Nomadic Matt: Travel Cheaper, Longer, Better

Panama Travel Tips

Last Updated: September 1, 2023

tropical palm trees and beaches in Panama

Its importance in global trade has helped the country proper (it’s one of the most developed in the region). And in recent years, Panama has also become a major tourist destination as flights from the US have become increasingly affordable and more Americans begin to retire here.

Most travelers visit Panama either at the end or the beginning of their journey through Central America here and stick to the well-worn tourist trail of Bocas del Toro, Boquete , the San Blas islands, and Panama City but, if you head to some of the lesser-known destinations, you’ll be rewarded with better food, amazing scenery free of tourists, and lower prices.

Panama is a beautiful country with an up and coming food scene (finally because, honestly, the food here is a bit bland) that I would say you need longer than you think to explore!

This travel guide to Panama can help you plan the perfect trip there without breaking the bank.

Table of Contents

  • Things to See and Do
  • Typical Costs
  • Suggested Budget
  • Money-Saving Tips
  • Where to Stay
  • How to Get Around
  • How to Stay Safe
  • Best Places to Book Your Trip
  • Related Blogs on Panama

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Top 5 things to see and do in panama.

traffic and city skyline views in Panama City

1. See the Panama Canal

Opened in 1914, the Panama Canal is one of the 7 Wonders of the Modern World and sees around 13,000-14,000 ships cross between the Pacific Ocean and the Caribbean each year. The Canal is 80 kilometers (50 miles) long and raises ships an impressive 27 meters (85 feet) using a complex lock system. It took a decade to create, relying on the labor of over 40,000 people — and over 5,000 of them died in the process. The Miraflores Locks are the easiest to reach from Panama City. Admission is $20 USD, and this includes the exhibitions at the visitor center as well as seeing the ships pass through from the observation deck.

2. Hang out in Bocas del Toro

Bocas is Panama’s most popular backpacker destination, combining a laid-back Caribbean attitude with the pristine natural setting of jungles, forests, and mangroves. Surfing is extremely popular here and there are always water taxis to take you to secluded coves, beaches, and the best snorkeling spots. This area is made up of three main islands: Isla Colon, Isla Bastimentos, and Isla Carenero. Bastimentos is calm and there are fewer people here so it’s a nice place to chill out away from it all. This area is also home to the Ngäbe and Naso Tjerdi indigenous cultures.

3. Relax in Boquete

Boquete is a laid-back village located in the mountainous region of the Chiriquí Highlands. There are several coffee plantations nearby, the ‘Mi Jardin es Su Jardin’ private garden, and several hiking trails of varying difficulty should you need to stretch your legs. This is a wonderful place to hike, bird watch, try some of the delicious regional coffee, and enjoy nature. One of the highlights here is the Volcán Barú volcano, where you can hike or take a 4X4 jeep tour up to the summit to catch the sunrise. The views are truly spectacular and you can enjoy panoramas of both the Atlantic and Pacific Coasts at the same time.

4. Sail the San Blas islands

This collection of 378 islands is a popular spot for sailing and boat tours (there are lots of resorts here too). These mostly uninhabited islands are under control of the Guna indigenous people and are still very rustic (no Wi-Fi, limited electricity), allowing them to maintain their raw beauty for ecotourism. The lodging there is made up of simple huts, hammocks, and tents. You can also opt to do a sailing tour around the area and stay on a boat. Most 3-day/2-night sailing tours cost around $285 USD, including food, while a 4-day sailing trip costs $559 USD. You can also visit on a day trip if you’re short on time

5. Tour a coffee plantation

Other things to see and do in panama, 1. check out the ruins of panama viejo.

Founded in 1519 by Spanish conquistador Pedro Arias de Ávila, Panama Viejo (“Old Panama”) was once the country’s capital. It was one of the Pacific coast’s busiest Spanish trading towns until it was destroyed by Captain Henry Morgan in 1671. The remaining ruins are spread out over 57 acres and include the original cathedral (you can climb the bell tower for an amazing panoramic view), a hospital, and churches and convents. Because of it is historic significance, in 1997 it was declared a UNESCO World Heritage Site together with Panama City’s historic Casco Viejo neighborhood. Admission is $15 USD for adults and $2 USD for kids. It’s only a 10-minute drive or 30-minute bus ride from Panama City.

2. Bike along Amador Causeway in Panama City

This 6-kilometer (4-mile) causeway is made from the excavated rocks of the Panama Canal and links Panama City with three islands: Flamenco, Naos, and Perico. It’s an easy ride and you’ll have a view across the canal on one side and the city skyline on the other. There are plenty of restaurants to stop at along the way too. You can rent bikes on the causeway; expect to pay $10-20 USD for a rental.

3. Take the Panama Canal Railway

The Panama Canal Railway connects Panama City with Colón and runs from the Pacific Ocean to the Atlantic Ocean with this scenic 76-kilometer (47-mile) route. The train is an old-fashioned locomotive complete with an observation car that offers views of the canal, Gutan Lake, and the passing rainforests. The three-hour round-trip journey costs $50 USD ($30 USD for children aged 2-12).

4. Visit Portobelo

Christopher Columbus named this settlement Puerto Bello or “Beautiful Harbor” when he arrived there in 1502. Over time, it was shortened to Portobelo . The settlement became an important town at the northern end of the Gold Road, and its 18th-century fortifications were built by the Spanish to protect their gold from pirates. You can still see the original canon battery and the crumbling ruins of the fort. Portobelo is also a good launching point for sailing trips to San Blas. The cuisine in Portobelo has a lot of African influences as well, including curries, coconut, seafood, and fragrant spices (head to Casa Congo for an authentic taste of Congolese food).

5. Hit the beach in Pedasi

Located on the Pacific side, this town is located five hours from Panama City and is known for its surfing. Though it has become a haven for expats in recent years, it’s still not really “on” the tourist trail. Not a lot of people go here and you’ll have the beaches mostly to yourself. The water is warm and you can find surf lessons at Shokogi Surf School starting from about $40 USD for one hour for a private lesson and $30 for a group class in Playa Venao. This is also a prime spot to see humpback whales from May-November.

6. Hike in the rainforest parks

Parque Metropolitano is a rainforest in the center of the city, a short 15-minute walk from the Albrook Shopping Center. Admission is only $4 USD and, if you hike up to the top of Cedar Hill, you’ll have fantastic views over the city. Keep an eye out for sloths, toucans, hummingbirds, pacas, monkeys, and anteaters. Parque Soberania (admission $5 USD) stretches along the shores of the Panama Canal and is the most easily accessible rainforest from Panama City. This park is a bird watchers’ paradise, with over 500 different species. The ride from Panama City takes 25 mins. Parque Chagres (also $5 USD) is a bit further away (it’s about 65 kilometers/40 miles north of Panama City) but worth the trip for the variety of wildlife: 114 mammal species (including big cats), 96 species of reptiles and 396 species of birds!

7. Spot wildlife at Volcan Baru

Volcan Baru is the only volcano in Panama, and, at 11,500 feet, also the highest point in the country. The lower slopes are home to dozens of coffee plantations, while the higher ground is part of the Volcan Baru National Park. Bring your camera as the rainforest here is a good place to spot the colorful Resplendent Quetzal, which is considered one of the most beautiful birds in the world for its bright coloring. Expect to pay around $75-85 USD for a guided hike. For $120-150 USD, you can take a bumpy 4×4 ride up to the summit at the crack of dawn to see the sunrise. You can also hike the volcano independently.

8. Surf in Santa Catalina

Santa Catalina, located on Panama’s Pacific Coast, a six-hour drive west of Panama City, is a hotspot with the surfing community. Only 300 people live in this town on the Pacific coast, so don’t come here expecting fancy resorts or high-end dining. This is the place to be if you want to catch some fantastic waves and relax on some sandy beaches. If you want to learn how to surf, check out the surf camps where you can pay $225 for two-day camps and that includes accommodation, food, surfboard rentals, and lessons. For private lessons, expect to pay around $40 USD for a two-hour class.

9. Canoe to Embera Indian Village

To get to this village, which is located inside Chagres National Park, you’ll need to paddle up the Chagres river in a dugout canoe and then walk through a rainforest, giving you the chance to really immerse yourself in the surrounding nature. When you finally meet the Embera tribe you’ll be offered traditional food, music, and dancing followed by the chance to buy the tribe’s handicrafts or go for a swim under a waterfall. Day tours from Panama City cost between $85-175 USD per person, depending on how many people are going.

10. Explore Casco Viejo

Casco Viejo (“Old Quarter”) is the historic district of Panama City and the oldest city in all of the Americas. These days, the city’s red-bricked streets are lined with restaurants, cafes and bars, though the Spanish-colonial style architecture makes Casco Viejo feel worlds apart from the glitzy skyscrapers of the newer parts of Panama City. There’s a coastal fortification walk, churches, and cute little squares to admire. It’s a popular place to stay and eat in and watch the sunset from one of the many rooftop bars. Head to Mercado de Mariscos (the fish market) for a $3 USD cup of ceviche (a dish of diced fish that has been cured in lemon juice, with onions, peppers, and spices).

  For more information on specific cities in Panama, check out these guides:

  • Boquete Travel Guide
  • Panama City Travel Guide

Panama Travel Costs

along the river in Boquete

Note: Panama uses both the Panamanian Balboa (PAB) and US Dollars. Even though the PAB still exists, US Dollars predominate in day-to-day use (you’d be hard pressed to even find Balboas when visiting Panama).

Also, be advised that ATMs can be found in all larger towns and in touristy areas like Bocas del Toro, but if you’re planning to venture off the beaten path, check beforehand if there’s an ATM, or take out enough cash in advance. The San Blas Islands, for example, do not have any ATMs. Be aware that in most of Panama outside the capital, cash is king, and credit cards aren’t accepted in a lot of places.

Accommodation – Accommodation is cheap in Panama with a night in a hostel dorm costing $12-30 USD for a 6-8-bed dorm. A 10-bed dorm is usually around $10 USD. Private rooms range from $25-45 USD per night. All hostels offer free Wi-Fi and some include free breakfast.

Prices don’t really fluctuate much in the off-season – you might end up paying $1-2 USD less per night, but it isn’t significant.

Camping is available around the country at $5-10 USD per night for a basic plot for a tent without electricity.

Budget two-star hotels start around $30 USD per night. For a 3-star hotel or higher, expect to pay at least $65-80 USD per night. In the off-season, prices drop $5-10 USD per night.

Airbnb is available around the country, with an entire home or apartment starting at $50 USD per night (but average double that price or more). Private rooms start at $20 USD per night but usually average triple that price. Book in advance for the best deals.

Food – Panamanian cuisine features rice, black beans, yuca (a starchy vegetable similar to the potato), plantains, beef, chicken, and seafood. Common dishes include empanadas, chicken and rice, fried fish, and ceviche (a raw fish dish with lemon).

Local food-stall meals cost around $3-5 USD and get you chicken, rice, and beans. In a specialty coffee shop, you’ll pay between $3.50-5 USD for a coffee in Panama City, and between $2-4 USD in Boquete. Fish markets anywhere in the country usually have freshly-caught lunches for around $6 USD.

Breakfast is around $5 USD in a sit-down restaurant while a sandwich in a restaurant with table service averages $6-9 USD. Restaurants with table service generally cost around $10 per meal but remember to avoid restaurants with English menus as they’re usually more expensive.

For a nice meal with wine, expect to pay around $40 USD for 2-3 courses. A pint of domestic beer at a bar costs around $2.50 USD.

If you want to cook for yourself, expect to pay between $35-50 USD for a week’s worth of groceries including staples like fruit, veggies, rice, beans, and some meat.

Backpacking Panama Suggested Budgets

If you’re backpacking around Panama City, expect to spend about $45 USD per day. This includes staying in a hostel dorm, limiting your drinking, cooking your meals, using public transportation to get around, and doing mostly free and cheap activities like hiking and wandering the Old Town.

On a mid-range budget of around $150 USD per day, you can stay in a private Airbnb, enjoy a few drinks, eat out for a few meals, take the occasional taxi, and do some paid activities like visiting the canal.

On a “luxury” budget of $220 USD per day or more, you can stay in a hotel, eat out for all your meals, drink more, take more taxis, and do whatever tours and activities you want. This is just the ground floor for luxury though. The sky is the limit!

You can use the chart below to get some idea of how much you need to budget daily, depending on your travel style. Keep in mind these are daily averages — some days you’ll spend more, some days you’ll spend less (you might spend less every day). We just want to give you a general idea of how to make your budget. Prices are in USD.

Panama Travel Guide: Money-Saving Tips

Panama isn’t hugely expensive but it is more expensive than other countries in the region so you’ll have to work a little to save money here. Here are some of the best ways to save money in Panama:

  • Travel off-season – Traveling is cheaper during the rainy season, between April and November. Most tourists visit Panama between December and April – that’s when hotel prices go up, especially in popular destinations like Bocas del Toro.
  • Eat at the local food stands – Meals at local food stalls cost between $4-5 USD. You’ll get rice, chicken, beans, and a drink. I didn’t love the food in Panama (it’s quite greasy) but at those prices, it made eating very cheap.
  • Avoid taxis – I found taxis here to be a complete rip-off. As my friend JP says, “You get Gringoed.” They were also far more unwilling to negotiate. I’d try to avoid them if possible.
  • Refill your water – In most of the country, you can drink the tap water. There’s no need to always buy new water bottles so save yourself a few dollars a day and fill up from the tap. The only places you can’t drink from the tap are the islands (including Bocas del Toro). To ensure your water is safe, use a LifeStraw water filter .
  • Stick to beer – Beer is much cheaper than cocktails so stick to beer if you go out drinking. It’s much cheaper!
  • Carry small change – Most taxis and small shops won’t accept larger bills for small purchases so make sure you carry change.
  • Embrace the bus! – Long-distance buses in Panama are a few steps above the infamous “chicken buses” so often found here in Central and South America. While a far cry from luxurious, they are good enough for long-distance journeys if you’re on a budget (there are still plenty of chicken buses though if you want to give them a try!).
  • Stay with a local – There are tons of hosts (and lots of community events) in the larger cities of Panama, making this a great country to Couchsurf in. Pick up some tips and save some money by staying with a local!
  • Barter hard – If you’re hopping ferries around Bocas del Toro make sure you barter hard. Much like the taxis in the city, you’ll likely be charged more than the locals so barter hard and make sure you know what you should be paying.

Where to Stay in Panama

Panama has plenty of fun and social hostels to stay at. Here are some of my suggested places to stay:

  • Hostal Casa Areka (Panama City)
  • Magnolia Inn Casco Viejo (Panama City)
  • El Machio (Panama City)
  • Bambuda Castle (Boquete)
  • Spanish By the River (Boquete)
  • Bambuda Lodge (Bocas del Toro)

How to Get Around Panama

A boat along the beautiful shores of the San Blas Islands in Panama

Long-distance buses are usually modern and air-conditioned, and night buses exist for longer journeys (like Panama City to Bocas del Toro). There is no online ticket booking system in Panama, you just show up at the bus station and buy your ticket at the counter.

For most routes, you can buy same-day tickets, but for night buses and longer journeys, it is recommended to buy your ticket a day in advance. Expect very basic buses in the smaller towns around the country – you’ll be riding Diablos Rojos (“Red Devils”): old repurposed American school buses that are colorfully painted.

There are two companies that offer services from Panama City all the way to Costa Rica: Expreso Panama and Tica Bus. Their ticket offices are inside the main bus station in Panama City which is inside the Albrook Mall.

Train – Train travel doesn’t exist in Panama. The Panama Canal Railway operates one train between Ciudad Panama and Colon on weekdays and that’s it.

Flying – Air travel is possible within Panama but is not recommended. The most common domestic connection is between Panama City and Bocas del Toro. The 1-hr flight is between $130-$145 USD. You can also fly from Panama City to David (near Boquete), Pedasi, Chitre, the San Blas Islands and the Pearl Islands. The 1-hr flight from Panama City to David costs $134 USD, vs. a 6-hr bus ride for only $9 USD.

If you’re on a budget, I wouldn’t recommend flying.

Car Rental – It is safe to drive in Panama, but be aware that rental agencies are scarce outside Panama City. Rentals cost around $15-20 USD per day. Websites like Expedia often advertise car rentals from $1 USD per day, but be aware that rental agencies charge additional fees and insurance. Most rental agencies require drivers to be at least 25, though some will accept drivers at 21 if they have a credit card.

For the best car rental prices, use Discover Cars .

When to Go to Panama

Panama has a short dry season between December and April, which is when you’ll get to enjoy clear blue skies. That said, Panama is less than 9 degrees north of the equator, which means temperatures are consistent year-round. The lowland regions are always hot and humid, but the highlands (Boquete, El Valle, Cerro Punta) can give you a bit of retreat from the heat – at least at night when it is a little cooler there.

Daytime temperatures in Panama average 30-33°C (86-91°F), and nighttime temperatures are around 21-23°C (69-73°F).

The rainy season lasts from May to December, but keep in mind that it usually only rains from late afternoon into the night. That means mornings and early afternoons can still be enjoyed. The rainiest month is November. If you visit during the rainy season, pack a rain jacket and avoid the highlands.

You never really have to avoid peak-season crowds in Panama; it’s never very crowded here, aside from certain areas (like Panama City) where cruise ships dock and crowds flood the streets for a few hours each day.

How to Stay Safe in Panama

Like neighboring Costa Rica, Panama is one of the safest countries for traveling and backpacking in Central America . That said, you’ll still want to be vigilant for petty crime.

Petty theft (including bag snatching) is one of the most common types of crime in Central America and it happens a lot in parts of Panama City as well as Colon. Always be vigilant and make sure your bag is properly worn and never left unattended.

The only city in Panama that is considered dangerous is Colon. Colon has the highest homicide rate of any municipality in Panama and you don’t want to wander after dark. Panama City, Herrera, and Chiriqui also have higher petty crime rates than elsewhere in the country so keep your valuables secure and do your best to fit in.

Some neighborhoods in Panama City can be a bit sketchy, including Curundu, El Chorrillo (which surrounds the neighborhood of Casco Viejo) and El Marañón. Avoid these areas after dark and don’t flash valuables like your phone or expensive jewelry.

Solo female travelers should generally feel safe here, However, the standard precautions apply (never leave your drink unattended at the bar, never walk home alone intoxicated, etc.).

The Darien Gap, the border region between Panama and Colombia, is considered extremely dangerous due to Colombian rebel groups and drug traffickers who operate there, but it isn’t really on travelers’ itineraries so it’s unlikely you’ll be anywhere near that but, if you are, keep a watchful eye out.

Don’t carry more cash on you than you’re planning to spend, and leave your passport and credit cards in your hotel room/hostel. Make copies of your personal documents, including your passport and ID.

Keep an eye out for common scams against tourists , such as fake ATMs, taxis that don’t use a meter, and questionable tour operators.

If you experience an emergency, dial 911.

The most important piece of advice I can offer is to purchase good travel insurance. Travel insurance will protect you against illness, injury, theft, and cancellations. It’s comprehensive protection in case anything goes wrong. I never go on a trip without it as I’ve had to use it many times in the past.

Panama Travel Guide: The Best Booking Resources

These are my favorite companies to use when I travel. They consistently have the best deals, offer world-class customer service and great value, and overall, are better than their competitors. They are the companies I use the most and are always the starting point in my search for travel deals.

  • Skyscanner – Skyscanner is my favorite flight search engine. They search small websites and budget airlines that larger search sites tend to miss. They are hands down the number one place to start.
  • Hostelworld – This is the best hostel accommodation site out there with the largest inventory, best search interface, and widest availability.
  • Booking.com – The best all around booking site that constantly provides the cheapest and lowest rates. They have the widest selection of budget accommodation. In all my tests, they’ve always had the cheapest rates out of all the booking websites.
  • Get Your Guide – Get Your Guide is a huge online marketplace for tours and excursions. They have tons of tour options available in cities all around the world, including everything from cooking classes, walking tours, street art lessons, and more!
  • SafetyWing – Safety Wing offers convenient and affordable plans tailored to digital nomads and long-term travelers. They have cheap monthly plans, great customer service, and an easy-to-use claims process that makes it perfect for those on the road.
  • LifeStraw – My go-to company for reusable water bottles with built-in filters so you can ensure your drinking water is always clean and safe.
  • Unbound Merino – They make lightweight, durable, easy-to-clean travel clothing.
  • Top Travel Credit Cards – Points are the best way to cut down travel expenses. Here’s my favorite point earning credit cards so you can get free travel!

Panama Travel Guide: Related Articles

Want more info? Check out all the articles I’ve written on backpacking/traveling Central America and continue planning your trip:

Do You Need Travel Insurance for Costa Rica?

Do You Need Travel Insurance for Costa Rica?

The Best Tour Companies in Costa Rica

The Best Tour Companies in Costa Rica

The 6 Best Hostels in Panama City, Panama

The 6 Best Hostels in Panama City, Panama

Is Belize Safe to Visit?

Is Belize Safe to Visit?

Is Central America Safe to Visit?

Is Central America Safe to Visit?

How to Get Around Central America on a Budget

How to Get Around Central America on a Budget

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panama daily travel costs

Costs and Budget for Traveling in Panama

Food and drink costs in panama, transportation costs in panama, costs for tours and activities, costs for hostels and hotels in panama, average daily budget in panama.

When traveling through Panama, it’s important to know the costs and have an idea of what kind of budget you’ll need. Panama is not a super cheap travel destination, but how much you’ll need to budget depends entirely on your travel style. If you’re mindful of your spending, it doesn’t have to be too expensive. To give you an idea of the costs, we’ve provided an overview of prices in Panama below, so you can determine the budget you’ll need for your trip.

panama daily travel costs

In Panama, you pay with the US dollar. Both restaurant food and supermarket groceries are not very cheap in Panama. If you eat out, expect to pay around $8 to $17 per person, depending on the restaurant. Cooking your own meals is the most cost-effective option. Almost every hostel has a shared kitchen where many people prepare their meals. By making your own breakfast and lunch, you can save a lot of money. You can also save money on drinking water. A 1.5-liter bottle of water costs around $1.70. In some places, you can refill your bottle for $0.25. If this option is not available, the cheapest option is to buy the largest bottle you can and use it to refill your own bottle each time you go out.

panama daily travel costs

In general, buses and roads in Panama are good. The cheapest way to travel is by bus. A trip from Panama City to Boquete takes about 9 hours and costs around $30-$35. With the bus, you can get anywhere in Panama, but sometimes the connections are not very convenient, and you may have to transfer buses several times. For this reason, there are shuttle buses that travel directly between popular destinations. These are much more expensive than regular buses. Depending on your bargaining skills, a 10-minute taxi ride costs around $3 to $5. If you have a bit more budget and want to travel comfortably through Panama, renting a car for part of your trip is very nice. This way, you can visit places that are less accessible by bus. It’s a fun way to travel and saves you a lot of hassle and travel time. Renting a car in Panama starts at around $50 per day, including full insurance. Interested? Read these tips for renting and driving a car in Panama .

panama daily travel costs

Tours and activities come in all shapes and sizes, so the costs vary considerably. Half-day tours cost around $34 to $50, and full-day tours cost around $78 to $101. It depends entirely on what type of tour it is. A day trip to Coiba National Park in Santa Catalina costs around $80 to $110. Island hopping is much more affordable in Bocas del Toro . In Santa Catalina, horseback riding costs around $45 per hour, and you can rent a surfboard for half a day for $11. In Panama, you can do many hikes on your own, so there will be no costs for that. Only in Boquete did we hire a guide for the El Pianista Trail .

panama daily travel costs

When sleeping in a basic hostel or hotel, a private room costs around $30 to $40, and if you choose a dormitory, you’ll spend around $15 to $20. If you prefer to stay in a more comfortable hostel or hotel with more amenities such as a pool, a private room will cost you between $45 to $65, and a dormitory between $20 and $25. Prices depend on what the hostel or hotel has to offer, the season, and how far in advance you book. Of course, the better the hotel, the higher the prices. In the high season, during the winter months, the prices of good hotels can quickly rise if you don’t book in time. We’ve made a list of the most fun hostels and hotels in Panama per destination. These are all great places where you’ll meet many other travelers and have a guaranteed good time. Check out our tips for the best hostels and hotels in Panama .

panama daily travel costs

The cost of a trip to Panama depends on your travel style. If you cook for yourself regularly, stay in hostels, and don’t do too many tours, you can travel comfortably for around $50 per day. If you do a bit more, stay in more luxurious accommodations, and eat out more often, a realistic daily budget would be around $70. If you’re not too concerned about money and like to stay in upscale hotels, costs can quickly rise to $85 per day or more. Traveling in Panama can be done in many different ways, and the cost of your trip is entirely up to you.

panama daily travel costs

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panama daily travel costs

About the author

Hi! I'm Wendy As a photographer with a passion for travel, I’m always on the lookout for moments that take your breath away. Since I was a child I’ve loved exploring, and now I’m constantly seeking out extraordinary landscapes, charming restaurants, and thrilling activities. For me, the joy of travel lies in the little things — the small but meaningful moments that make you feel alive and grateful.

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The Cost Of Traveling Panama: Budgets, Ways To Save, & More

Published: November 10, 2023

Modified: December 28, 2023

by Lesly Slavin

  • Budget Travel
  • Travel Guide

the-cost-of-traveling-panama-budgets-ways-to-save-more

Introduction

Are you dreaming of exploring the vibrant culture, stunning natural beauty, and rich history of Panama? Before packing your bags, it’s important to have a solid understanding of the costs associated with traveling in this captivating Central American country. From accommodation and transportation to food and activities, being aware of the average expenses will help you plan your budget accordingly and make the most of your time in Panama.

Panama offers a diverse range of experiences, from exploring the historic streets of Panama City to relaxing on picturesque beaches and trekking through lush rainforests. Whether you’re on a shoestring budget or can afford to splurge a little, there are options to suit every traveler’s needs.

In this article, we will delve into the average costs of traveling in Panama, including accommodation, transportation, food and drink, and sightseeing and activities. We’ll also share money-saving tips to help you stretch your budget further and provide sample budgets for different types of travelers.

By understanding the costs and having a clear budget in mind, you can make informed decisions and plan an unforgettable trip to Panama without breaking the bank.

Average Costs of Traveling Panama

When it comes to budgeting for your trip to Panama, it’s important to have a rough estimate of the average costs you can expect. Keep in mind that these prices can vary depending on the season, location, and your personal preferences.

Accommodation: The cost of accommodation in Panama can range from budget-friendly options to luxurious resorts. On average, you can expect to pay around $30-50 USD per night for a mid-range hotel or hostel in popular tourist destinations. If you’re looking for more upscale accommodations, prices can go up to $100 USD or more per night.

Transportation: Getting around Panama is relatively affordable. Public transportation options such as buses are a popular and inexpensive way to travel between cities and towns. The cost of a bus ticket can range from $1-10 USD, depending on the distance. Taxis are also widely available, with fares starting at around $3 USD for short trips.

Food and Drink: Panama offers a diverse culinary scene, with a range of options to suit all budgets. If you stick to local eateries and street food stalls, you can enjoy a delicious meal for around $5-10 USD. Dining at mid-range restaurants will cost you roughly $15-25 USD per person. Keep in mind that prices may be higher in touristy areas.

Sightseeing and Activities: Exploring the natural wonders and cultural sites of Panama is a must. Entrance fees to national parks and attractions can vary, but on average, expect to pay around $10-20 USD per person. Guided tours and adventure activities like zip-lining or boat trips may have higher price tags, ranging from $30-100 USD depending on the activity and duration.

It’s worth noting that Panama uses the US dollar as its official currency, which means you won’t have to worry about currency exchange rates.

Keep in mind that these are just average costs, and your actual expenses may vary based on your travel style and preferences. It’s always a good idea to research specific destinations, check prices online, and consider any additional costs such as travel insurance or souvenirs.

Accommodation Options and Prices

When it comes to finding a place to stay in Panama, you’ll have a variety of options to choose from. Whether you’re a budget traveler looking for affordable hostels or a luxury seeker in search of high-end hotels, Panama has something to cater to every traveler’s needs.

Hostels: Hostels are a great option for budget travelers and those looking to meet fellow travelers. Prices for dormitory-style rooms in hostels can range from $10-20 USD per night, depending on the location and facilities offered. Many hostels also have private rooms available, which offer more privacy at a slightly higher cost.

Mid-Range Hotels: If you prefer more comfort and privacy, mid-range hotels are a popular choice. These hotels typically offer clean and comfortable rooms with amenities such as air conditioning, Wi-Fi, and private bathrooms. Prices for mid-range hotels in popular tourist areas can range from $30-50 USD per night.

Luxury Resorts: For those seeking a luxurious experience in Panama, there are several high-end resorts and boutique hotels to choose from. These accommodations offer top-notch facilities, stunning views, and impeccable service. Prices for luxury resorts can range from $100 USD upwards per night.

In addition to traditional accommodation options, Panama also offers unique and alternative lodging experiences. You can find eco-lodges nestled in the rainforest, beachfront bungalows, and even accommodations in indigenous villages, allowing you to immerse yourself in local culture and nature.

When researching and booking accommodation, it’s important to consider factors such as location, amenities, and reviews. Booking platforms like Booking.com, Airbnb, and Hostelworld are popular choices for finding and comparing accommodation options in Panama.

It’s also worth noting that prices can fluctuate depending on the time of year and demand. During peak tourist seasons, prices for accommodation may be higher, so it’s advisable to book in advance to secure the best deals.

Overall, Panama offers a wide range of accommodation options to suit various budgets and preferences. Whether you’re looking to save money or indulge in luxury, you’ll find plenty of choices to make your stay in Panama comfortable and enjoyable.

Transportation Costs in Panama

Getting around in Panama is relatively easy and affordable, thanks to the country’s well-developed transportation system. Whether you’re exploring the bustling cities or venturing into the picturesque countryside, you’ll find various transportation options to suit your needs.

Public Buses: Public buses are the most common and economical mode of transportation in Panama. You can find buses that connect major cities, towns, and even remote areas. The cost of a bus ticket can vary depending on the distance, but on average, you can expect to pay around $1-10 USD. The buses are generally comfortable and equipped with air conditioning, making them a popular choice for budget-conscious travelers.

Taxis: Taxis are readily available in Panama and are a convenient way to get around, especially for short distances or when you have luggage. Taxis typically have a starting fare of about $3 USD, with additional charges based on the distance traveled. It’s important to negotiate the fare or ask the driver to turn on the meter at the beginning of the ride to avoid any confusion or overcharging.

Metro: Panama City has a modern metro system, which is a fast and efficient way to navigate the city. The metro network connects various areas of the city, including popular tourist spots. Each metro ride costs just $0.35 USD, making it an affordable option for getting around the capital.

Rental Cars: If you prefer more independence and flexibility, renting a car is a viable option in Panama. Renting a car allows you to explore remote areas at your own pace. Prices for rental cars vary depending on the vehicle type, rental duration, and insurance. It’s advisable to book in advance and compare prices from different rental companies to secure the best deal.

Domestic Flights: If you’re planning to cover long distances or visit the remote islands of San Blas or Bocas del Toro, domestic flights are a convenient option. Domestic flights in Panama are relatively affordable, and prices can vary depending on the destination and time of booking. Airlines like Air Panama and Copa Airlines offer regular domestic flight services across the country.

When traveling within cities or tourist areas, walking or cycling can also be enjoyable options, providing you with the opportunity to explore at a slower pace and take in the surroundings.

It’s important to factor in transportation costs when budgeting for your trip to Panama. If you plan to rely on public transportation and choose budget-friendly options, you can save significantly on transportation expenses while still enjoying all that Panama has to offer.

Food and Drink Expenses

One of the great joys of traveling in Panama is indulging in the delicious and diverse local cuisine. From delectable street food to upscale dining, the country offers a wide range of options to tantalize your taste buds. When it comes to food and drink expenses, Panama caters to various budgets and culinary preferences.

Local Eateries and Street Food: For budget travelers or those looking for an authentic local experience, exploring local eateries and street food stalls is a must. You can find traditional Panamanian dishes such as empanadas, ceviche, and hearty rice and bean-based meals at affordable prices. Meals at local eateries typically range from $5-10 USD per person, making them a great option for inexpensive and delicious dining.

Mid-Range Restaurants: If you’re looking for a more diverse dining experience or craving international cuisine, mid-range restaurants are a great choice. These establishments offer a range of options, including seafood, grilled meats, pasta, and more. Prices at mid-range restaurants can range from $15-25 USD per person, depending on the location and menu selection.

Upscale Dining: For those seeking a culinary adventure or celebrating a special occasion, Panama offers a variety of upscale dining options. Fine-dining restaurants, rooftop bars, and waterfront establishments offer exquisite meals with stunning views and impeccable service. Prices at upscale restaurants can start from $25 USD per person and can vary significantly based on the venue and menu.

In addition to meals, it’s important to budget for drinks as well. Panamanian beers, such as Balboa and Atlas, are popular and affordable choices, with prices ranging from $1-3 USD per bottle. Imported beers and cocktails in bars and upscale establishments can cost slightly more. It’s worth noting that happy hours and drink specials are common, offering discounts on selected beverages during certain times of the day.

When it comes to budgeting for food and drinks, it’s helpful to keep a few tips in mind. Check out local markets and supermarkets for fresh produce and snacks, which can help lower your food expenses. Additionally, trying local street food is not only a pocket-friendly option but also a great way to immerse yourself in the vibrant culture of Panama.

Remember, prices can vary depending on the location and type of establishment. Popular tourist areas and upscale dining venues may have higher prices compared to local neighborhoods. By exploring a range of dining options and being mindful of your budget, you can savor the flavors of Panama without breaking the bank.

Sightseeing and Activities Costs

Panama is a treasure trove of natural wonders, cultural landmarks, and exciting activities. From exploring the Panama Canal and historic sites to venturing into lush rainforests and relaxing on stunning beaches, there is something for everyone. However, it’s important to consider the costs associated with sightseeing and activities when planning your trip to Panama.

National Parks and Attractions: Panama boasts several national parks and natural reserves that showcase the country’s biodiversity. Entrance fees for national parks can range from $10-20 USD per person, depending on the location and facilities. Popular attractions, such as the Miraflores Locks at the Panama Canal or historical sites like Casco Viejo, may have separate admission fees. It’s advisable to research and plan your visits in advance to understand any additional costs.

Guided Tours: For a more immersive experience, guided tours are a popular choice in Panama. Whether it’s a city tour, a hike through the rainforest, or a boat trip to explore the archipelagos, guided tours offer insights and knowledge about the destinations. Prices for guided tours can vary depending on the duration, activities included, and group size. On average, expect to pay around $30-100 USD per person for guided tours.

Water Activities: With its stunning coastline and crystal-clear waters, Panama offers a plethora of water activities. Snorkeling, diving, kayaking, and boat tours are popular options for exploring the marine life and picturesque islands. Prices for water activities can range from $30-100 USD, depending on the duration, equipment provided, and the level of expertise required.

Cultural Experiences: Immerse yourself in Panama’s rich cultural heritage by participating in cultural experiences and workshops. Learn traditional dance, visit indigenous communities, or take part in local cooking classes. Prices for cultural experiences can vary depending on the activity and duration, ranging from $20-50 USD per person.

It’s important to note that some activities and attractions may offer discounted rates for students, seniors, or group bookings. It’s advisable to inquire about any available discounts when planning your visits.

When budgeting for sightseeing and activities, it’s important to prioritize your interests and allocate funds accordingly. Researching and comparing prices for tours and activities can help you find the best deals and make the most of your budget. Remember to plan your itinerary wisely to ensure you have enough time for each activity and to avoid any last-minute rush.

Exploring the sights and engaging in activities is an integral part of experiencing Panama’s beauty and culture. By considering the costs associated with sightseeing and activities, you can plan and budget effectively to make the most of your time in this captivating country.

Money-Saving Tips for Traveling Panama

Traveling in Panama doesn’t have to break the bank. With a few savvy strategies, you can make your budget stretch further and save money while still enjoying all that this beautiful country has to offer. Here are some money-saving tips to help you make the most of your trip:

  • Eat like a local: One of the best ways to save money on food is to eat at local eateries and street food stalls. Not only is the food delicious, but it’s also budget-friendly. Explore the local markets and try traditional dishes, such as ceviche or empanadas, for an authentic taste of Panama without splurging.
  • Stay in budget accommodations: Panama offers a range of affordable accommodation options, from budget-friendly hostels to guesthouses and mid-range hotels. Consider staying in cheaper areas or exploring alternative lodging options like eco-lodges or homestays to save on accommodation costs.
  • Use public transportation: Public buses are a cost-effective way to get around Panama. They are affordable and well-connected, making them a convenient option for exploring cities and towns. Taxis can add up quickly, so reserve them for shorter distances or when you have luggage.
  • Avoid peak tourist seasons: Prices for flights, accommodation, and attractions tend to be higher during peak tourist seasons. Consider traveling during shoulder seasons or off-peak times to take advantage of lower prices and fewer crowds.
  • Plan and book in advance: Research and book activities, tours, and accommodation in advance to secure the best deals. Many attractions offer discounted rates for online bookings, and booking early can help you avoid last-minute price increases.
  • Carry a reusable water bottle: Instead of buying bottled water, carry a reusable water bottle and refill it throughout the day. Panama has clean and safe tap water, so you can save money and reduce plastic waste by using a refillable bottle.
  • Take advantage of free activities: Panama offers many free or low-cost activities that allow you to experience the country’s beauty and culture without spending a fortune. Explore local parks, visit free museums, or simply take a stroll along the waterfront to enjoy the scenery.
  • Be mindful of your spending: Set a daily budget and track your expenses to ensure you stay within your limits. Resist the temptation to make impulsive purchases and consider the value and necessity of each expenditure.

By implementing these money-saving tips, you can make your trip to Panama more affordable without compromising on unforgettable experiences. Remember to strike a balance between sticking to your budget and allowing yourself to indulge in some of Panama’s unique offerings.

Sample Budgets for Different Types of Travelers

Here are some sample budgets to give you an idea of the average daily expenses for different types of travelers in Panama. Keep in mind that these budgets are estimates and can vary depending on your travel style, preferences, and the season in which you visit:

  • Budget Traveler: For budget-conscious travelers, Panama can be an affordable destination. A daily budget of $40-60 USD can cover a stay in a budget hostel or guesthouse, meals at local eateries and street food stalls, and public transportation for getting around. This budget allows for visits to national parks and attractions, but additional costs may apply for guided tours and activities.
  • Mid-Range Traveler: Travelers who prefer a bit more comfort and privacy can expect to spend around $80-120 USD per day. This budget includes accommodation in mid-range hotels, meals at local restaurants, some guided tours and activities, and transportation costs. It allows for a more varied dining experience and the flexibility to explore a range of attractions and enjoy a few upscale experiences.
  • Luxury Traveler: For those looking to indulge in luxury and have a higher budget, Panama offers upscale accommodations, fine-dining experiences, and exclusive activities. A daily budget of $150-300 USD or more can provide a stay in high-end resorts, gourmet meals at upscale restaurants, private guided tours, and transportation via taxis or car rentals. This budget allows for a more lavish experience, including spa treatments, premium experiences, and additional leisure activities.

It’s important to note that these budgets are just estimates, and your actual expenses may vary based on your personal preferences, travel style, and the duration of your stay. It’s always a good idea to research specific costs, check prices online, and adjust your budget accordingly.

Regardless of your budget, Panama offers a range of experiences that can cater to different types of travelers. With careful planning and budgeting, you can make the most of your trip and create unforgettable memories in this fascinating country.

Traveling in Panama is a captivating experience that offers a blend of rich history, diverse landscapes, and warm hospitality. By understanding the average costs associated with accommodation, transportation, food, activities, and sightseeing, you can effectively plan your budget and make the most of your time in this beautiful country.

Panama provides a range of options for every type of traveler, from budget-friendly accommodations and local eateries to luxurious resorts and upscale dining experiences. By being mindful of your spending and utilizing money-saving tips, you can stretch your budget and optimize your travel experiences.

Whether you’re exploring the bustling streets of Panama City, traversing the Panama Canal, or venturing into the lush rainforests and stunning coastlines, there are countless adventures awaiting you in Panama. By allocating your funds wisely and considering sample budgets offered for different traveler types, you can tailor your trip to suit your preferences and create unforgettable memories.

Researching in advance and booking tours, activities, and accommodations ahead of time can help you secure the best deals and avoid any last-minute price increases. Additionally, being open to trying local street food, utilizing public transportation, and taking advantage of free attractions can further enhance your experience while keeping costs down.

Remember that these budgets and tips are merely guidelines, and your actual expenses may vary. It’s important to personalize your budget based on your priorities, travel style, and preferences. No matter what your budget may be, Panama offers a wealth of opportunities for exploration, adventure, and cultural immersion.

So, pack your bags, embrace the vibrancy of Panama, and embark on an unforgettable journey that combines affordability, natural beauty, and cultural richness. From budget accommodations to luxurious indulgences, Panama has something to offer every traveler, ensuring a memorable experience that fits your budget.

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Panama Travel Guide: Budget-Friendly Tips When Traveling to Panama on a Budget

Panama Travel Guide: Budget-Friendly Tips When Traveling to Panama on a Budget

Welcome, fellow travelers, to a budget-friendly escapade through the heart of Central America! I'm here to spill the beans on one of the most captivating and often overlooked gems of the region – Panama. But we're not just here to talk about Panama; we're diving into the world of affordable exploration, where every dollar counts and every adventure leaves a lasting memory.

Why Travel to Panama?

So, why Panama, you might wonder? Besides its world-famous canal (we'll get to that later), Panama is a land of contrasts. Located right next to Costa Rica, this country has everything from vibrant, bustling cities to serene beaches, lush rainforests, and historic streets. But here's the kicker – it's remarkably economical. Yes, you heard me right! Panama lets you experience the best of Central America without emptying your pockets.

In this guide, we'll stroll through Panama City's urban jungles, uncover hidden gems, savor delectable Panamanian cuisine, and even bask in the beauty of its pristine beaches. So, tighten your shoelaces, grab your sunhat, and embark on a journey showing you how to make the most of your Panama travel adventure without breaking the bank. Let's get started!

Visit Panama City

Panama City, the vibrant heart of the country, will be your first stop on this low cost expedition. Before we dive into the city's treasures, let's chat about some essential aspects that will make your visit smooth and enjoyable.

Safety Tips

Panama City is generally a safe destination for travelers, but it's wise to stay vigilant like any central urban area. Here are a few safety tips to keep in mind:

1. Stay in Well-Lit Areas : When exploring the city after dark, stick to well-lit and populated areas, especially if you're wandering away from the bustling city center.

2. Use Official Taxis : If you need a taxi, opt for official ones with registered logos. Negotiate the fare before you hop in.

3. Watch Your Belongings : Petty theft can happen anywhere. Keep an eye on your belongings, especially in crowded places like markets or public transportation.

4. Stay Hydrated : Panama's tropical climate can be unforgiving. Carry a reusable water bottle to stay hydrated throughout the day.

While these safety tips and cultural insights will enhance your visit to Panama City, we want to emphasize that the most secure and enriching journey is to enlist the expertise of a trusted tour operator like ReConTur .

ReConTur ensures that every aspect of your adventure aligns with the highest expectations and safety standards. With over 20 years of experience in providing quality, sustainable travel experiences, they are your reliable partner (they even include travel insurance) for cultural immersion and unforgettable memories.

By combining these safety measures, cultural respect, and the guidance of ReConTur , your Panama City adventure promises to be both budget-friendly and profoundly rewarding.

Panama City

Local Customs and Etiquette

Respecting local customs and etiquette is essential to connecting with Panamanians and having a smooth travel experience. Here are some tips to blend in seamlessly:

1. Greet with a Smile : Panamanians are known for their warmth. Greet people with a smile and a friendly "Buenos días" (good morning), "Buenas tardes" (good afternoon), or "Buenas noches" (good evening).

2. Respect Personal Space : While Panamanians are friendly, it's essential to respect personal space. Give people a comfortable distance when interacting.

3. Dress Modestly : When visiting churches or rural areas, dress modestly to show respect. This means covering shoulders and knees.

4. Learn Some Spanish : While you can get by with English in tourist areas, learning a few basic Spanish phrases will be appreciated by locals and make your journey more immersive.

By following these safety tips and embracing local customs, you'll not only stay safe but also connect with the heart and soul of Panama City. Dig deeper into the city's attractions and experiences that won't dent your wallet.

Travel Guide to Daily Costs in Panama City

Now that you're acquainted with the safety measures and local customs, it's time to get down to budgeting for your daily expenses in Panama City. We'll break it down into categories, offering you a comprehensive view of how to make the most of your money.

  • Public Buses: Public buses are cost-effective and reliable. A single fare within the city typically costs around $0.25 to $0.50, making it the most economical way to get around. You must purchase a Metro Card that can be used for public buses and metro.
  • Metro: The Panama City Metro is both efficient and budget-friendly. A one-way ride will set you back at just over $1, and it's an excellent way to navigate the city's bustling streets. Keep in mind to purchase the Metro Card.
  • Walking: The city's downtown is pedestrian-friendly, and strolling is not only affordable but also a fantastic way to soak in the city's vibrant atmosphere.

Entertainment

Casco Antiguo

  • Casco Antiguo Exploration: Wander through the charming streets of Casco Antiguo, the historic district of Panama City. It's free to explore, and you can admire beautifully restored colonial architecture while enjoying the local vibes, and don't forget to buy an original Panama Hat.
  • Visit Museums: Panama City boasts a range of museums, and many offer affordable admission fees. For example, the Panama Canal Museum (currently closed for renovation) charges around $15, while the Museum of Biodiversity, designed by Frank Gehry, offers entry for approximately $22. These museums provide fascinating insights into the country's history and natural wonders.
  • Panama Canal Miraflores Locks: Witness this engineering marvel at the Miraflores Locks. Entry fees are reasonable, with prices around $20 for adults and $12 for children, making it an unforgettable and educational experience. Your ticket purchase includes entry to the IMAX Theater which features a 3D movie about the Panama Canal history and operations.

By considering these daily costs, you'll find that Panama City offers plenty of ways to enjoy its attractions and immerse yourself in its culture without breaking the bank. Now, let's venture further and explore the hidden gems, the best times to visit, and Panama's delectable culinary scenes.

Things to do in Panama

Now that you're armed with budget-savvy tips for Panama City, it's time to spread your wings and explore Panama's diverse attractions. From urban delights to natural wonders, we've got you covered.

Hidden Gems and The Best Time To Visit Them

  • Metropolitan Nature Park: Escape the city's hustle and bustle at the Metropolitan Nature Park. It's an oasis of biodiversity within Panama City, offering hiking trails and birdwatching opportunities. The best part? Entrance is usually free, making it a hidden gem for nature enthusiasts. For comfortable hiking conditions and better wildlife spotting, go in the morning or during the dry season (December to April).
  • Biomuseo: While many flock to the Panama Canal Museum, don't miss the Biomuseo, designed by architect Frank Gehry. It's a visual masterpiece and one of the best places to visit in Panama that delves into Panama's incredible biodiversity. Admission costs around $22 and visiting during weekdays can help avoid crowds. Biomuseo opens Wednesday through Sunday.
  • Ancon Hill: For panoramic views of Panama City, hike up Ancon Hill. It's a lesser-known gem that offers stunning vistas. What is the best time to visit? Early morning or late afternoon to avoid the midday heat and crowds.

Food & Dining in Panama: Savoring Regional Delicacies

Panama's culinary tapestry is woven with flavors from diverse regions. From the bustling city streets to the tranquil coastal towns, let's embark on a gastronomic journey, highlighting must-try dishes unique to each area.

Panama City

  • Cafés: Kickstart your day with a cup of rich Panamanian coffee at local cafés. A quality brew will cost much less than when bought in international chains.
  • Sancocho: In the heart of the capital, you'll discover a decadent urban twist on Sancocho, Panama's beloved chicken soup. It's prepared with chicken and hearty vegetables, making it a satisfying delicious choice for city explorers.
  • Ropa Vieja: Casco Antiguo, Panama´s historic district, boasts restaurants serving succulent Ropa Vieja, a savory shredded beef stew. Dining amidst the charming colonial architecture adds to the experience.
  • Street Food Delights: The streets are a culinary adventure waiting to be explored. Treat your taste buds to savory empanadas for as little as $1, or dive into a bowl of ceviche for approximately $5 at the Mercado de Mariscos.

Coastal Delights

Ceviche

  • Ceviche in the islands: You'll find ceviche prepared with the freshest seafood along the coast, particularly in the San Blas Islands or Bocas del Toro. This coastal town is a paradise for seafood lovers, where the ocean's bounty is transformed into zesty ceviche.
  • Patacones by the Beach: In coastal towns like Pedasí and Santa Catalina, patacones take on a coastal twist. Enjoy these crispy plantains while soaking up the seaside ambiance, where the salty breeze complements the flavors.

Traditional Flavors of the Countryside

  • Rural Sancocho: In the rural countryside, sancocho retains its traditional charm. Here, it's often prepared over an open fire, infusing it with a rustic, smoky essence that's a delightful departure from the city version.
  • Hoja de Guanábana in Towns Along the Coast: As you explore the coastal towns, visit local bakeries for Hoja de Guanábana, a sweet dessert made from soursop fruit. Its tropical flavors reflect the essence of these laid-back seaside communities.

These regional culinary delights offer a diverse palate of flavors, showcasing the unique character of each area. Whether in the heart of Panama City, the coastal towns, or the serene countryside, Panama's food scene promises a delightful journey for your taste buds.

Accommodation Hacks in Panama

Finding a place to stay in Panama is easier than you might think. Here are some hacks to help you rest your head without breaking the bank:

  • Hostels: Panama City and popular tourist areas boast a variety of hostels with dormitory-style rooms.
  • Guesthouses: Consider staying at guesthouses, which often provide a more local and personal experience. In places like Boquete or Bocas del Toro, guesthouses offer reasonably priced cozy rooms.
  • Camping: For the adventurous budget traveler, camping is an option in some national parks and remote areas. Just ensure you have the necessary equipment and permits.
  • Airbnb: Explore Airbnb for unique stays. You can find private rooms or apartments that fit your budget and preferences.
  • Booking in Advance: Planning and booking accommodations in advance can often secure better deals. Look for discounts and promotions offered by hotels and hostels.

With these accommodation hacks, you'll find cozy and wallet-friendly places to stay across Panama, whether you prefer mingling with fellow travelers in a hostel or immersing yourself in the local culture at a guesthouse. Now, let's explore tips for things to do in Panama and making your travel sustainable.

Tips for Visiting Panama on a Budget: Making the Most of Your Journey

Visiting Panama when you're on a budget is not just about ways to save money; it's about enriching your travel experience while staying mindful of your resources. In this comprehensive guide, we'll explore a wide range of tips that encompass budget-savvy choices, sustainable travel practices, and technology to enhance your adventure; make sure you include them when you plan your trip.

Budget-Savvy Travel

  • Travel Off-Peak: To avoid higher prices and crowds, consider visiting during the rainy season (May to November). While you might encounter occasional showers, you'll enjoy more inexpensive places to stay and fewer tourists.
  • Use Public Transportation in Panama: traveling around Panama City in public buses and the metro offers convenient and affordable ways to get around. Opt for these options to save on transportation costs.
  • Dine Like a Local: Embrace Panama's street food culture and local eateries. Not only will you savor authentic flavors, but you'll also save significantly on meals.
  • Water: Tap or Bottled? Panama has safe tap water in most areas. Avoid buying bottled water and use a reusable bottle to reduce your environmental footprint.
  • Stay in Hostels and Guesthouses: Affordable accommodations like hostels and guesthouses offer comfortable lodging and opportunities to meet fellow travelers. They're often more affordable than hotels.
  • Travel Light: Pack smartly and avoid excess luggage to save on airline baggage fees. Choose versatile clothing for varied weather conditions.

Sustainable Travel Tips

  • Respect Local Ecosystems: Panama is a biodiversity hotspot. When exploring its natural wonders, stick to designated paths to protect fragile ecosystems.
  • Minimize Plastic Use: Carry a reusable water bottle and shopping bag to reduce plastic waste. Support businesses that are committed to eco-friendly practices.
  • Responsible Wildlife Encounters: If you plan to visit wildlife sanctuaries, ensure they prioritize animal welfare and conservation. Avoid activities that harm or exploit animals.
  • Support Local Communities: Opt for guided tours and activities local operators offer. Your tourism dollars can have a positive impact on communities.

Embera Villa

  • Travel Apps: Download apps like Maps. Me for offline navigation, Duolingo for language learning, and Skyscanner for finding affordable flights.
  • Currency Conversion: Use currency conversion apps to stay updated on exchange rates. Avoid airport currency exchange counters, which often offer less favorable rates.
  • WhatsApp for Communication: WhatsApp is widely used for communication in Panama. It's handy for staying in touch with locals and fellow travelers.
  • Budget Tracking Apps: Apps like Trail Wallet help you monitor your expenses and stay within your budget.
  • Uber and Local Ride-Sharing: In Panama City, Uber and local ride-sharing apps like DiDi offer cost-effective alternatives to traditional taxis.

By combining budget-savvy choices, sustainable travel practices, and technology, you'll make the most of your journey through Panama and contribute to a responsible and meaningful travel experience. Now, let's delve into the local insights and hidden gems that will add a layer of authenticity to your adventure.

Embrace Panama's Budget-Friendly Adventures

As your budget-friendly exploration of Panama unfolds, you'll discover a country teeming with diverse flavors, captivating landscapes, and warm-hearted people. From the vibrant streets of Panama City to the serene coastal towns and the rustic countryside, Panama offers an array of experiences for every traveler.

By following these tips, you can make the most of your journey and ensure that your travels align with sustainable practices that protect the environment and support local communities. Panama's rich culture and natural beauty are best enjoyed when we're mindful of our impact on the places we visit.

Share Your Experience and Explore with ReConTur

Travel is a collective experience, and your insights can inspire others. Do you have additional budget-saving tips or memorable experiences from your Panama adventure? Share them with us and fellow travelers. Your knowledge can turn someone else's journey into a remarkable adventure.

And if you're ready to take your Panama adventure to the next level, consider exploring the tailor-made tours offered by ReConTur . With over 20 years of experience providing quality, sustainable travel experiences, they're your gateway to cultural immersion and unforgettable memories. Check out the destinations they showcase, and let ReConTur help you plan the Panama adventure of a lifetime.

Remember, Panama is not just a destination; it's a story waiting to be written. So, pack your curiosity, embrace the local culture, and let Panama weave its unique tale into your travel memories. Safe travels, explorers!

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We're Andre & Lisa, adventurers and experienced budget travelers.

We have over two decades of travel experience and  since 2018 have led a full-time nomadic lifestyle.

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PANAMA TRAVEL GUIDE

Panama is a country on the isthmus linking Central and South America. The Panama Canal, a famous feat of human engineering, cuts through its centre, linking the Atlantic and Pacific oceans to create an essential shipping route. In the capital, Panama City, modern skyscrapers, casinos and nightclubs contrast with colonial buildings in the Casco Viejo district and the rainforest of Natural Metropolitan Park.

The ease of travel and a wide array of experiences make Panama one of the most attractive emerging tourism destinations in the world. In just one week, visitors can enjoy two different oceans, experience the mountains and rainforest, learn about native cultures and take advantage of vibrant urban life. The capital, Panama City, is a modern, sophisticated metropolis that resembles Miami and has established commerce, arts, fashion and dining.

⬇️ REGIONAL GUIDES ⬇️

Travel guide.

panama daily travel costs

⬇️ COUNTRY GUIDE ⬇️

  • Capital : Panama City
  • Currency : US dollar ($, USD; banknotes only) Panamanian Balboa (PAB; coins only)
  • Area : 78,200 km²
  • Population : 4,177 million (2018)
  • Language : Spanish (official), English
  • Religion :Roman Catholic 85% Protestant 15%
  • Electricity : 120V, 60Hz
  • 9 January, Martyrs’ Day
  • 1 May, Labor Day
  • 3rd Sunday in June, Día del Padre (Father’s Day)
  • 15 August, Founding of Old Panama
  • 3 November, Anniversary of Separation from Colombia
  • 4 November, Flag Day
  • 5 November, Colon Day
  • 10 November, 1st Call for Independence in Los Santos
  • 28 November, Anniversary of Independence from Spain
  • 8 December, Mother’s Day

Holidays falling on a Sunday are observed the following Monday.

  • Panama Jazz Festival - (January) The week-long jazz festival is one of the biggest musical events in Panama, drawing top-calibre international musicians from jazz, blues, salsa and other genres. Held around the city; the open-air events are usually free.
  • Festival de Diablos y Congos - (February) Held every two years, this festival in Portobelo celebrates rebellious slave ancestors with spirited public dancing, cheeky role-playing and beautiful masks and costumes.
  • Carnaval - (Feb/Mar) Carnaval in Panama City is celebrated with merriment and wild abandon in the days preceding Ash Wednesday. From Saturday until the following Tuesday, work is put away and masks, costumes and confetti come out, and for 96 hours almost anything goes.
  • Festival de la Mejorana - (September) Panama's largest folk festival, held in Guararé, showcases music and dance by the country's many indigenous and ethnic groups.
  • Nogapope - Indigenous Guna people converge on Isla Tigre for three days of tireless traditional dancing. It's visually engaging and fully authentic. Held October 10 to 12, with a three-day fair with art shows and canoe races.

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panama daily travel costs

SEASONS AT A GLANCE

Most destinations have different times of the year when they’re more or less popular with tourists. 

Peak Season

Shoulder Season

Off Peak Season

Climate Chart with avergae monthly temperatues and rainfall

BEST TIME TO VISIT PANAMA

Panama has a hot and humid, tropical climate, with a long rainy season from May to December and a short dry season from January to April. Average annual temperature for the country is 27°C and average total rainfall is 1900 mm annually. However, these statistics vary by region and altitude. Although the rainy season in Panama is one of the longest in Central America it can bring welcome relief from the heat and it rarely rains all day. The rain usually comes down hard for a few hours during the afternoons in the rainy season, leaving mornings hot and sunny. The great thing about the rain is that it leaves the country leafy and green. Unlike its northern Central American neighbours which get dried out and brown during the dry season, Panama never loses its fresh green sparkle and it always looks like what it is – a tropical country.

There are some regional differences though. The Azuero Peninsula has a microclimate that makes its interior appear somewhat arid and desert-like on occasion. The Caribbean side of the Continental Divide is also wetter than the Pacific side. A great example of this is that Panama City receives roughly half as much rain each year as Colon. Both cities are on either end of the Canal, Panama City on the Pacific and Colon on the Caribbean - barely 80km apart.

  • December to April - High season on the Pacific coast is also the dry season. Best time to hike or dive.
  • Mid-April to early December - Rainy season means low-season travel rates.
  • August to October - Migrating humpback whales in the Pacific; shoulder season in Bocas.

BEST TIME FOR:

Snow Sports

The best time for outdoor activities in Panama is during the dry season, from December to April. It can get really wet from May all the way through to November. 

Roam the coffee-scented hills around Volcán Barú, in the Chiriquí highlands. Chiriquí is home to two of Panama’s most famous hikes: Volcán Barú and Sendero Los Quetzales in Parque Nacional Volcán Barú. While Los Quetzales is more scenic in poor weather, ascents up Barú, which is Panama’s highest peak, can offer views of both oceans on a clear day. 

The TransPanama Trail is a cross-country circuit ( www.transpanama.org ) runs from the border of Costa Rica toward Panama City, but you can hike any three-day stretch for a good taste of Panama's rugged backcountry. More information is available on the website, where you can also download GPS tracks for free.

The beaches in Panama are best enjoyed during the dry season from December to April. It can get really wet from May all the way through to November.

Panama has pretty decent surf all year round. 

The best time for surfing along the Pacific side is during the wet season from April to November. The Caribbean side is best between December and March, during the dry season, but swells are generally smaller. 

The country’s top surfing destination is the Caribbean archipelago of Bocas del Toro, which attracts strong winter swells and surfers from around the world. Although it remains an off-the-beaten-path destination, Santa Catalina on the Pacific coast has some of the most challenging breaks in Central America. 

There is also uncrowded surfing on the laid-back Caribbean island of Isla Grande and at Playa Venao on the Península de Azuero.

The season with consistent wind in Panama for kitesurfing is from December until April, which is also the dry season. Punta Chame is great for beginner and advanced riders. Another well known kite spot is San Blas Islands.

For more details on kite surfing in Panama expand this section!

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PANAMA TRAVEL COSTS

As one of the richest countries in Central America, costs in Panama are generally a bit higher than most parts of the region. It's comparable to the cost of travel in Costa Rica, another of the more expensive countries in the region. However, if you’re coming to Panama directly from North America or Europe, you’ll still most likely find it very cheap.

Panama is not like somewhere like Nicaragua or Guatemala, where the travel industry is almost entirely geared towards more budget-minded travellers. In Panama, there is the potential to indulge in a bit of luxury every now and then. You will still have to be a bit savvy though, particularly in the capital which is a popular shopping destination so it’d be wise to set aside a separate budget for shopping if that’s on your agenda.

There are plenty of ways to save money in Panama and lower the cost of your trip without sacrificing too much of the quality.

  • Eat at the local food stands – Meals at local food stalls cost US$ 3 US$4. You can get get rice, chicken, beans, and maybe another side plus a drink.
  • Avoid taxis – Taxis are not metered and it's much easier to get ripped off. Rather use Uber where you can and if you have no other option agree on a price in advance.
  • Drink tap water - In most of Panama tap water is perfectly safe to drink. Get a refillable bottle save yourself a few dollars a day. If you're super paranoid get a portable water filter like we use.
  • Drink beer - Cutting alcohol from your travel budget can make a significant effect on your expenses. That said, beer is a reasonably affordable option.
  • Use Airbnb's - Available across most of Panama it's a cheaper option than traditional hotels and it might give you a bit more space as well.
  • Visit in the rainy season - High season is between January and April when the country is drier. If you travel outside this period you will find considerably better value and along the coastal areas bouts of rain is generally brief.

VALUE RANK:

Find discount flights to, travel tips for panama, getting aroud.

If you can deal with the heat (and the rain!) cycling through Panama can easily be managed, with plentiful lodgings within a day's ride. Cycling within larger Panamanian cities – particularly Panama City – is however, not for the faint of heart. Roads tend to be narrow, and vehicles can be driven aggressively. Also, the frequent rains often reduce motorists’ visibility and will affect you bicycle-tire grip. Panama's Interamericana boasts the best quality in Central America, although some sections have a narrow shoulder. Roads in many of the provinces (especially in Veraguas and Colón) are generally in poor shape – so bring lots of spare parts and plan your route carefully.

With a bus you can make it to just about any community in Panama that is reachable by road. Some buses are modern and equipped with air-con, movie screens and reclining seats. These top-end buses generally cruise longer stretches of highway. Most common are smaller Toyota Coaster 'mini-busses', affectionately called chivas . You can make use of these to reach towns on the Península de Azuero and along the Interamericana. Panama City is replacing it's old 'red-devil' school busses with a Metrobus system and riders can obtain swipe cards at Albrook Bus Terminal or main bus stops. Official bus stops are used and the transport is air-conditioned.

Panama City's new transportation system is known as El Metro ( www.elmetrodepanama.com ). The main line connects Albrook with Vía Transístmica, Vía España and Calidonia. The main terminal is across from Albrook Bus Terminal. Fares are paid with the same card used for the Metrobus system.

The train trip between Panama City and Colón is a scenic option. It’s considered to be one of the greatest railroad rides in the world and offers spectacular rainforest views and vistas of ships passing through the Canal. As much as it is a tourist favourite, locals will use it to go about their regular business.

Taxis are cheap and plentiful, though not all drivers have a good grasp of locations. Before even getting into a taxi, state your destination and settle on a rate. Panamanian taxis don’t have meters, but there are standard fares between neighbourhoods of Panama City. Make sure to ask the staff at your accommodations for typical rates between city sectors - and note that these usually go up after dark.

Panama was the first Central American country where Uber launched, in 2014 and Uber is now a solid part of Panama City’s transport infrastructure. Uber is only available in Panama City and David, although drivers can take you all over the country if desired. A ride from Panama City to David will cost from around $350 for the roughly six-hour journey. Rides inside Panama City will cost from around $2 depending on where you’re going. The ride from Tocumen International Airport to Panama City costs around $14.

With much of Panama made up of mountains and jungle, the best way to travel long distances is by air . There are a number of domestic airlines offering cheap services to airstrips all over the country, from jungle strips in the Darien to desert islands in the San Blas Archipelago.

CONNECTIONS

The principal crossing to Costa Rica is on the Interamericana at Paso Canoas. Guabito on the Caribbean side and Río Sereno in the highlands are less chaotic border posts.

Practically speaking, the best way to get from Panama to Colombia is by flying. You can take a boat but it will take a lot more time and will be more expensive. That said, if you have time 5 days of sailing through the San Blas Islands can be a highlight of your journey. Some sailing vessels will even take bicycles or motorcycles, others will not. Some take them for free, others charge a hefty surcharge. Sadly crossing the Darién Gap by vehicle is not possible and you will have to ship your vehicle from Panama which comes with a hefty price-tag.

REGIONS & HIGHLIGHTS OF PANAMA

  • Archipiélago de Bocas del Toro - While away your days sipping coconuts and snorkelling at laid-back resorts.
  • Boquete - Fue up for highland adventures with local mountain-grown coffee in the town of eternal spring.
  • Panama City - Spend the day admiring the faded glory of the old city, Casco Viejo, then revel till sunrise on Calle Uruguay.
  • Comarca de Guna Yala - Cruise white-sand cays, swim in crystal clear waters and soak up the sunrise on a sailboat.
  • Panama Canal - Lay your eyes on this awe-inspiring, engineering marvel.

RECOMMENDED ITINERARIES

Start by imbibing the rush of Panama City . Visit Panamá Viejo , destroyed in a massive pirate raid. Grab a bicycle and pedal along Cinta Costera, the coastal beltway, to Casco Viejo , the cobblestone neighbourhood with plaza cafes and rooftop bars.

Make a perfect day trip to nearby Miraflores Locks to witness mammoth ships squeezing through the canal. At the nearby Parque Nacional Soberanía you can climb a canopy tower to search for toucans and sloths, or kayak Lago Gatún spotting howler monkeys and sunbathing crocodiles.

Next, fly to Bocas del Toro for four days of relaxing Caribbean vibes. Snorkel the aquamarine waters with tropical fish and coral reefs, and explore Isla Colón by quad bike. As alternative, head for Isla Bastimentos, with its thatched resorts and jungle lodges. If you need an injection of culture, take a chocolate tour on the mainland or visit indigenous groups on other islands.

Head over the continental divide to highland Boquete to explore its coffee farms and cloud forests before hitting the expansive beaches of the Pacific coast eventually making your way back to the capital.

PANAMA CITY & THE CANAL ZONE

This is the core of Panama, the part of the country where most people live, as well as the economic engine that is driving the country into the future. Panama City gleams like a Latin American version of Hong Kong or Dubai while dozens of ships sit in the bay waiting to pass through the Canal. Escape is never far. Day trip to sandy beaches (Pacific or Caribbean), admire the canal, or explore lush rainforests of howler monkeys, toucans and sloths.

A good way to get your bearings around Panama City is with City Sightseeing Panama , whose red double-deckers loop the city. Stops include Multicentro Mall, Calle Uruguay, Casco Viejo and the Amador Causeway. Service is hop on, hop off, so you can explore the sights all you want with hourly pickups.

No visit to Panama City would be complete without taking a day trip to its famous water way – just remember that the Canal Zone is much, much more than just the canal. The rainforest surrounding the canal is easily accessed and one of the best places to view a variety of Central American wildlife. The Canal Zone is home to a number of impressive attractions, especially if you’re into wildlife-watching, hiking and birdwatching. On a day trip from Panama City, you could visit the Miraflores Locks and finish at the Parque Nacional Soberanía and the Panama Rainforest Discovery Center. With prior arrangements, you could also take an organized tour of Isla Barro Colorado, one of the world’s most famous tropical research stations, or an Emberá or Wounaan indigenous village on the shores of the Río Chagres.

PACIFIC COAST & HIGHLANDS

Crossing the iconic Bridge of the Americas west across the Pacific entrance to the Canal, you soon rise up into the Valle de Anton, an escape from the heat in an extinct volcano crater. The altitude here is marvellous and an easy getaway from Panama City. Moving back downhill you arrive at the beaches of Coronado, with miles of white sands and surf backed by vacation homes and resorts. To truly see Panama’s heart and soul, this may be the best place to look. Dominated by agriculture, these are friendly provinces of laid-back colonial towns, farms and hillside villages. Founded by the Spanish four centuries ago, traditions live on in original colonial architecture, dazzling festivals and exquisite handicrafts. Highlights include Santa Catalina, one of the best surf destinations in Central America, as well as the scenic mountain towns of Santa Fé and El Valle. The Pedasí coast is an up-and-coming destination for off-the-beaten-track beaches and surf.

The Sunset Coast is the name given to the west side of Península de Azuero facing the Gulfo de Montijo and Pacific Ocean. The sobriquet is accurate for it is the only place in Panama from which you can watch the sun go down from a beach. Here you'll find long, sandy beaches virtually empty of holiday makers, excellent surfing and the chance to see three species of turtles hatching. There are nature walks in the mangroves and Parque Nacional Cerro Hoya is just down the road. The gateway to the Sunset Coast is Santiago, about 60km north of Mariato. Other important settlements include Malena and Torio, 11km and 15km south of Mariato respectively.

Download map waypoints for Panama here: KML / GPX

WHAT TO SEE AND DO IN PANAMA

More location information and points of interest are available in the above map, chiriquí province.

The western province of Panama is home to some true gems. The high mountains of the Continental Divide provide cool mountain air and rushing rivers and streams. Chiriquí claims to have it all: Panama’s tallest mountains, longest rivers and most fertile valleys. The province is also home to spectacular highland rainforests and the most productive agricultural and cattle-ranching regions in the country. As a result, los chiricanos (natives of Chiriquí) take a particular pride in their province and wave the provincial flag – in every sense – at the slightest opportunity.

It's also a land of immense beauty. On the coast, the pristine Golfo de Chiriquí boasts long sandy beaches and a rich diversity of marine life. The mist-covered mountains near the town of Boquete, a favourite of North American and European retirees, is a good base for adventures such as white-water rafting and hiking the flanks of Panama’s highest point, Volcán Barú (3475m). Boquete is also the center of Panama’s coffee industry, which means that a potent cup of shade-grown arabica is never more than a cafe away. The city of David in the lowlands provides the amenities and services, and also a route to the coast, which has many hidden beaches and beautiful islands to explore.

BOCAS DEL TORO PROVINCE

With its Caribbean islands dotting a shock of blue waters, Bocas del Toro is all that's tropical. This is Panama’s principal tourist draw and it will no doubt provide some of your most memorable experiences. Until recently, the Bocas were more easily accessed from Costa Rica than from Panama. These Caribbean islands are home to some of the best scuba diving and snorkelling anywhere in Central America. Bocas Town, the capital on Isla Colon, is a great, quirky place to hang out in.

The archipelago consists of six densely forested islands, scores of uninhabited islets and the Parque Nacional Marino Isla Bastimentos, Panama’s oldest marine park. The long-time base of Chiquita Banana, the mainland boasts the Parque Internacional La Amistad, shared with Costa Rica. It's also home to diverse wildlife such as the elusive jaguar, traditional Ngöbe-Buglé settlements, and the Naso, one of few remaining American tribes with its own monarch.

COLÓN PROVINCE

With an edgy reputation more true crime than travel, Colón rarely makes travel wish lists, but there is more to this Caribbean province than its downtrodden capital. Think pristine beaches and lowland rainforests, colonial splendours and modern engineering marvels. Portobelo, with its growing music and art scene, shows the best of vibrant Congo culture, while the luxury train between Panama City and Colón remains one of the greatest rail journeys in the Americas. With its colonial grandeur crumbling and its neighbourhoods marginalized, Colón is the city that Panama forgot, in spite of vigorous development meant to court Caribbean cruise ships where the last whiff of prosperity was seen during the construction of the Panama Canal. On the city's edge, the Zona Libre (Free Zone) was created in 1948. Generating billions in annual commerce, little benefit seems to trickle down to locals. From close up, it's an island of materialism floating in a sea of unemployment and poverty.

COMARCA DE GUNA YALA

A tropical archipelago with one island for every day of the year. With white sand and waving palms, these Caribbean islands cheat no one’s version of paradise. The Comarca is home to the Guna, the first group in Latin America to gain indigenous autonomy. Though they have had contact with Europeans since Columbus sailed these waters in 1502, clan identity is paramount, and many make tenacious efforts to preserve a traditional way of life.

In 2009 the road to Cartí was completed, making the region more accessible than ever and opening up options for day trips. Still off the beaten track, this narrow, 226km-long strip on the Caribbean coast stretches from the Golfo de San Blás to the Colombian border.

Community islands are acre-sized cays packed with bamboo huts, livestock and people. Visitors often prefer the more remote outer islands with few inhabitants. Most areas require landing fees. When visiting the Comarca de Guna Yala, consider how your visit may affect the community and be aware of your surroundings and remain sensitive about your impact.

DARIÉN PROVINCE

One of the world’s richest biomes is the 5760-sq-km Parque Nacional Darién, where the primeval meets the present with scenery nearly unaltered from one million years ago. Even today in the Darién, the Emberá and Wounaan people maintain many of their traditional practices and retain generations-old knowledge of the rainforest. If you want to sit in dugout canoes and travel down jungle rivers with indigenous tribesmen, then this is the place to do it. In a stroke of irony, much of the Darién has remained untouched because of its volatile reputation.

The road to Yaviza – the most accessible part of the province – has scenes of habitat destruction. Cruising the waterways and hiking trails are the only ways to explore the slow-paced interior Darién and the Pacific coast, where Emberá, Wounaan and African-Darienita cultures coexist. The region's issues are complex. Police checkpoints are frequent because of narcotrafficking. The greatest hazard in the Darién is the difficult environment. Trails, when they exist at all, are often poorly defined and are never marked. Many large rivers that form the backbone of the Darién transportation network create their own hazards. Any help at all, let alone medical help, is very far away. If you get lost, you are done for. To minimize these risks, it’s recommended that you explore the Darién either as part of an organized tour or with the help of a qualified guide. The Darién is not for everyone, but with careful planning and the right destinations, it offers opportunities for intrepid travellers to discover something truly wild.

panama daily travel costs

WHAT TO EAT IN PANAMA

Rice and beans are a staple in Panama and are usually served with patacones (fried plantains), a small cabbage salad and meat. Seafood is abundant and includes shrimp, Caribbean king crab, octopus, lobster and corvina (sea bass). Along the Caribbean coast you’ll also find a West Indian influence to the dishes, such as coconut rice and coconut bread, or seafood mixed with coconut milk. More adventurous palates shouldn't miss pulpo al carbón (grilled octopus). Fresh tropical juices and coconut water (known as pipa ) are sold on the street.

Where to eat:

Budget eateries like cafeterías (simple eateries), panaderías (bakeries), stands and market stalls sell a range of filling dishes and set meals from US$ 3 - US$ 6.

Don't miss:

Panama’s national dish is sancocho (chicken and vegetable stew).

Ropa vieja (literally ‘old clothes’), a spicy shredded beef combination served over rice, is also common.

Breakfast staples and snacks are tortillas de maíz (thick, fried cornmeal cakes) and hojaldras (deep-fried mass of dough served hot and covered with sugar).

For lunch, simple comida corriente is an inexpensive set meal of beef, chicken or fish served with rice, black beans, fried plantain, chopped cabbage and maybe an egg or an avocado.

Specialties include carimañola , a yucca roll filled with chopped meat then deep-fried.

The most common snack is the empanada (turnover filled with ground meat and fried).

Tamales (cornmeal with a few spices and chicken or pork, wrapped in banana leaves and boiled) are another favourite.

In Panama City you’ll often see vendors pushing carts and selling raspados , cones filled with shaved ice topped with fruit syrup and sweetened condensed milk.

LGBTQ IN PANAMA

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panama daily travel costs

WHERE TO STAY IN PANAMA

For your first visit to Panama, choosing the right base is essential to experiencing the country's diverse culture, stunning natural beauty, and historical landmarks. Here's a breakdown of top areas and accommodations:

Where To Stay In Panama City:

Panama City, the capital, offers a mix of modernity and history, with attractions like the Panama Canal, Casco Viejo (Old Town), and vibrant nightlife.

Budget Accommodation:  Consider staying at Luna's Castle Hostel for affordable dorm beds and a lively atmosphere in Casco Viejo.

Mid-range Accommodation:  The American Trade Hotel provides comfortable rooms with a historic ambiance and easy access to Panama City's attractions.

Luxury Accommodation:  Opt for the luxurious ambiance of The Bristol Panama , featuring upscale rooms, fine dining, and a rooftop pool with city views.

Best Value Tip:  Visit during the shoulder seasons (April-May, September-October) for mild weather and better accommodation rates.

Where To Stay In Bocas del Toro:

Bocas del Toro is a tropical paradise known for its pristine beaches, crystal-clear waters, and opportunities for snorkeling, diving, and surfing.

Budget Accommodation:  Stay at Bocas Bound for affordable rooms and a beachfront location on Isla Colón.

Mid-range Accommodation:   Selina Bocas del Toro offers comfortable accommodations with a laid-back vibe and easy access to the island's attractions.

Luxury Accommodation:  Opt for the luxurious ambiance of Red Frog Beach Island Resort & Spa , featuring upscale villas, a spa, and a private beach.

Best Value Tip:  Book accommodation during the off-peak season (September-October) for lower rates and fewer tourists.

Where To Stay In Boquete:

Boquete is a charming mountain town nestled in the highlands, offering cooler temperatures, lush landscapes, and outdoor activities like hiking and birdwatching.

Budget Accommodation:  Consider staying at Hostal Boquete for affordable rooms and a central location near the town center.

Mid-range Accommodation:   The Riverside Inn provides comfortable accommodations with mountain views and easy access to Boquete's coffee farms and hiking trails.

Luxury Accommodation:  Opt for the luxurious ambiance of The Panamonte Inn & Spa , featuring upscale rooms, gourmet dining, and a full-service spa.

Best Value Tip:  Visit during the green season (May-October) for lower accommodation rates and blooming landscapes.

By choosing a base in Panama City, Bocas del Toro, or Boquete, you'll have access to Panama's diverse attractions while enjoying a range of accommodation options to suit your budget and preferences. Consider visiting during the optimal seasons for each location to maximize your travel experience while getting the best value for your stay.

For hassle-free bookings, use platforms like   Booking.com  for competitive rates or   Holiday Swap  for unique homes worldwide. Ensure to book in advance, especially during peak seasons, and align your preferences with nearby activities such as surfing, snorkeling, or cultural exploration.

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FLIGHTS Find a cheap flight by using  Sky scanner  or  Momondo . These are our favorite  flight search engines. They index other travel websites and airlines across the globe to easily find you the best deal.

ACCOMMODATION

Booking.com is our number one resource for researching and booking accommodation. In addition to Booking.com , we have found  Agoda.com to consistently returns the cheapest rates in Southeast Asia. For longer stays, find unique homes worldwide on Holiday Swap , the most affordable travel platform that allows you to book homes anytime, anywhere in only a few clicks.

TRANSPORT ​

DiscoverCars.com is a leader in online car rental bookings; we compare car rental deals from many companies so that you can choose which is best for your trip.  12Go   connects the world door-to-door, from transfers to flights, under the same user-friendly ticket.

INSURANCE Travel insurance can protect you against unexpecte d illness, injury, theft, and cancellations.

Heymondo (International Travel Insurance)

World Nomads   (Travel / medical insurance for long-term travelers and nomads)

SafetyWing Nomad Insurance (Travel / medical insurance for long-term travelers and nomads)

SafetyWing Remote Health  (Global Health Insurance for Nomads)

Need more help to book your trip? Check our complete resource page  for all the best companies to use when you travel. You will only find the companies we use ourselves.

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Panama Travel Expenses: How Affordable is a Family Trip?

Returning to a dollar based economy took some getting used to! That, along with added transportation costs and our desire to eat quite a few meals out, led to an even more expensive month in Panama than we experienced in Cartagena! Keep reading to find out all about our Panama travel expenses.

We spent the majority of our month long stay in Panama on the islands of Bocas del Toro. This archipelago is a gorgeous section of Panama and near where we served as Peace Corps volunteers when we were younger. We chose this part of Panama for the beaches and easy access to visit our host family.

Careneros Island - Panama Travel Expenses

Lodging in Panama City and Bocas del Toro

Total: $2,474

  • $   211 – Airbnb in Panama City – Feb 3-6 ($70/night)
  • $2,190 – Airbnb in Bocas del Toro – Feb 6- Mar 6 ($78/night)
  • $     73 – Hotel in Panama City – Mar 6-7 ($73/night)

This post may contain affiliate links, meaning I get a commission if you decide to make a purchase through my links, at no cost to you.

You may also like: What You Need To Know Before Traveling To Panama

Round-Trip Transportation

Total: $1,202

  • $581 – Flights from Cartagena to Panama City ($835 before some credits)
  • $140 – Uber, Bus, Taxi, Water Taxi, and 2nd Water Taxi to Airbnb in Bocas
  • $471 – Flights from Bocas del Toro to Panama City
  • $  10 – Uber to Airport

Day-to-Day Costs

Total: $2,803

  • Groceries, supplies, taxis, and dining out
  • We ate out a fair bit while we were staying in Bocas del Toro. Our nearest grocery store was limited as far as options and traveling to the main island for groceries added up due to the cost of the boat taxi.

Isaac looking for starfish during our day trip to Zapatillas

Touristy Excursions

Total: $899

  • $143 – Red Frog Beach
  • $170 – Private Fishing Trip
  • $133 – Playa Bluff
  • $176 – Chiriquí Grande
  • $180 – Isla Zapatilla 
  • $  97 – Miraflores Locks

Total: $7,378

PIN FOR LATER

We found some great lodging with good prices during our few days in Panama City. Our spot in Bocas was well located for us, but did not offer quite what we expected. It was quite rustic. Access to the beach was farther away than we thought. (I was really hoping to be able to just jump off the dock in front of our place. Nope! ☹️) There was no real protection against mosquitos, chitre, and ants either.  Additionally, having no air conditioning in one of the hottest and muggiest places we’ve stayed thus far caused us to seek refuge elsewhere at times. You win some and you lose some…

Much of the “refuge” was sought by going to air conditioned restaurants on the island we stayed in as well as the neighboring island. These restaurants were good, but not as high quality as Cartagena or Medellin. Still SO much better than cooking in a sweltering wood hut.😃 We also paid up for groceries at the one tienda that provided some more traditional American options.

Red Frog Beach - Part of Panama Travel Expenses

Extra Transportation Costs

Another subtle culprit of higher expenses was the required use of boat taxis any time we left our island. We often walked 15 minutes to get to a dock where the taxi cost $1/person. With 4 of us that cost was $4 to go across the channel. Then on the way home we usually had groceries or it would be after dark, and we wanted the convenience of getting dropped off at a dock close to our Airbnb. This ran $2/person, so $8 for the family. So, while $1 and $2 costs sound trivial, this usually ended up adding $12 to our tab every time we went anywhere. That starts to add up. 

None of the excursions we lined up were super expensive, but they still stack up. We wouldn’t change anything about those. You can cut costs here by going on large group tours, but we opted for private tours to get a better experience. They were pretty reasonable for private tours and this gave us the ability to stay at the beaches or snorkeling sites we wanted to visit for as long as we wanted and not have to follow a tour schedule. 

Isaac staring down the barracuda he caught on our fishing excursion

You may also like: Panama City – Local Guidebook to the City on the Isthmus

All in all we spent nearly $7,400 during our month in Panama. The fact that we spent almost $1,000 more in Panama than we did in Cartagena was surprising. There is zero doubt that we enjoyed our time in Cartagena SO MUCH MORE than our time in Panama. We continue to realize a lot as we reflect on how we feel and how we spend in each location. 

Looking ahead, we transition from Latin America up to Miami. Lots of shopping occurred as we prepared to jump on a cruise and travel to Europe. We had to address the fact that we were heading to chillier temps, had run down the level of our supplies, and a number of our clothes were getting pretty tired. The money just seems to bleed out more quickly in the US, and we expect the same will be true in Europe. Stay tuned…

Levi on the beach on Zapatillas

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Plan a Panama Vacation on a Budget

TripSavvy / Anna Haines

A Panama vacation could offer you a nice budget travel situation—an affordable luxury. Consider three levels of comfort found several years ago on a small island along Panama's east coast.

Learn about things to do, food, taxis, snorkeling, and much more.

Great Hotel and Resort Values

On a trip to Isla Bastimentos , the Bocas Bound hostel charged $13 for an overnight dorm stay and offers access to a zip line tour, kayaking, surfing lessons, and choice snorkeling. Their private hotel rooms were $75/night.

A short distance away are the Red Frog Beach Rainforest Resort rents villas that could easily accommodate two families. They're equipped with full kitchens, a private pool, and patio, two full bedrooms. and two and a half baths. The cost during a discounted period was $176/night.

Prices during your search will be higher, but the example still merits consideration. Similar values can be found in urban areas.

As with any national capital, Panama City offers five-star hotels and prices to match. A property of that type exists in the Marbella section, with room rates that can reach $260/night. Two minutes away by foot is a series of small apartments that can be rented for as little as $60/night through services such as airbnb.com. They put you in the same upscale neighborhood with easy access to stores and restaurants. You enjoy the same safety and freedom to walk around day or night. You just don't have to pay the big-city prices.​

Cheap Hostel Rooms, Some With Air Conditioning

The most frugal of budget travelers discovered Panama long ago.

They know if they visit Panama City armed with some money-saving tips , it can be among the more affordable capitals in the region.

In the resort town of Bocas Del Toro on the northeast Caribbean coast near the border of  Costa Rica , you'll find a variety of offers similar to what's pictured here. At those prices, you might be sharing a room with several strangers and depending upon sea breezes to keep you cool. But if your budget is greatly limited, Panama presents the possibility of touring and lodging that is well below what most travelers find in their home countries.

There is ​a middle ground, too. Basic hotels with private rooms frequently charge $50 or less for an overnight stay. You might have concrete block walls and worn furniture in your room, but for travelers who spend most of their time on the run and simply need a place to sleep, Panama can be easy on the budget.

Affordable World-Class Zip Lining

Zip Lining began as a way for botanists to observe the rainforest without making damaging or personally dangerous hikes. Popularized in neighboring Costa Rica, the​ zipline or canopy tour experience has gained worldwide popularity.

In Panama, Boquete Tree Trek offers a three-hour trip that spans a dozen platforms. Safety is paramount in this operation, and the fee includes all the needed equipment plus a detailed safety lecture prior to arrival at the first platform.

The base camp is probably 2,000 ft. above the village of Boquete, which places its overall height at about 6,000 ft. above sea level. Fortunately, a 4x4 transport truck takes you most of the way. The 10-minute hike to the first platform is level and pleasant (at this elevation, the temperature is under 70 degrees all year).

The company also provides mountain biking, hiking, and fishing expeditions. It has its own restaurant and lodging facilities at the base camp.

An Abundance of Wide, Empty Beaches

With both Pacific and Caribbean coastlines, Panama offers an array of attractive beaches . Some appeal to surfing enthusiasts, while others are great for snorkeling and simple relaxation.

Another physical feature of the Panamanian coastlines is islands chains. Some of these islands are large enough to have landing strips, small towns, and even tourist facilities. But many others are either uninhabited or the home of indigenous people such as the Kuna on the Caribbean coast.

So there is much to explore and experience here -- and you often make those explorations without having to fight crowds. It's not unusual to visit a Panamanian beach and have it largely to yourself.

The trade-off for tourists is that many of the finest beaches are fairly remote and perhaps lacking large selections of restaurants and resorts.

Short, Cheap Flights From North America

Although Panama City isn't too far from the northern reaches of South America, it is only a three-hour flight from Miami . Panama City has become one of the most important banking cities in the western hemisphere, so business fliers have prompted a strong selection of flights to east coast cities in the U.S. as well as South America.

Sometimes, casual airfare shopping for Panama City's Tocumen Airport can turn into a budget vacation. For example, American Airlines once offered an eye-popping one-way sale fare of $84 to Panama City from either Orlando or Miami . With taxes and fees, that figure jumped to nearly $140. Typical fares today might run three times that amount. It was one of those deals that appeared and vanished in a short time. 

American isn't the only airline to offer deals to Panama, so it pays to aggregate your airfare search by using a tool that reviews at multiple sources.

The so-called "Green" (read "rainy") season in Panama begins during summer and continues into the fall.

Great Wildlife Watching

Dolphin Bay is just a few miles from the village of Bocas Del Toro, and you can book an all-day porpoise watching/snorkeling trip. The best time to spot porpoises at play is in the morning. By afternoon, they've moved to deeper, cooler waters.

You probably won't be in Panama for too long before you notice people with their eyes inclined upward. They'll be looking at three-toed sloths lazing the day away in a tree branch. It's fun to see how many of these unusual sights you can spot on a hike through the rainforests and parks of Panama.

Bird watchers are unlikely to find a place much more friendly than Panama. Quetzals and macaws can be found with a little patience and local knowledge. In all, more than 900 species of birds can be seen in Panama, making it one of the best bird-watching sites in the world.

All of these pleasures come at relatively little expense. Shop carefully: Tours designed to reveal the various habitats can be expensive. 

Snorkeling Near Bocas Del Toro

Diving and snorkeling enthusiasts will find Panama offers fine opportunities on both coasts.

On the Caribbean side, the area around Bastimentos Island is known for its snorkeling options. There are shallow reefs protected from ocean waves by mangroves that make for wonderful snorkeling. At the southern end of Bastimentos (which is a maritime preserve) are the Zapatilla islands, which feature some of the best snorkeling in Central America.

At certain times of the year, snorkeling here can be difficult. Wave action in the channel between Bastimentos and these smaller islands can make for poor visibility and require some strong swimming skills. It's best to go with a guide, who will be well-versed on the current conditions and take you to spots that are most likely to be interesting.

In Bocas Del Toro, consider Jampan Tours. There is a lunch stop at a seafood restaurant, but the food is not included in the tour price. Also not included is a government fee per person for entering the marine reserve.

Taxi Cabs Without Meters

We've all dreaded cab rides in unfamiliar cities, where we fear the driver will take the long route to run up a bigger bill. Such mishaps are far less likely in Panama.

Cabs here do not have meters, so it's essential that you agree to a price for the ride before you get in and shut the door.

Within Panama City, even rides across town can ​the for less than $10; and most are $5 or less. One notable exception is the ride between Tocumen Airport and the city center, which can cost $25-$30.

It's best to leave the driving in Panama City to professionals. Traffic moves fast and drivers rarely yield the right of way. When you combine these rather treacherous driving conditions with people who don't know where they are going, it creates some big potential problems for those planning a car rental. Unless your trip dictates otherwise, avoid a car rental.

Outside of Panama City, driving is far less difficult. But cabs remain fairly cheap across the country.

Cheap Cross-Country Flights

Two of the nation's most interesting destinations are more than 250 miles to the west of Panama City: Bocas Del Toro, which is situated on an island along the coast, and Boquete in the mountainous area near the border with Costa Rica.

The Pan-American highway covers much of that distance, but there are secondary roads through the mountains that can be slow to cross.

Budget travelers who want to save time during their stays can book a domestic flight between Panama City and Bocas Del Toro or David (south of Boquete) for as little as $80 before taxes. The flights generally last about an hour. The domestic airport in Panama City is located in the Albrook section of what was once the Canal Zone, so you'll be treated to a nice aerial view of the canal if the weather is cooperative.

David is the second largest city in the country and offers several hotel and car rental choices for air travelers.

Cheap Cross-Country Bus Ride

If you're traveling with several members in your party, a one-way airline ticket will save time, but you might not have the money to access that speed.

Much like public transportation in Costa Rica, bus fares in Panama are priced to serve the citizens, not gouge the tourists. Many in this country labor for less than $10/day in wages. So it shouldn't be too surprising that a bus trip from David (near the Costa Rican border) to Panama City sometimes is priced at less than $20/person.

This 260-mile trip takes  6-7 hours and includes a 20-minute lunch stop in Santiago, which is roughly the halfway point in the journey. The trip provides a close look at life in rural Panama. If you know Spanish, it can be an opportunity to make new friends and learn much about this country.

The bus isn't exactly luxurious, but it certainly doesn't fit the "chicken bus" stereotype so many travelers carry about Central American public transportation. You'll have a comfortable seat, a restroom aboard and, even a full-length movie to watch in transit.

Cheap, Filling and Tasty Meals

In Boquete, you can eat lunch in trendy bistros where the surroundings and prices resemble what Americans expect to find at home.

Let's employ a basic technique for finding affordable food in another country by eating where the locals choose to dine.

A typical Panamanian plate is stocked with rice, beans, and meat. A small salad and some plantains round out the meal.

You won't need a guidebook to find affordable food finds -- they are on the main street and frequently crowded with local repeat customers at meal time.

Currency: The U.S. Dollar

Currency exchanges can be costly during a trip. You're often converting several times, losing a percentage of your cash with each transaction. But such exchanges for U.S. tourists visiting Panama are unnecessary.

Technically, Panama's unit of currency is the Balboa, named in honor of the famous explorer. But since one Balboa equals one U.S. dollar, the government no longer prints its own currency. Thus, U.S. currency is used for all of your transactions in Panama.

Coinage is another matter, but you'll find that the pennies, nickels, dimes, and quarters are similar in size to their counterparts in the United States and Canada. Tourists try to spend their change​ because it generally is not accepted elsewhere. Some bring home souvenir pocket change.

Cosmopolitan Panama City

Panama City is a diverse metropolis. Many here trace their ancestries through people who arrived to help build the Panama Canal nearly a century ago. It was a project of worldwide significance, and it drew workers from around the globe.

Today, the city continues to draw investors from throughout Latin America and beyond. Evidence of this rapid economic growth can be seen in the picture. Imagine this: Prior to the toppling of the Noriega regime in the late 1980s, there were no buildings here taller than 20 stories. Today, Panama City's skyline ranks among the most impressive in the Western Hemisphere.

Visitors arrive to find a surprising array of restaurants and shopping opportunities . How about a shopping mall in the middle of the city with its own casino and health spa? Would you have guessed that a quality chain restaurant specializes in Middle Eastern dishes? Or that there is a sizable Chinese community here?

Panama City is full of pleasant surprises, which helps explain why it is becoming a popular destination for North American retirees.

Some of the World's Best Coffee

Coffee beans grow best within latitudes about 25 degrees north or south of the equator. Many countries produce larger coffee crops than Panama.

But few countries can compete with this small nation when it comes to international competitions that measure the quality of the coffee product. Geisha coffee from Chiriqui province has won some prestigious awards and has commanded some exclusive prices in the marketplace.

The unofficial center of the coffee business in Panama is Boquete, a mountain village that Modern Maturity recently ranked among the world's best retirement locations. Some of the coffee plantations in this region offer picturesque settings and are therefore bought and converted to private estates.

But Richard and Dee Lipner decided they would continue growing coffee on their property, even though they arrived from Berkeley, California with little knowledge about the business. Their Cafe De La Luna brand is named to describe this organic farm, which operates in conjunction with lunar phases for top results. Beyond his methods, Lipner sees Boquete as the "Napa Valley of coffee growing," with soil and climatic conditions that are ideal for producing the best product.

Lipner sells tours of his operation that will leave you fascinated with the subject of coffee and perhaps a bit envious of his adventuresome spirit. His is one of several tours in the area that allow visitors to sample the product and even take some home. Tours are typically 2-3 hours in duration and include transportation from the center of Boquete.

The Panama Canal

There are a variety of options for visiting the Panama Canal .

The basic, low-cost option is a stop at the Miraflores Locks, located just a few miles from the center of Panama City. Transportation here usually can be arranged for about $25 round trip. Be sure to opt for a full-visit ticket that grants admission to the observation deck, the well-designed museum and its theater for viewing a movie (in several languages) describing the canal's history and operation.

As you watch from the observation deck, giant container vessels slowly rise or fall 45 feet in about 10 minutes. Whether they rise or fall depends upon ​the direction of travel. Those bound for the Pacific will be dropping. Operations continue here around the clock.

For those who want more than just a look, there are small-boat partial- and full-transits available on certain days of the week. Ancon Expeditions is a trusted company offering these trips and tours of the nearby rainforests. These transits start at about $150/person; keep in mind that smaller tour boats do not have top priority in the canal. For that reason, this 80 km trip will often take a full day.

Intriguing Indigenous Art

A converted YMCA in the Balboa section of Panama City has become a destination for shoppers interested in Panamanian art. It's called Centro Artesanal and although some of what's for sale here is clearly junk aimed at tourists, you will also find native craftsmanship that will be of interest even if you are not a buyer.

The Kuna people have established an autonomous region along the Caribbean coast northeast of Panama City. These indigenous tribes live as they have for centuries, raising crops and fishing. Women continue to create the colorful embroidery that is traditional, but these days they sell their creations to tourists.

One traditional wrap is called a mola . It comes in various sizes and quality of the stitching varies. You will also find paintings and carvings throughout Panama that are worth considering, and prices are usually negotiable. But keep in mind that some of the sellers are struggling to feed their families. Weigh that sad fact against the bargain price you'd like to pay for their meticulous work.

Cool Mountain Retreats

Did you expect advice for visiting Panama to include the phrase "pack a sweater?"

Many people do not realize that Panama is a rugged, mountainous country. There are peaks that rise to 11,000 ft. above sea level. The inactive Volcano Baru's summit affords a view of both the Caribbean and the Pacific from the same vantage point. If the weather cooperates and you're in good physical condition, it's a rare geographic opportunity.

Even at lower altitudes, one can enjoy springlike weather throughout the year in parts of Panama, especially the mountainous area in Chiriqui Province near the town of Boquete. Temperatures in the 70s are common there, even though the area is at about 9 degrees north latitude.

You'll still need sunscreen, but you might not want to spend the money on an air-conditioned room. Nighttime temperatures can be downright chilly.

Panamanian Hospitality

Within walking distance of the center of Boquete, there is a place with a name that translates as "My garden is your garden." It is a palatial estate with a number of large buildings and a series of impressive, well-tended gardens.

The buildings are naturally off-limits to visitors, even though the owners of the property do not reside here. But the gardens are free to explore to your heart's content, and there's no admission charge.

It's possible to spend an hour or more just making a quick survey of the various plants and exhibits. There is even an observation tower for taking aerial photography.

This has been a free attraction for many years, and the owners are said to take great pleasure in sharing it with strangers at no cost. Such hospitality is typical of Panamanians.

Many speak only Spanish, but I've found most are more than willing to attempt to communicate with visitors using non-verbal language and a smile. It is polite to ​ learn some Spanish -- the numbers and a few key phrases are easy to learn. Your efforts will be appreciated.

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Travel Panama On A Budget – Where to Stay, What to Eat

Posted by Anna Vichnevetskaia | Nov 7, 2020 | South America

Travel Panama On A Budget – Where to Stay, What to Eat

The cost of living in Panama has been steadily increasing over the past decade, and today is at its highest thus far. With the recent change in the minimum wage, which went up almost 30%, everyone is raising prices to be able to continue making profits. And that means that travel costs have increased as well.

What used to be the perfect backpacking destination like neighbouring Colombia , Panama is a place you now need to think about your budget and how to make it stretch. But as a country of many contrasts, there are some tips and tricks that will help you save your pennies and you can travel Panama low cost.

Accommodation

Of course, Panama offers plenty of hostels as a cheap option for budget travellers. These vary in quality and price, but generally speaking, you can safely choose among the top 3 options in any given city and the hostel should be reasonably comfortable and clean. Some of the top “chain” hostels in the country are the beachfront Selina Hostels and the more off-the-beaten-path travel-oriented Mamallena. They will typically also be able to arrange transfers and tours at good prices.

For those who prefer to avoid hostels, want a little more privacy, or don't want to stay with partying backpackers (most of these cater to a party crowd), have a couple of other options. Airbnb has tons of listings for rooms and apartments in a wide variety of price ranges.

This is a particularly good option for Panama City, where cheap hotels are hard to come by and many apartment buildings offer nice facilities like a pool and gym, for a fraction of the cost of a chain hotel. Keep in mind that renting for under 30 days is not technically legal in Panama , not that this is typically enforced, but it's good to know.

The other budget alternative is the smaller hotels, which may or may not be listed online. This means that arriving in a town and looking for accommodation on the spot can sometimes be a good idea. That said, it's probably not ideal in Panama City, since hotels are scattered around the city – but you can try Lemon Inn, Magnolia Inn and Albrook Inn.

In this case, keep in mind high season dates, such as weekends in the summer (December to March), Carnival, Christmas and the Fiestas Patrias in November, during which literally the whole country seems to go to the countryside and everything is booked out.

Transportation

Tocumen international airport.

Most people will arrive in Panama City and then continue onwards to other destinations. The airport is the first place where you are likely to leave a hefty sum of money for a taxi if you don't know the tricks. Airport taxis do not have a standard rate and will try to charge you crazy rates starting at $30 (OK rate) and up to $50 (not OK rate).

The alternative is to take an Uber out of the airport , which will typically cost under $20 to go anywhere in the city. There is free WiFi at Tocumen International, so you should be able to use that to order a car. They won't pick you up at the entrance though, you'll need to go to the parking lot instead. Just a note that the government recently introduced new rules for Uber drivers (Jan 2018) and the supply may be somewhat limited at the moment – but hopefully will get back to normal soon.

Alternatively, you can take a bus – walk out of the airport to the main road, which takes about 5 minutes, and very carefully cross the street. There should be buses that say Albrook Corredor Sur that cost $1.50 for the express and take you to the centre of the city, from where you can get a cab for under $5 pretty much anywhere you are going.

There are two types of buses – Metrobus, which is the official bus and the so-called piratas. They are both fine, Metrobus is more comfortable and somewhat safer, but you do need a card to get on, so you'll have to find someone who can let you pass and give them the cash.

Getting Around Panama City

As mentioned above, Uber is one of the best ways to get around. Most rides will cost under $5, unless there is surge pricing, and it's safe and convenient – so hopefully they will figure out their situation with the new laws soon. Taxis are OK too, but you need to know how much you are supposed to pay before you get in and negotiate the price ahead of time, otherwise you are very likely to get ripped off.

The absolute cheapest way is to use the bus or the metro, which cost 25 and 35 cents respectively. They are comfortable, air-conditioned and reasonably frequent on most routes.

Travel Panama On A Budget - Using Uber

Travelling Around the Country

Flights are crazy expensive in Panama because there is practically just one airline that flies to the countryside, so if you are on a tight budget, I wouldn't even bother considering flying. Instead, go by bus and purchase the tickets at the bus station.

A pro tip for bus travel is to bring a warm sweater – they turn the A/C on to unbelievably low temperatures and it gets really cold. The only place you won't be able to get to by bus is Kuna Yala , but the hotel or hostel should be able to arrange transportation for about $30 each way.

Budget Eats

Ideally, find a place to stay that either serves breakfast or has a kitchen for you to cook one. If you don't have this option then look for the chicheros. These are street vendors with a little pushcart that sell fried empanadas, chicken, tortillas and sweet fruit juice. Their food is super tasty, but not particularly healthy, so you can also complement your breakfast with some fruit from the market.

Make sure that at some point you find the typical Panamanian breakfast called ojaldas, these are delicious fried bread, usually served with American cheese, hot dogs or minced meat – they are to die for.

Travel Panama On A Budget - Ojaldas

Ojaldos – Credit: grainmillwagon

In Panama City, the cheapest lunches are to be had on the street. While there isn't a huge street food scene per se, if you are in an area with lots of offices, there will be vendors selling set lunches for anywhere between $2-5.

Most restaurants will also have set lunches at this time, which tend to be much cheaper than the regular menu. If you are in Casco Viejo, try places like Fonda Lo Que Hay, Nazca and Tantalo for delicious food and good prices. In the countryside, things are just generally cheaper, so it shouldn't be hard to find good prices, but looking for a fonda will typically be the best option for a budget meal.

Budget dinners get a little trickier. For this reason, a good bet is to have a kitchen wherever you are staying, since this will cut your costs significantly – just make sure you go to the local grocery store like Machetazo or Super 99 and avoid the likes of El Rey and Riba Smith.

If a kitchen is not an option, then look for happy hours, they will usually have both drinks and food on special, so that makes for an early dinner. And last, but not least, opt for food trucks, smaller food stalls and pizza places that offer better value than restaurants. Once again, in the countryside, you'll probably find OK options to get local favourite at good prices, such as arroz con pollo and patacones with fried fish.

Where to Go

While Panama may not be a super cheap place to visit anymore, there are definitely some sites that are totally worth the extra budget. For travellers on a budget, Panama City can offer a lot of free activities and a variety of alternatives with some research. The hot destinations like Bocas del Toro and Boquete cater to all sorts of tourists and you can generally get great happy hours and budget accommodation.

Meanwhile, Kuna Yala (or San Blas) is not to be missed and comes with a great price tag – about $150 for 2 nights with transportation, all meals and tours. The countryside remains quite accessible and not expensive, although budget travellers may want to avoid places like Contadora Island, which will definitely break the bank!

Travel Panama On A Budget - San Blas panama

As you can see it is perfectly possible to travel Panama on a budget, get out there and enjoy this amazing country.

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Travelling in Panama Where to Stay What to Eat

About The Author

Anna Vichnevetskaia

Anna Vichnevetskaia

Travel is my passion. Not only because it's fun (which it is), but because there is something new to learn in every single place, someone new to meet and a different or unknown to embrace.

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18 things to know before traveling to Panama

Sarah Gilbert

Dec 20, 2023 • 7 min read

Panama, Panama City, portrait of happy young woman on balcony - stock photo

We've got the lowdown on everything you need to know before visiting Panama © Westend61 / Getty Images

If you're looking for idyllic islands, rolling surf, untamed nature and showstopping wildlife,  Panama  is an ideal destination. It sits at the crossroads of the Americas, connecting two oceans, and beyond its cosmopolitan capital and legendary canal , Panama is a biodiversity hotspot. Did you also know it produces some of the world's  finest – and most expensive – coffee?

Here is the top things to know before you go to Panama.

1. Book ahead if you want to join a fiesta

Panamanians love to party, and barely a week goes by without a fiesta, from La Feria de las Flores y del Café in Boquete to the countrywide Carnaval, whose largest and loudest celebrations are in Las Tablas on the Península de Azuero .

There’s also Easter, Christmas and New Year’s. November’s numerous independence-related festivals see shops and offices closed and locals flocking to the beach. Hotel prices often double around public holidays and can be booked out weeks in advance.

A man looking out from El Valle de Anton's crater walk

2. Pack for the season: dry or wet

The country’s tropical climate means two seasons – hot and dry from December to April and hot and wet the rest of the year. Although the amount of rain depends on what coast you’re on, downpours usually come in short, sharp afternoon bursts before the sun forces you to put your Panama hat back on.

Pack high-factor sunscreen and hot-weather clothes, but carry something for the icy air-conditioning and high altitudes. Pack sturdy boots if you’re planning any hardcore hikes.

3. Carry the right amount of currency

The Panamanian Balboa may be the country’s official currency, but the bills in use are US dollars. Prices are listed in $ or B/, but both currencies have the same value.

Carry small bills for tipping, markets and rural areas, and enough cash in case the ATM doesn’t work (or there are no ATMs at all like in the Archipiélago de San Blas of the Comarca de Guna Yala ). 

4. You can’t reach Colombia by road

If you’re thinking of road-tripping south to Colombia , think again. The infamous Darién Gap – the land link between Central and South America – is a mash-up of impenetrable jungle, primordial swamps, poisonous snakes and dubious characters, and there’s no road crossing.  

But if you plan to head north to Costa Rica and beyond, several long-distance bus lines, such as Tica Bus, cover Central America.

A group of travelers look over tables filled with souvenirs at an outdoor market in Panama City, Panama.

5. Know a few keys phrases (and what not to say)

English is widely spoken, especially in Panama City and Boquete, but mastering a few basic Spanish phrases will endear you to the locals and help if you travel away from the tourist hotspots.

Panama may be laid back, but it’s important to be polite. Always greet people – buenas is a catch-all term for hello – and don’t forget to say please ( por favor ) and thank you ( gracias ). Listen out for one-of-a-kind Panamanian phrases, such as que sopa? (what’s up?), buco (a lot), and pinta fria (cold beer).

It's best to avoid subjects involving politics, religion, the Panama Canal and the Panama Papers out of respect to Panamanian residents.   

6. Learn to be more tranquil

Panama moves at a relaxed pace, including in the city, so don’t expect lightning-fast responses to requests. As in most of Central America, punctuality is a loose concept, and service in restaurants can be leisurely – meals are meant to be enjoyed and can stretch over several hours – so it's wise to adjust to the gentle flow of life here. Slow down and relax when you arrive in Panama.

Friends vacationing in Bocas del Toro, Panama

7. The capital has its own dress code

Panamanians dress casually as a rule but tend to be a bit formal in the capital. You don’t have to wear suits or high heels, but the faded T-shirts, short shorts and flip-flops that were fine in Bocas del Toro will look out of place in the city. Also: shirtless men are an absolute no-no.

8. Confirm the fare before taking a cab

Panama’s yellow licensed taxis can be a wallet-friendly way to get around but don’t forget to negotiate a fare before you set off. Taxis aren’t metered, official rates are usually ignored, and tourists are typically overcharged. Ask a local for an idea of a taxi fare cost in advance.

Uber and Lyft are also available in Panama City (although drivers are often willing to go cross-country), along with UberEnglish for non-Spanish speakers and UberAssist for people with mobility issues. 

9. When should you tip, and how much?

Tips aren’t compulsory, but they are welcome. In pricier restaurants, if it’s not already been added onto your bill, leave a 10% gratuity. Taxi drivers don’t expect a tip, but you can round up a fare, and if someone helps you with your luggage, give them around $1 to $2.

10. Respect smoke-free zones

Smoking is prohibited in all indoor public spaces, hotel rooms, workplaces, public transport, outdoor dining spaces and sports venues. You can face a fine if you’re caught smoking in a non-designated area. The same goes for vaping. It’s illegal to import and sell e-cigarettes.

Tourists at Rainforest Discovery Center at Pipeline Road, SOBERANIA NATIONAL PARK, PANAMA

11. Bring repellent to avoid mosquito bites 

Not only are mosquito bites itchy, but they can also spread diseases such as dengue fever, so use a heavyweight bug spray, especially if you’re heading to the jungle.

12. Can I drink the water?

With a combo of heat and humidity, it’s important to keep hydrated, particularly if you plan to get active. Tap water is normally safe to drink, especially in cities, but if you’re going off the beaten track, avoid plastic pollution and invest in a water-filter bottle, which you can fill up from any water source.

13. Stay safe in the city

Panama is one of the safest countries in Central America, but it always pays to take a few precautions. Pickpocketing is common in crowded areas of Panama City, including bus stations, markets and shopping areas, so keep your valuables safe.

As in any big city, steer clear of poorly lit streets or wandering around new neighborhoods alone after dark. Avoid carrying all your credit cards at once – or wads of cash – and if you need an ATM, try to use one inside a bank during the day.

Report a crime by dialing 511 9260 (the Tourist Police in Panama City) or 104 (National Police), and keep the number of your embassy handy.

14. In case of a medical emergency

If you need emergency medical assistance, dial 911 for an ambulance. Panama City has good hospitals and clinics, but facilities are more limited outside the capital.

Make sure you have adequate travel insurance and read the fine print before you depart.

15. Keep an eye on the weather  

Before you take the plunge on Panama’s two coastlines, check for strong currents or riptides. Inland, heavy rains can cause flash flooding and landslides – October and November are usually the wettest months – so check the weather forecast and follow local advice before hitting the hiking trails, especially if you're going without a local guide.

A sloth hangs in a tree in a forested area in Panama

16. Be wary when interacting with wildlife

While the risk is low, keep your eye out for venomous snakes, such as the fearsome fer-de-lance, while trekking along jungle trails, and avoid swimming in rivers unless you know they’re crocodile-free.

17. Always carry a copy of your ID

Foreign visitors are asked to carry their passports at all times, and the police sometimes check, but it’s safer to carry a photocopy or photo of the opening pages and entry stamp and leave the real thing somewhere secure.

18. Steer clear of drugs

Panama takes its drug laws very seriously. Getting caught with a small amount of illegal drugs, or even being with someone who is using drugs or has them in their possession, is grounds for arrest and can lead to a heavy fine or a harsh prison sentence.

This article was first published May 10, 2022 and updated Dec 20, 2023.

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Top luxury hotels in Panama

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Hotel Las Americas Golden Tower Panamá

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Villa Palma Boutique Hotel

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The Santa Maria, a Luxury Collection Hotel & Golf Resort, Panama City

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Bristol Panama, a Registry Collection Hotel

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Bocas del Mar

Panama - the estimated travel expenses for food, public transport, attractions entrance and accommodation., how much does a trip to panama cost.

Panama - Prices

Currency in Panama is Panamanian Balboa

Panama prices guide., if you are travelling alone to panama, depending on your expectations, you will pay for an overnight stay from 31 usd for a hostel to 180 usd for a luxury hotel., the other daily costs you have to pay when travelling to panama are:.

  • Food 9.90 USD
  • Meals in restaurants 11 USD
  • Bottled water 1.50 USD
  • Local transportation 1.80 USD
  • Entrance tickets 21 USD
  • Alcoholic beverages 3.90 USD

As you can see - a stay for a few days in Panama can cost 188 USD or 1,000 USD, depending on whether you are a frugal tourist or you are planning to spend a luxurious holiday in Panama.

How much US Dollar should I have for one week in Panama?

If you want to spend a week in Panama the cost of your stay will be:

  • 438 USD - a cheap stay for 7 days in Panama
  • 466 USD - a budget travel for 7 days in Panama
  • 917 USD for a one week of comfortable stay in Panama
  • 2,400 USD for a week of luxury holidays in Panama

How much money do I need per day to stay in Panama?

If you are travelling alone to Panama, 63 USD a day should be enough. If you choose a hotel for your stay in Panama, the price will rise to 67 USD. A couple will have to pay around 110 USD for one day in Panama. A family with two children should have 200 USD for one day stay in Panama.

How to visit Panama on a low budget? How to travel Panama cheaply? How to save money while travelling in Panama?

In order not to exceed reasonable expenses during a trip to Panama, which we estimate at 67 USD for a one day, you must comply with the following rules:

  • Choose to stay in a hostel (31 USD) or in a cheap hotel (26 USD).
  • Use public transport. The price for a one-way ticket is 0.45 USD and for a monthly pass 25 USD.
  • Make your own breakfast and own dinner. Daily shopping cost in the shop is around 9.90 USD in Panama.
  • Choose restaurants outside the city centre and close to tourist attractions. Meal in a cheap restaurant cost around 10.00 USD in Panama. McMeal at McDonalds (or equivalent meal in other fastfood restaurant) costs approximately 8.00 USD.

Car-related costs are mainly fuel, road tolls and parking fees. Of course, the price depends on the purpose of the journey and energy efficiency of a vehicle.

In Panama, you will pay for the fuel accordingly:

  • Petrol price in Panama is around: 0.98 USD
  • Diesel fuel price in Panama is around: 0.93 USD
  • 1kg sausage: 14 USD
  • 0,5 kg bread: 2.30 USD
  • 10 eggs: 2.50 USD
  • 1kg cheese: 10 USD
  • 1 liter milk: 1.70 USD
  • 1 kg apples: 3.00 USD
  • Bottle of local beer (0,5 liter): 2.00 USD

Car rental prices in Panama

  • What is the average price for a car rental in Panama?
  • How much does it typically cost to rent a car in Panama?
  • Is it cheaper to rent a car for a week in Panama?

What is most famous in Panama? How much does an average entrance to travel attractions in Panama cost?

The most important tourist attractions in panama that we recommend:, the museums worth a visit in panama:, on warmer days, we recommend walking in parks in panama. below is a list of the largest and most interesting parks in panama. parks in panama:, book the best hotels in panama - in partnership with booking.com, compare hotel rates in panama and save up to 80%.

Hotel near Panama

Hotel Faranda Guayacanes, a member of Radisson Individuals

Hotel near Panama

JW Marriott Panama

Hotel near Panama

Riande Urban Hotel

Hotel near Panama

Hotel Avila Panama

Hotel near Panama

Hotel Bambito By Faranda Boutique, a member of Radisson Individuals

Hotel near Panama

Casa Guardia Panama

Compare travel cost and expenses in specific cities in panama 2024.

Trip Advisor: Anna Howard

Anna Howard

Anna is travel expert at hikersbay.com (34 years old, zodiac sign: leo).

Champion Traveler

Cost of a Trip to Panama City, PA & the Cheapest Time to Visit Panama City

The average price of a 7-day trip to Panama City is $688 for a solo traveler, $1,236 for a couple, and $2,316 for a family of 4 . Panama City hotels range from $31 to $129 per night with an average of $61, while most vacation rentals will cost $80 to $380 per night for the entire home. Average worldwide flight costs to Marcos A Gelabert International Airport ( PAC ) are between $227 and $294 per person for economy flights and $712 to $923 for first class. Depending on activities, we recommend budgeting $30 to $45 per person per day for transportation and enjoying local restaurants.

See below for average , budget , and luxury trip costs. You can also look up flight costs from your airport for more tailored flight pricing.

The Cheapest Times to Visit Panama City, PA

On average, these will be the cheapest dates to fly to PAC and stay in a Panama City hotel:

  • October 8th to November 18th (except the week of October 29th)

The absolute cheapest time to take a vacation in Panama City is usually mid November .

Average Panama City Trip Costs

Average solo traveler.

The average cost for one person to visit Panama City for a week is $639-$940 ($91-$134 per day)

Food, Travel, and Sightseeing : $30 to $45 per day for one person’s daily expenses

Flights : $225 to $241 for economy

Lodging : $34 to $58 per night for one 2 or 3-star hotel room

or $52 to $64 per night for a 1-bed vacation rental

Average Couple’s Trip

The average cost for a couple to visit Panama City for a week is $1,078-$1,602 ($154-$229 per day)

Food, Travel, and Sightseeing : $60 to $90 per day for two people’s daily expenses

Flights : $450 to $482 for economy

Average Family Vacation

The average cost for 4 people to visit Panama City for a week is $2,148-$2,920 ($307-$417 per day)

Food, Travel, and Sightseeing : $120 to $180 per day for four people’s daily expenses

Flights : $900 to $964 for economy

Lodging : $68 to $116 per night for two 2 or 3-star hotel rooms

or $73 to $90 per night for a 2-bed vacation rental

Traveling Cheap to Panama City

How cheap can you make a vacation to Panama City? The cheapest trip to Panama City is about $62 per person per day for travelers willing to take standby flights, deal with inconvenience, and otherwise limit travel expenses. About 10% of rentals are available in the $0 to $100 range for an entire place, and vacation rentals can be booked for as low as $20 per night. These inexpensive rentals must be booked as early as possible and may not be in the most desirable areas. 1-star hotels are more likely to be available, with rooms starting at around $27.

Even cheaper trips are possible depending on where you live and whether you can drive. Check the cheapest times to fly for more saving ideas.

Budget Solo Traveler

The lowest cost for one person to visit Panama City for a week is $436-$723 ($62-$103 per day)

Food, Travel, and Sightseeing : $13 to $26 per day for one person’s daily expenses

Lodging : $27 to $31 per night for one 1-star hotel room

or $20 to $50 per night for a 1-bed vacation rental

Budget Couple’s Trip

The lowest cost for a couple to visit Panama City for a week is $752-$1,146 ($107-$164 per day)

Food, Travel, and Sightseeing : $26 to $52 per day for two people’s daily expenses

Budget Family Vacation

The lowest cost for 4 people to visit Panama City for a week is $1,456-$2,172 ($208-$310 per day)

Food, Travel, and Sightseeing : $52 to $104 per day for four people’s daily expenses

Lodging : $54 to $62 per night for two 1-star hotel rooms

or $32 to $80 per night for a 2-bed vacation rental

Overall it is easy to travel to Panama City cheaply.

The Cost of a Luxury Panama City Trip

There is no true ceiling on the cost of a luxury trip, so our estimates are based on what most people do in Panama City.

Luxury Solo Traveler

The high-end price for one person to visit Panama City for a week is $1,629-$6,048 ($233-$864 per day)

Food, Travel, and Sightseeing : $57 to $86 per day for one person’s daily expenses

Flights : $612 to $658 for first class

Lodging : $103 to $129 per night for one 4 or 5-star hotel room

or $380 to $798 per night for a preferred vacation rental

Luxury Couple’s Trip

The high-end price for a couple to visit Panama City for a week is $2,640-$7,308 ($377-$1,044 per day)

Food, Travel, and Sightseeing : $114 to $172 per day for two people’s daily expenses

Flights : $1,224 to $1,316 for first class

Luxury Family Vacation

The high-end price for 4 people to visit Panama City for a week is $5,280-$12,222 ($754-$1,746 per day)

Food, Travel, and Sightseeing : $228 to $344 per day for four people’s daily expenses

Flights : $2,448 to $2,632 for first class

Lodging : $206 to $258 per night for two 4 or 5-star hotel rooms

or $608 to $1,197 per night for a preferred vacation rental

Panama City Hotel Prices

The cost of staying in Panama City is lower than the average city. On average hotels are less expensive than vacation rentals. Luxury vacation rentals are more expensive in Panama City due to very high property costs. The graphs below show how much cost can vary depending on the type of experience you’re looking for.

Panama City Lodging Cost by Star Status

The average price for the class of hotel is on the (y) axis. The hotel class (out of 5 stars) is on the (x) axis.

Prices are based on Panama City hotel averages and may not reflect current prices. In some cases, we extrapolate prices to estimate costs, and hotels with your desired star rating may not be available.

Vacation Rental Prices

The percent of vacation rentals in the price range is on the left (y) axis. Price range is on the bottom (x) axis.

There are a healthy amount of vacation rentals serving all budgets in Panama City.

Flight Costs to Panama City

Averaging flights around the world, prices go from a high of $294 average in mid to late August to a low of $227 in mid November. Median flight price is $234. These prices are based on millions of flights. For Panama City our data includes 35 originating airports, and several airlines. The area has average variance in price compared with other locations. Flying to Panama City from an airport like Juan Santamaria International ( SJO ) in San Jose (Costa Rica) for an average $334 trip fare will obviously cost a lot more than from an airport like Enrique Malek International ( DAV ) in David (Panama) at an average of just $222.

Average Flight Cost by Season

Average flight cost by day of week.

The cheapest day to fly in is typically Saturday, and the cheapest day to fly back is usually Saturday. Click here to see data for the cost of flights from your airport. In Panama City, the difference between the cheapest and the most expensive week is about $66, so you can easily save about 29% simply by using our free flight guides and booking in advance.

Daily Expenses Budget

Daily vacation expenses vary more based on what you’re interested in doing. A fine dining restaurant with drinks around Panama City can easily cost $190 per person or more, while a standard nice meal might be about $13 per person. Private tours can cost $387 per day, but self-guided tours to see the outdoor sights can be free. Costs vary wildly, so recommendations are made based on the cost of living and averages we see for this type of vacation.

Other Panama City Guides

Travel costs nearby.

  • Marbella, Panama
  • El Cangrejo, Panama
  • Obarrio, Panama
  • Casco Viejo, Panama
  • San Miguelito, Panama
  • Causeway Islands, Panama
  • Costa del Este, Panama
  • Tanay, the Philippines
  • Playa Bonita Village, Panama
  • Paraiso, Panama

Travel Costs in Popular Places

  • Nong Khae, Thailand
  • Hawaii Island, the United States
  • Santorini, Greece

Watch CBS News

Hurricane Beryl maps show path and landfall forecast

By Cara Tabachnick , Emily Mae Czachor

Updated on: July 4, 2024 / 2:23 PM EDT / CBS News

Hurricane Beryl  was moving toward Mexico on Thursday after blowing past the Cayman Islands and Jamaica. It made landfall Monday on the island of Carriacou in Grenada while tearing through the Caribbean , strengthening at times to a Category 5 storm — the  strongest rating .

What is the projected path of Hurricane Beryl?

The U.S. National Hurricane Center in Miami said the center of Beryl was moving away from the Cayman Islands on Thursday and was expected to hit Mexico's Yucatan Peninsula early Friday. Beryl was expected to emerge in the Gulf of Mexico on Friday night. "Weakening is forecast during the next day or two, though Beryl is forecast to remain a hurricane until it makes landfall on the Yucatan Peninsula," the hurricane center said.

A hurricane is considered major when it's a Category 3 or higher, with winds of at least 111 mph. As of Thursday afternoon, Beryl was a Category 2 with maximum sustained winds of 110 mph, the hurricane center said.

Beryl was some 135 miles west of Grand Cayman island and 275 miles east-southeast of Tulum, Mexico. It was moving west-northwest at 18 mph, according to the center.

174432-5day-cone-no-line-and-wind.png

Will Hurricane Beryl hit Texas?

CBS affiliate KHOU-TV reported  that whether Beryl  crashes into Texas depends on how much strength it loses as it goes over land as well as conditions in the Gulf of Mexico in the coming days. One key factor will be how wind shear affects Beryl.

"The flow of the wind pattern as it enters the Gulf is going to be more hostile," KHOU-TV meteorologist Kim Castro said. "The atmospheric conditions are going to start ripping it apart."

Another factor will be an area of high pressure in Texas that has been acting as a barrier but is forecast to move east later this week.

"Depending on where Beryl is situated, it could track towards Tampico (Mexico), the area where these tropical storms have tracked so far this season," Castro said. "…However, if this tracks a little further to the north, there would be nothing to kind of nudge it south, so there is a little exposure to the Texas coastline."

The hurricane center urged people in southern Texas to monitor Beryl's progress.

144841.png

A hurricane warning was in effect for parts of the Yucatan's east coast.

Where is Hurricane Beryl bringing rain and flooding?

Jamaica experienced torrential rainfall and life-threatening flash flooding Wednesday. 

The hurricane center said Thursday the Caymans were forecast to get 4 to 6 inches of rain from Beryl. "Over the Yucatan Peninsula, Beryl is expected to produce rainfall totals of 4 to 6 inches, with localized amounts of 10 inches, later today into Friday. Scattered instances of flash flooding are anticipated," the center continued.

Beryl became the  first hurricane  of the 2024  Atlantic hurricane season  on Saturday and rapidly strengthened. It first reached Category 4 on Sunday, wavering back to Category 3 before returning to Category 4 on Monday and then becoming a Category 5 later Monday night. It is the first major hurricane east of the Lesser Antilles on record for June, according to Philip Klotzbach, Colorado State University hurricane researcher.

Brian McNoldy, a tropical meteorology researcher for the University of Miami, told The Associated Press warm waters are fueling Beryl, with ocean heat content in the deep Atlantic the highest on record for this time of year.

Hurricane Beryl is seen in the Caribbean in a satellite image at 8:50 a.m. EDT, July 4, 2024.

Beryl has also set records  as the first June hurricane ever to hit Category 4, the farthest east a storm has ever hit Category 4, and the first storm before September to go from tropical depression to major hurricane in under 48 hours, CBS News weather producer David Parkinson reported.

Beryl was also the earliest Category 5 hurricane ever recorded in the Atlantic basin and was only the second Category 5 storm recorded in July since 2005, according to the hurricane center.

Brian Dakss, Alex Sundby and The Associated Press contributed to this report.

Cara Tabachnick is a news editor at CBSNews.com. Cara began her career on the crime beat at Newsday. She has written for Marie Claire, The Washington Post and The Wall Street Journal. She reports on justice and human rights issues. Contact her at [email protected]

More from CBS News

Hurricane Beryl is a historic storm. Here's why.

Beryl leaves trail of devastation in Caribbean islands: "The situation is grim"

Hurricane Beryl damages or destroys 90% of homes on one island, leader says

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Street in Casco Viejo

Panama City Sightseeing & Canal Tour

The Panama City & Canal Tour is the perfect introduction to Panama City and its Canal. Along this captivating journey through the heart of Panama City, you will see highlights such as the renowned Ancon Hill, must-see places such as Casco Viejo - the old town with its beautiful and colorful colonial architecture, the Amador Causeway with spectacular views of the skyline and ocean and much more!

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Monkey Island Eco Tour

This Monkey Island Panama Tour is an unforgettable adventure through the fauna and flora of Panama's luscious rainforest on a private boat will allow you to explore the fascinating biodiversity that resides within the Panama Canal. You may experience close encounters with its residents such as the capuchin and the Geoffroy's tamarin monkeys along with a variety of bird species, reptiles and much more.

Starting from $99/pers $139/pers

Monkey Island

Embera Village & Waterfall Eco Tour

Delve into the vibrant culture and breathtaking natural beauty of the Embera Village on this immersive tour. From traditional dances and handicraft demonstrations to pirogue rides through lush rainforests, discover the rich traditions and stunning landscapes of the Emberá community in an unforgettable adventure on the Chagres River and National Park.

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Tell us about your dream tour or vacation itinerary and we will make it happen.

Looking to spend the best week discovering the wonders of Panama? Take a look at our pre-assembled multi-day packages

Our multi-day packages offer immersive journeys through Panama, featuring rich cultural experiences, stunning natural landscapes, and exciting adventures, tailored to provide an unforgettable travel experience. As an example, our 8-day package, "Discover Panama's Paradise," takes you on a journey through the country's rich culture, stunning natural beauty, and thrilling adventures, including visits to historical sites, lush rainforests, vibrant cities, and serene beaches. Transportation, guides, tours, hotels, and even a personalized concierge services are all included.

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Medical Tourism in Retirement: Healthcare Costs, Opportunities and Risks

panama daily travel costs

July 02, 2024 — 07:05 am EDT

Written by John Boitnott for Due.com  ->

The medical tourism market has grown significantly , with patients worldwide choosing to travel outside of their country for medical care , both necessary and elective. In the US, the government estimates that more than 150,000 Americans each year travel abroad seeking healthcare.

One emerging segment within this sector is older patients who elect to get their care overseas. This trend toward medical tourism among retirees exists at least partly because they want access to affordable, quality healthcare services since costs continue to rise. This article examines the opportunities and risks of medical tourism for retirees, factors to consider, real-life examples, and alternative strategies for managing healthcare expenses .

What is Medical Tourism, and Why is it Attractive for Seniors?

Medical tourism involves traveling to another country to receive medical care . The countries chosen for medical tourism are often tourist destinations that happen to offer medical care at a lower cost than in the tourist’s home country.

For seniors on fixed incomes facing increasing healthcare costs as they age, medical tourism can be an appealing way to access quality medical care that stretches their retirement budget. Destinations like Costa Rica, Singapore, Canada, Thailand, and even India offer healthcare services comparable to those in the U.S. at a substantially reduced cost.

Medical tourism allows seniors to combine low-cost medical care with a vacation. It allows the rest and rehabilitation part of medical care to occur in a desirable destination.

When medical care conflicts with a patient’s cultural or religious practices, it can become a reason for patients not to get the medical care they need. Traveling to a country where the culture more closely aligns with the patient’s concerns can alleviate those concerns.

Many seniors favor a holistic approach to medicine. Medical tourism can connect them with facilities that emphasize practices like naturopathy, ayurvedic medicine, or acupuncture.

What are the Top Medical Tourism Destinations for Retirees?

While the list of countries offering affordable healthcare is quite long, several countries have emerged as popular medical tourism locations for seniors. These countries provide affordable healthcare, state-of-the-art medical facilities, and comfortable living options. These destinations also provide hospitals with English-speaking staff, prestigious international accreditations, and doctors who specialize in procedures seniors seek, such as cataract surgery, dental work, and hip and knee replacement.

According to the American Journal of Medicine, Costa Rica is the top location for medical tourism. It combines the best of medicine and tourism . With doctors trained in the US and Europe, Costa Rica provides competitive medical care in a location known for its resorts and the natural beauty of its rainforests.

Costa Rica specializes in low-cost, high-quality dental and cosmetic procedures and is also becoming known as a destination for cancer therapy and bariatric surgery .

People visiting Thailand for medical tourism can get care that costs 25 to 75 percent less than the same care in the US. But it’s not just the low price that attracts seniors. Thailand is home to highly trained and experienced English-speaking doctors specializing in dental care and orthopedics.

Thailand has also made impressive advances in using advanced medical devices and treatment options. At the same time, it also boasts tropical weather, beautiful beaches, and modern cities that can satisfy any tourist.

Mexico is a very popular tourist destination for its resorts and cultural areas, but it’s also an attractive medical tourism spot for several reasons. Like other destinations, patients flock to Mexico for high-quality, low-cost dental and cosmetic procedures.

But Mexico also offers low-cost prescription drugs in a location very close to the United States, where drugs are considerably more expensive. The Joint Commission licenses seven hospitals in Mexico’s health system, saying that it has the same standard used to accredit U.S. hospitals. You can contact the Joint Commission to find out which hospitals have licenses and accreditation from them.

Like other countries, Malaysia can boast world-class medical facilities and low-cost healthcare compared to the US. However, Malaysia has some other characteristics that differentiate it as a medical tourism destination.

Malaysia has seen a steady rise in the number of healthcare professionals working in its system in the last decade. The majority of those healthcare workers are female , which paints Malaysia as a female-friendly medical destination for both doctors and patients.

Unlike other destinations that focus on dentistry or cosmetic surgery, Malaysia is best known for fertility and cardiology. Its capital, Kuala Lumpur, is home to the Cardiac Vascular Sentral Kuala Lumpur and the KL Fertility and Gynecology Centre, both of which many experts consider the best in Asia in their respective fields. Malaysia’s reputation as a cultural melting pot means that American citizens of Indian, Chinese, or Malay descent can find medical care that aligns with their cultural values.

Like Mexico, Panama is easily accessible for North American patients seeking affordable medical care. Like Costa Rica, Panama has beautiful beaches and cultural sites that can provide a restful vacation. Panama maintains two healthcare systems: a private system for specialized care and a public system for basic healthcare, check-ups, and health education. Even the currency is pegged to the U.S. dollar, so cost comparison is easy.

Panama offers healthcare to its patients across a variety of disciplines, including geriatrics . Most medical staff have been trained abroad and are English-speaking, which removes language barriers for older Americans. Panama has hospitals that have received Joint Commission accreditation.

How Much Can Retirees Really Save Through Medical Tourism?

Medical tourism can offer considerable cost savings. Procedures in medical tourism destinations often cost 50-70% less than in the US, especially for elective surgeries that health insurance sometimes doesn’t cover.

For example, a knee replacement that costs in excess of $30,000 in the U.S. might cost roughly $12,000 in a premier medical tourism destination like Costa Rica. Even when considering travel costs, seniors can save thousands of dollars, making medical care much more accessible. Thoroughly research options and get detailed cost estimates before scheduling a medical procedure overseas.

Most medical tourists pay for the medical care they receive during service. However, some US-based health insurers have alliances with facilities outside of the United States, meaning that retirees can take advantage of that if their insurer participates.

What Kinds of Procedures are Well-Suited for Medical Tourism?

While medical tourism isn’t appropriate for all health situations, many standard procedures seniors want and need can be good candidates. Medical tourists often purchase elective procedures such as joint replacements, cataract removal, dental implants and dentures, and cosmetic surgeries because they can be scheduled in advance and planned much the way you would plan a typical vacation.

More complex procedures, like heart surgery, may also be options in leading medical tourism destinations with world-class facilities, even though they are driven by more immediate medical needs. The key is matching the procedure to high-quality, accredited providers and facilities.

What Risks and Drawbacks Should Retirees Be Aware Of?

While the cost savings of getting medical procedures in another country are very attractive, medical tourism does carry some risks that retirees should carefully weigh before deciding to travel. Quality of care can vary, so it’s critical to thoroughly vet providers. It’s essential to check the qualifications of doctors and the accreditations of healthcare facilities both here and abroad.

Follow-up care can also be challenging if issues arise after returning home. This can also eat away at cost savings if an unexpected return trip is required. If anything goes wrong that could present a possible legal or malpractice situation; legal recourse is dependent on the laws of the country where the procedure was done and how those laws relate to non-citizens. Seniors should also consider the risks and challenges of travel. This is especially important when dealing with mobility issues or serious health conditions.

Countries may also have different standards for medical ethics. Many countries have facilities and practitioners that operate ethically, but one country may consider a drug or procedure experimental, while in another country — it may be approved. Seniors should be informed about these standards before scheduling treatment.

How Can Retirees Evaluate and Choose Medical Tourism Options?

Retirees considering medical tourism should extensively research the destination country and the facility they plan to use. This can guide the planning phase of determining where to stay and for how long. Be sure to look into practical matters like travel, lodging options, and language barriers.

Key factors to consider include quality of facilities, physician training and experience, accreditations such as Joint Commission International, and past patient experiences. Detailed cost estimates can help you understand what services and amenities are omitted. Consulting a reputable medical tourism facilitator can help navigate the available options.

What Role Can Medical Tourism Play in a Broader Retirement Healthcare Strategy?

While medical tourism is not the answer for all ailments, for some retirees, it may be an effective way to control healthcare costs as part of an overall strategy. It can be combined with options like Medicare Advantage, supplemental insurance, and health savings accounts (but check to see if your health savings are tax-deductable in another country).

Retirees should take a realistic look at their healthcare needs, budget, and risk tolerance. This will help them determine if and how medical tourism fits their plans. There are private companies and medical concierge services that can assist seniors in identifying foreign healthcare providers that can cost-effectively meet their needs.

Are There Alternatives to Medical Tourism for Managing Healthcare Costs in Retirement?

While medical tourism can be a cost-saving option, there are other ways for retirees to manage health expenses. Choosing a retirement destination with lower healthcare costs and a lower overall cost of living can help your healthcare dollars go further. Utilizing Medicare Advantage and other supplemental insurance options can help defray expenses. But, knowing what each type of plan covers is essential before entering into one. For example, Medicare Advantage may cover procedures that Medicare does not but may have a more restrictive network of doctors.

Maintaining a healthy lifestyle to prevent health issues can prolong your overall health, keeping the heart and joints healthier for longer. Planning ahead for long-term care needs, like purchasing long-term care insurance, can also defray the costs of chronic medical problems. Retirees should explore a variety of options to find the best fit for their individual circumstances.

A Great Option for Seniors

Medical tourism offers a unique opportunity to access healthcare that may otherwise be cost-prohibitive. However, it’s not without its risks and drawbacks. Medical tourism should not be entered casually but should be considered part of a comprehensive retirement healthcare strategy .

Healthcare systems worldwide are not created equal, and they all have strengths and limitations. By understanding the options and taking a proactive approach, retirees can make informed decisions about managing their healthcare needs and costs in retirement. Under the right circumstances, medical tourism can provide seniors with a cost-effective option for high-quality healthcare.

The post Medical Tourism in Retirement: Healthcare Costs, Opportunities and Risks appeared first on Due .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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As Panama closes Darien Gap corridor, US will pay for flights to remove migrants

The United States will pay for flights to help Panama remove migrants in an effort to deter irregular migration that officials say harms vulnerable migrants. Panama’s new president will shut down the Darién Gap, a superhighway for migration to the U.S.

  • By Rebecca Santana Associated Press

July 2, 2024 | Washington

The United States is going to pay for flights and offer other help to Panama to remove migrants under an agreement signed July 1, as the Central American country’s new president has vowed to shut down the treacherous Darién Gap used by people traveling north to the United States.

The memorandum of understanding was signed during an official visit headed by Homeland Security Secretary Alejandro Mayorkas to Panama for the inauguration July 1 of José Raúl Mulino, the country’s new president.

The deal is “designed to jointly reduce the number of migrants being cruelly smuggled through the Darién, usually en route to the United States,” National Security Council spokesperson Adrienne Watson said in a statement.

The efforts to send some migrants back to their homelands “will help deter irregular migration in the region and at our southern border, and halt the enrichment of malign smuggling networks that prey on vulnerable migrants,” she said.

“Irregular migration is a regional challenge that requires a regional response,” Mr. Mayorkas said in a statement.

Shortly after Mr. Mulino’s inauguration, the Panamanian government released a statement saying Mr. Mayorkas had signed an agreement with Panama’s Foreign Affairs Minister Javier Martínez-Acha in which the U.S. government committed to covering the cost of repatriation of migrants who enter Panama illegally through the Darién.

The agreement said the U.S. would support Panama with equipment, transportation, and logistics to send migrants caught illegally entering Panama back to their countries, according to Panama.

Mr. Mulino, the country’s former security minister and new president, has promised to shut down migration through the jungle-clad and largely lawless border.

“I won’t allow Panama to be an open path for thousands of people who enter our country illegally, supported by an international organization related to drug trafficking and human trafficking,” Mr. Mulino said during his inauguration speech.

Under the terms of the agreement, U.S. Homeland Security teams on the ground in Panama would help the government there train personnel and build up its own expertise and ability to determine which migrants, under Panama’s immigration laws, could be removed from the country, according to two senior administration officials.

They spoke to The Associated Press on condition of anonymity to give details of the agreement that had not yet been made public.

For those migrants who are to be removed, the U.S. also would pay for charter flights or commercial airplane tickets for them to return to their home countries. The officials didn’t specify how much money the U.S. would contribute overall to those flights or which countries the migrants would be removed to.

The officials said the U.S. would be giving assistance and expertise on how to conduct removals, including helping Panama officials screen migrants who might qualify for protections. But the U.S. is not deciding whom to deport, the officials said.

The program would be entirely under Panama’s control, aligning with the country’s immigration laws, and the decisions would be made by that government, the U.S. officials said. They added that Panama already has a repatriation program but that it’s limited.

The agreement comes as Panama’s Darién Gap has become a superhighway of sorts for migrants from across the Southern Hemisphere and beyond who are trying to make it to the U.S. The Darién Gap connects Panama and Colombia to the south.

More than half a million people traversed the corridor last year and more than 190,000 people have crossed so far in 2024, with most of the migrants hailing from Venezuela, Ecuador, Colombia, and China.

The agreement comes as the Biden administration has been struggling to show voters during an election year that it has a handle on immigration and border security. Former President Donald Trump, who’s made immigration a key election year issue, has starkly criticized Mr. Biden, saying he’s responsible for the problems at the border.

In early June, President Joe Biden announced a new measure to cut off access to asylum when the number of people arriving at the southern border reaches a certain number. Homeland Security officials have credited those restrictions with cutting the number of people encountered by Border Patrol by 40% since they were enacted.

The administration has also moved to allow certain U.S. citizens’ spouses without legal status to apply for permanent residency and eventually citizenship without having to first depart the country. The action by Mr. Biden, a Democrat, could affect upwards of half a million immigrants.

This story was reported by The Associated Press. Juan Zamorano in Panama City contributed to this report.

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Shorter Distance, Longer Stays: Climate Researchers Call for New Approach to Destination Marketing

Sean O'Neill , Skift

July 4th, 2024 at 11:06 AM EDT

As climate policies raise the cost of air travel, particularly in Europe, some destination marketers may find it's riskier to bet on tourism growth from long-haul markets.

Sean O'Neill

Should Europe’s tourism agencies stop trying to get travelers to fly long distances for quick visits? The issue is climate change and these long-haul trips are a big contributor.

A recent study published in Tourism Geographies suggests that some tourism authorities may want to target their marketing at more nearby markets.

The research was presented to the European Travel Commission and Skift reached out to the report’s lead author to learn more.

“The umbrella tourism organization seems to want its member nations to embrace this approach of reducing marketing efforts in long-haul and some medium-haul markets,” Stefan Gössling of Norways’ Linnaeus University told us.

The Study’s Key Claims

The study looked at a dozen countries and how their national destination marketing organizations targeted international markets for inbound tourism. Its findings were stark.

  • Examining a dozen countries, it revealed that emissions per arrival from target markets vary dramatically — from a modest 0.2 tons of carbon dioxide for nearby markets to a hefty 2.5 tons for long-haul destinations.
  • The culprit? Distance. The average journey length to these markets ranged from roughly 2,500 to 5,000 miles.
  • Perhaps most tellingly, in the countries studied, a mere 17% of the most distant arrivals were responsible for a whopping 62% of carbon emissions.

Making ‘Proximity Tourism’ a Trend

As governments grapple with the climate crisis, the cost of long-distance travel is likely to rise, potentially dampening demand. Long-haul commercial flights will likely become costlier as some governments impose increased taxes and regulations on jet fuel.

“It’s a risk assessment for destination marketers,” Gössling said. “Do you then want to invest and become dependent on inbound tourism from distant markets exposed to potential run-ups in the price of long-haul travel?”

panama daily travel costs

Changing Tourism Marketing Tactics?

The authors advocate for a shift in tourism management approaches. One tactic they suggest is to incentivize destination marketers to encourage visitors to stay longer rather than simply growing arrival numbers overall.

“You can bring down emissions significantly while maintaining the tourism system,” Gössling said, claiming that several shifts in the tourism mix could spare tourism boards from losing overall economic benefits.

Already some countries have begun tracking metrics that could help shift their tourism target mix.

“Germany has a very advanced dashboard that links tourist spending and length of stay and emissions, and that allows them to potentially optimize,” Gössling said. “Norway has a dashboard for arrivals that allows operators to look into emissions estimates.”

Yet advice may not apply equally and everywhere. Some isolated countries like Australia and Iceland may have relatively little choice about accepting long-haul tourism.

Many tourism boards are led by people who will not be in their roles by the time long-haul flights become prohibitively expensive. Thus, many of today’s tourism leaders may only care about short-term goals and disregard potential risks.

It remains unclear whether tourism will be yet another sector that finds it effectively impossible to act on the needed scale to prevent catastrophic climate change. It’s also unknown if organizations like the European Travel Commission can prompt key member nations to at least test new marketing campaigns.

“The authors rightly recognize the daunting challenge of decarbonizing the tourism industry, especially in light of the ambitious growth aspirations,” said Robin Gilbert-Jones, an analyst at Skift Research. “Air travel in particular, given the lack of current practical decarbonization solutions, faces a long and costly decarbonization journey and will inevitably fall behind other industries in the short-term.”

Regenerative Tourism: What Is It? What Are the Challenges?

Regenerative Tourism: What Is It? What Are the Challenges?

Skift’s research shows that there are real developments taking place and that it is still early enough for savvy destinations and businesses to make their mark with innovative approaches to green travel under the regenerative banner.

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Our daily coverage of the global travel industry. Written by editors and analysts from across Skift’s brands.

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Tags: climate change , destination management , destination marketing , destination marketing organizations , environment , europe , european commission , european travel , european travel commission , european union , global tourism , green , long haul travel , long-haul , long-haul flights , tourism marketing

  • Travel Planning Guide

Travel Budget for Panama City Visit Panama City on a Budget or Travel in Style

  • Panama City Costs

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  • Panama City Hotel Prices
  • Best Hotels for One Week in Panama City
  • Best Hotels for First Time Visitors in Panama City
  • Best Hotels for a Weekend Getaway in Panama City
  • Is Panama City Expensive?
  • How much does a trip to Panama City cost?
  • Is Panama City Worth Visiting?
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  • How much does it cost to travel to Panama City? (Average Daily Cost)
  • Panama City trip costs: one week, two weeks, one month

Is Panama City expensive to visit?

  • How much do I need for a trip to Panama City?
  • Accommodation, Food, Entertainment, and Transportation Costs
  • Travel Guide

How much does it cost to travel to Panama City?

You should plan to spend around $224 per day on your vacation in Panama City. This is the average daily price based on the expenses of other visitors.

Past travelers have spent, on average for one day:

  • $66 on meals
  • $48 on local transportation
  • $257 on hotels

A one week trip to Panama City for two people costs, on average, $3,130 . This includes accommodation, food, local transportation, and sightseeing.

All of these average travel prices have been collected from other travelers to help you plan your own travel budget.

  • Travel Style: All Budget (Cheap) Mid-Range Luxury (High-End)
  • Average Daily Cost Per person, per day $ 224
  • One Week Per person $ 1,565
  • 2 Weeks Per person $ 3,130
  • One Month Per person $ 6,706
  • One Week For a couple $ 3,130
  • 2 Weeks For a couple $ 6,259
  • One Month For a couple $ 13,413

How much does a one week, two week, or one month trip to Panama City cost?

A one week trip to Panama City usually costs around $1,565 for one person and $3,130 for two people. This includes accommodation, food, local transportation, and sightseeing.

A two week trip to Panama City on average costs around $3,130 for one person and $6,259 for two people. This cost includes accommodation, food, local transportation, and sightseeing.

Please note, prices can vary based on your travel style, speed, and other variables. If you're traveling as a family of three or four people, the price per person often goes down because kid's tickets are cheaper and hotel rooms can be shared. If you travel slower over a longer period of time then your daily budget will also go down. Two people traveling together for one month in Panama City will often have a lower daily budget per person than one person traveling alone for one week.

A one month trip to Panama City on average costs around $6,706 for one person and $13,413 for two people. The more places you visit, the higher the daily price will become due to increased transportation costs.

Independent Travel

Traveling Independently to Panama City has many benefits including affordabilty, freedom, flexibility, and the opportunity to control your own experiences.

All of the travel costs below are based on the experiences of other independent travelers.

Prices in Panama City are reasonable and comparable to your average travel destination. Hotels, food, and sightseeing are generally within normal price ranges.

Within North America, which is known to be an expensive region, Panama City is a moderately priced destination compared to other places. The overall cost of travel here is fair for the region and comparable to The Hamptons or North Conway.

For more details, and to find out if it's within your travel budget, see Is Panama City Expensive?

How much money do I need for a trip to Panama City?

The average Panama City trip cost is broken down by category here for independent travelers. All of these Panama City travel prices are calculated from the budgets of real travelers.

Accommodation Budget in Panama City

Average daily costs.

Calculated from travelers like you

The average price paid for one person for accommodation in Panama City is $128. For two people sharing a typical double-occupancy hotel room, the average price paid for a hotel room in Panama City is $257. This cost is from the reported spending of actual travelers.

  • Accommodation 1 Hotel or hostel for one person $ 128
  • Accommodation 1 Typical double-occupancy room $ 257

Hotel Prices in Panama City

Looking for a hotel in Panama City? Prices vary by location, date, season, and the level of luxury. See below for options.

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Find the best hotel for your travel style.

Actual Hotel Prices The average hotel room price in Panama City based on data provided by Kayak for actual hotel rooms is $148. (Prices in U.S. Dollars, before taxes & fees.)

Kayak helps you find the best prices for hotels, flights, and rental cars for destinations around the world.

Recommended Properties

  • Wingate by Wyndham Panama City Area Lynn Haven Budget Hotel - Kayak $ 170
  • Wingate by Wyndham Panama City Area Lynn Haven Luxury Hotel - Kayak $ 170

Transportation Budget in Panama City

The cost of a taxi ride in Panama City is significantly more than public transportation. On average, past travelers have spent $48 per person, per day, on local transportation in Panama City.

  • Transportation 1 Taxis, local buses, subway, etc. $ 48

Flights to Panama City

Rental cars in panama city, food budget in panama city.

While meal prices in Panama City can vary, the average cost of food in Panama City is $66 per day. Based on the spending habits of previous travelers, when dining out an average meal in Panama City should cost around $27 per person. Breakfast prices are usually a little cheaper than lunch or dinner. The price of food in sit-down restaurants in Panama City is often higher than fast food prices or street food prices.

  • Food 2 Meals for one day $ 66

Entertainment Budget in Panama City

Entertainment and activities in Panama City typically cost an average of $19 per person, per day based on the spending of previous travelers. This includes fees paid for admission tickets to museums and attractions, day tours, and other sightseeing expenses.

  • Entertainment 1 Entrance tickets, shows, etc. $ 19

Recommended Activities

  • 2 Hour Dolphin and Sightseeing Tour in Panama City Beach, Fl Viator $ 72
  • 90 min Cruise at Lower Grand Lagoon Viator $ 54

Alcohol Budget in Panama City

The average person spends about $56 on alcoholic beverages in Panama City per day. The more you spend on alcohol, the more fun you might be having despite your higher budget.

  • Alcohol 2 Drinks for one day $ 56

Related Articles

Panama city on a budget.

Panama City

Food and Dining

Transportation, more related articles.

We've been gathering travel costs from tens of thousands of actual travelers since 2010, and we use the data to calculate average daily travel costs for destinations around the world. We also systematically analyze the prices of hotels, hostels, and tours from travel providers such as Kayak, HostelWorld, TourRadar, Viator, and others. This combination of expenses from actual travelers, combined with pricing data from major travel companies, gives us a uniqe insight into the overall cost of travel for thousands of cities in countries around the world. You can see more here: How it Works .

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COMMENTS

  1. Panama Travel Cost

    Food Budget in Panama Average Daily Costs. Calculated from travelers like you. While meal prices in Panama can vary, the average cost of food in Panama is $23 (B/.23) per day. Based on the spending habits of previous travelers, when dining out an average meal in Panama should cost around $9.03 (B/.9.01) per person.

  2. How much does a trip to Panama Cost?

    Visitors to Panama usually spend between $31 and $197 per day on average for one person and $62 to $393 for two people. While this is a wide range, the average daily cost averages $79 (B/.78) per person. This average includes sightseeing, hotel, food, and local transportation expenses from other travelers. Your individual travel expenses may ...

  3. How Much Does it Cost to Travel Panama?

    To help you plan your trip to Panama, here are some common prices you can use as a reference point when outlining your trip: Bottle of water/Cola - $1.29 USD. Hostel dorm - $10-20 USD per night. Local bus ticket - $0.35 USD. Cheap restaurant - $4-9 USD. Mid-range restaurant - $20 USD.

  4. Is Panama Expensive to Visit?

    Based on the travel expenses of others, a one week trip to Panama costs around $551 on average, per person. This includes food, sightseeing, local transportation, accommodation, and nightlife. For two people, a one week trip costs $1,101. Based on our calculations from previous travelers, a two week trip to Panama will cost around $1,101 per ...

  5. Panama Travel Guide (Updated 2024)

    Most 3-day/2-night sailing tours cost around $285 USD, including food, while a 4-day sailing trip costs $559 USD. You can also visit on a day trip if you're short on time. 5. Tour a coffee plantation. Panama is up there with Colombia, Peru, and Costa Rica when it comes to quality coffee.

  6. Costs and Budget for Traveling in Panama

    Half-day tours cost around $34 to $50, and full-day tours cost around $78 to $101. It depends entirely on what type of tour it is. A day trip to Coiba National Park in Santa Catalina costs around $80 to $110. Island hopping is much more affordable in Bocas del Toro. In Santa Catalina, horseback riding costs around $45 per hour, and you can rent ...

  7. Panama on a budget

    Here are our top tips for making your Panama adventure bueno, bonito y barato (good, nice and cheap). Daily costs. Dorm bed in a hostel: US$10 to US$20; Basic hotel room for two: US$30 to US$50; Self-catering apartment (including Airbnb): US$70 to US$100+ Public transportation in Panama City: US$0.25 to US$0.35, or US$1.25 for toll roads ...

  8. The Cost Of Traveling Panama: Budgets, Ways To Save, & More

    Plan your trip to Panama with our guide on the cost of traveling. Discover budgeting tips, money-saving strategies, and more for a memorable vacation. ... Public transportation options such as buses are a popular and inexpensive way to travel between cities and towns. The cost of a bus ticket can range from $1-10 USD, depending on the distance ...

  9. Panama Travel Guide: Budget-Friendly Tips When Traveling to Panama on a

    Travel Guide to Daily Costs in Panama City. ... By considering these daily costs, you'll find that Panama City offers plenty of ways to enjoy its attractions and immerse yourself in its culture without breaking the bank. Now, let's venture further and explore the hidden gems, the best times to visit, and Panama's delectable culinary scenes. ...

  10. Panama Travel Guide 2024: What to See, Do, Costs, & Ways to Save

    Rides inside Panama City will cost from around $2 depending on where you're going. The ride from Tocumen International Airport to Panama City costs around $14. With much of Panama made up of mountains and jungle, the best way to travel long distances is by air.

  11. Panama Travel Expenses: How Affordable is a Family Trip?

    Total: $2,474. $ 211 - Airbnb in Panama City - Feb 3-6 ($70/night) $2,190 - Airbnb in Bocas del Toro - Feb 6- Mar 6 ($78/night) $ 73 - Hotel in Panama City - Mar 6-7 ($73/night) This post may contain affiliate links, meaning I get a commission if you decide to make a purchase through my links, at no cost to you.

  12. Panama Vacation on a Budget

    A Panama vacation could offer you a nice budget travel situation—an affordable luxury. Consider three levels of comfort found several years ago on a small island along Panama's east coast. Learn about things to do, food, taxis, snorkeling, and much more. 01 of 18.

  13. Travel Panama On A Budget

    There should be buses that say Albrook Corredor Sur that cost $1.50 for the express and take you to the centre of the city, from where you can get a cab for under $5 pretty much anywhere you are going. There are two types of buses - Metrobus, which is the official bus and the so-called piratas. They are both fine, Metrobus is more comfortable ...

  14. How to see Panama City on a budget

    A guide to daily costs in Panama City. Hostel dorm: from $15 Basic hostel room for two: around $30 Airbnb double room: around $30 Metro ticket: $0.35 Bus ticket: $0.25 Meal for two in a local restaurant: around $20 Draught beer: $2.50 Coffee: $3.50

  15. 18 things to know before going to Panama

    Also: shirtless men are an absolute no-no. 8. Confirm the fare before taking a cab. Panama's yellow licensed taxis can be a wallet-friendly way to get around but don't forget to negotiate a fare before you set off. Taxis aren't metered, official rates are usually ignored, and tourists are typically overcharged.

  16. How much does a trip to Panama cost? Daily, 3-days and weekly cost to

    Make your own breakfast and own dinner. Daily shopping cost in the shop is around 9.90 USD in Panama. Choose restaurants outside the city centre and close to tourist attractions. Meal in a cheap restaurant cost around 10.00 USD in Panama. McMeal at McDonalds (or equivalent meal in other fastfood restaurant) costs approximately 8.00 USD.

  17. Is Panama City Expensive to Visit?

    Panama City is a popular destination that is also moderately priced. It falls in the middle range of travel cost prices globaly with a daily average travel cost of $86. If we compare it to the rest of Central America, it is a moderately priced place to visit. It ranks in the top 50% of cities in Central America for its travel costs.

  18. Best of Panama: A 5-Day Panama Discovery Tour

    A 5-Day Discovery Tour. Starting from $895/pers $1295/pers. Book my tour. Book now with a 50% refundable deposit. Embark on a compact 5-day adventure through Panama's most iconic destinations. From the modern marvels of Panama City to the old colonial architecture, this tour captures the essence of the country's diverse heritage.

  19. Cost of a Trip to Panama City, PA & the Cheapest Time to Visit Panama

    The average cost for 4 people to visit Panama City for a week is $2,148-$2,920 ($307-$417 per day) Food, Travel, and Sightseeing: $120 to $180 per day for four people's daily expenses. Flights: $900 to $964 for economy. Lodging: $68 to $116 per night for two 2 or 3-star hotel rooms. or $73 to $90 per night for a 2-bed vacation rental

  20. Hurricane Beryl maps show path and landfall forecast

    Hurricane Beryl was passing the Cayman Islands on Thursday morning after it roared past Jamaica on Wednesday as a powerful Category 4 storm. It made landfall Monday on the island of Carriacou in ...

  21. Panama Your Way

    Our multi-day packages offer immersive journeys through Panama, featuring rich cultural experiences, stunning natural landscapes, and exciting adventures, tailored to provide an unforgettable travel experience. As an example, our 8-day package, "Discover Panama's Paradise," takes you on a journey through the country's rich culture, stunning ...

  22. Panama City Travel Cost

    Food Budget in Panama City Average Daily Costs. Calculated from travelers like you. While meal prices in Panama City can vary, the average cost of food in Panama City is $21 (B/.21) per day. Based on the spending habits of previous travelers, when dining out an average meal in Panama City should cost around $8.33 (B/.8.31) per person.

  23. Medical Tourism in Retirement: Healthcare Costs, Opportunities ...

    For example, a knee replacement that costs in excess of $30,000 in the U.S. might cost roughly $12,000 in a premier medical tourism destination like Costa Rica.

  24. US will pay for flights to remove Panama migrants, deterring migration

    The United States is going to pay for flights and offer other help to Panama to remove migrants under an agreement signed July 1, as the Central American country's new president has vowed to ...

  25. How Much Do Tours to Panama Cost? Tour Prices for Panama

    The average daily expenses for a tour in Panama is calculated to be approximately $251, yet numerous tours fall below this price. Prices for tours in Panama span from $128 to $6,689. ... With average daily travel costs that are calculated from the budgets of real travelers, you can find out how much money you need to plan your next adventure ...

  26. Climate Researchers Want New Approach to Destination Marketing

    Skift Take. As climate policies raise the cost of air travel, particularly in Europe, some destination marketers may find it's riskier to bet on tourism growth from long-haul markets.

  27. Panama City Travel Cost

    How much does it cost to travel to Panama City? You should plan to spend around $224 per day on your vacation in Panama City. This is the average daily price based on the expenses of other visitors. Past travelers have spent, on average for one day: $66 on meals; $48 on local transportation; $257 on hotels