is C$ 681 per night.
The average price of a 4-star hotel in Panama City is currently around C$ 3,066 per night, and the cheapest 4-star hotel we've found is C$ 1,265 per night.
The average price of a 5-star hotel in Panama City is currently around C$ 6,862 per night, and the cheapest 5-star hotel we've found is C$ 2,384 per night.
The cheapest month to stay in a hotel in Panama City is September, with an average price of C$ 2,968 per night. The most expensive month is June, when the average room rate can be up to C$ 3,747 per night. These average prices are based on all the hotels we found – from hostels to fancy 5-star hotels.
The average price of a hotel in May is C$ 3,747 per night, which is around 12% higher than the rest of the year.
If you're hitting up Panama City with kids in tow, try Hostal Gemar.