Panama Budget Hotels
Panama has a good supply of budget hotels. These hotels are more affordable than other accommodation options, but are not as close-quartered and basic as most hostels. Budget hotels may have a simplified list of amenities, but they offer a clean and comfortable room at an economical price.
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Red Frog Beach Resort
The Red Frog Beach Resort is located on Bastimentos Island in the Bocas del Toro Archipelago. This resort combines a stunning location with beautiful and comfortable accommodations.
From $511
Azul Paradise
Azul Paradise is an ecologically friendly resort on one of Isla Bastimento’s lovely beaches. While you’re here you can rent bungalows and cabins right on the water.
From $472
Westin Playa Bonita
The Westin Playa Bonita is a luxurious hotel set along the shores of Playa Bonita in Panama. This hotel offers guests incredible facilities, including several swimming pools and restaurants, and super-comfortable rooms.
From $334
The Buenaventura Golf & Beach Resort
The Buenaventura Golf & Beach Resort is located in Farallón. This resort is large and stunning—it has lush, tropical grounds and a huge assortment of amenities.
From $288
Los Mandarinos
Los Mandarinos is a boutique spa and resort set in the hills above El Valle. With Tuscany-styled architecture and an intimate atmosphere, Los Mandarinos is an ideal place to unwind in the highlands of central Panama.
From $221
Gamboa Rainforest Resort
The Gamboa Rainforest Resort is located in Gamboa near the Panama Canal. This luxurious resort has a wide offering of amenities and facilities, including a spa, swimming pool, and aerial tram.
From $207
Yandup Lodge
The Yandup Lodge is located on Yandup Island in the Guna Yala archipelago. This hotel has some of the best rooms and facilities in the entire region.
From $185
Bocas del Mar
Bocas del Mar is a lovely boutique hotel in Boca Chica, Panama. The hotel features modern bungalows and is positioned directly above the water’s edge.
From $182
Hotel Santa Catalina
Hotel Santa Catalina is a laid-back, beachfront hotel in Santa Catalina. The hotel has nice rooms and an open-air restaurant/lounge. They also offer free rentals of surfboards, kayaks, and bikes.
From $154
Le Meridien
Le Meridien is a swanky hotel in Panama City. It has a modern design and comfortable guest rooms.
From $137
Cubitá Boutique Resort and Spa
The Cubitá Boutique Resort and Spa is a new luxury hotel and residential property set just outside Chitré. The resort marries modern amenities with traditional Azuero design.
From $117
Togo B&B
Tógo is a cute B&B near Playa Farallón. The rooms at Tógo are comfortable and colorful, and the staff is accommodating.
From $88
The Riverside Inn
The Riverside Inn is set along the shores of the Río Palo Alto in Boquete. With just six luxurious rooms, this hotel is small and intimate.
From $207
Central Hotel Panama
Central Hotel Panama faces the central park of Casco Antigua, Panama City’s prettiest historic district. Built in 1874, it is one of Panama’s oldest hotels. Today, it maintains its reputation as an upscale hotel that offers a memorable stay.
From $200
Boquete Tree Trek Mountain Resort
The Boquete Tree Trek Mountain Resort is set in the highlands above Boquete. The resort has log cabins that are rustic and comfortable, as well as its own onsite canopy tour. It’s a great place to enjoy the outdoor lifestyle of Boquete.
From $140
Eclypse del Mar
Eclypse del Mar is located on Bastimentos Island. It’s a friendly, pleasant place that offers thatch-roof bungalows over the water.
From $134
Magnolia Inn
The Magnolia Inn is located in the heart of Panama City’s Casco Viejo neighborhood. The hotel is set in a restored French colonial mansion. Its rooms have a historic character and come with a nice range of amenities.
From $127
Hotel Valle Verde
Hotel Valle Verde is located in El Valle. This hotel has a lush garden and nice views of the surrounding area.
From $69
Resort Isla Palenque
The Resort at Isla Palenque offers luxury accommodations on a 400-acre (162- ha) of rainforest-covered island. Isla Palenque is just off the southern Pacific coast. There are 8 luxury beachfront casitas with direct beach access so you’ll feel like you have a little bit of the island to yourself.
From $819
American Trade Hotel
Stay at this turn-of-the-century masterpiece in Casco Viejo for a quintessentially Panamanian holiday. American Trade Hotel is a luxury hotel not far from some of the best of the city’s most interesting shopping destinations. This old part of town is known for its beautiful European architecture and superb dining options.
From $392
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