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Hotel prices in Panama City, month by month

A typical hotel night in Panama City costs about €89 in May and €94 in November. That is a 6% gap. June and August come close to the low point, a good fallback if May does not suit you.

These figures come from 21 hotels in Panama City whose prices we check on Agoda on a rolling basis. Across the whole year the typical night averages €91.

Cheapest month
May €89
Most expensive month
November €94
Typical night, year average
€91
Saturday vs Tuesday
−1%
Hotels price-checked
21

Typical nightly price by month

  • Cheapest month: May, about €89 a night on average
  • Most expensive month: November, about €94 a night on average
All months
Month Typical hotel3 stars and below4 stars5 stars
November€94 €41€118€265
December€94 €41€112€291
January€92 €41€109€262
February€94 €41€105€249
March€93 €43€105€268
April€90 €42€105€226
May€89 €41€98€211
June€89 €42€98€185
July€90 €42€101€191
August€89 €42€96€185
September€89 €41€101€180
October€90 €42€109€193

The typical price is the median of the monthly averages of up to 21 hotels we price-check on Agoda (one night, 2 adults). In euros.

Where else is cheap in: January · February · March · April · May · June · July · August · September · October · November · December

Weekend or weekday?

Weekends and weekdays cost about the same in Panama City, so the month matters far more than the day.

Prices by hotel class

A five-star room averages €211 in May and €265 in November; four-star hotels go from €98 to €118. Hotels of three stars and below range from €41 to €41.

Good-value hotels in Panama City

Rated 8.5 or higher by guests, ordered by their average nightly price across the year.

Five-star hotels in the cheapest month

Typical nightly price in the cheapest month (May), lowest first.

Hotel prices month by month in Panama City

The most-reviewed hotels in Panama City with a full year of price checks.

Hotel prices in Panama City: questions

What is the cheapest month to stay in Panama City?

May. A typical hotel night then costs about €89, against a yearly average of €91.

When are hotels in Panama City most expensive?

In November, at about €94 a night for a typical hotel, 6% more than in May.

Are weekends more expensive in Panama City?

Weekends and weekdays cost about the same in Panama City, so the month matters far more than the day.

How much is a five-star hotel in Panama City?

About €211 a night in May, the cheapest month, and €265 in November.

Where do these prices come from?

We check real Agoda prices for 21 hotels in Panama City: one night for two adults on a Tuesday and a Saturday in every month of the coming year, refreshed every few weeks. The typical price is the median of the hotels’ monthly averages. Prices are in euros, last updated 22 October 2026; the final price is shown before you book.