Why Panama Is a Great Destination for Affordable Luxury Travel

Many travelers dream of staying in top-notch luxury hotels. But exorbitant prices often keep them away – especially now, as inflation drives up the cost of travel. For those looking for a luxurious yet affordable getaway with an internationally branded hotel, there is one place that should be on the radar: Panama.

Luxury hotels in Panama City can be booked at significantly lower prices than same-brand accommodations in other countries in the Americas. So, if your goal is to stay at an international luxury hotel brand without straining your credit card, Panama City is a viable choice, thanks to its sophisticated and certainly competitive local hotel environment.


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A quick search of luxury hotel brands in Panama City reveals several options that are often priced to beat similar offerings elsewhere in America. Among the newest and most notable examples is Hotel La Compañía, a magnificent property in Central America that was the first member of The Unbound Collection by Hyatt. Located in the historic and trendy Casco Antiguo neighborhood and amid several beautifully updated historic buildings, La Compañía offers rooms sometimes for less than $300 a night, compared to prices close to $600 at the Chicago Athletic Association. The property in the Windy City.

Travelers who enjoy the cool, stylish W vibe will find a notable and attractively priced option in this Central American metropolis: W Panama offers rooms sometimes for as little as $188, compared to W Los Angeles – $290 and up in the West. Beverly Hills. W Panama offers unique activities such as sunset yoga on the WET Deck and has a large spa with excellent therapy programs.

Surprisingly, the even more affordable Waldorf Astoria Panama contrasts sharply with Mexico’s Waldorf Astoria Los Cabos Pedregal, where it’s not uncommon for room rates to drop below $200 per night – for example, where prices start at more than $1,000. night. The stylishly designed Panama property reflects urban sophistication and features a spa, outdoor pool and multiple dining venues.

W Panama guest room, Marriott International
W Panama guest room. (photo courtesy of Marriott International)

Panama’s graceful skyline is adorned with an ever-increasing number of tall towers, many of which feature hotels with excellent views of the city and the Pacific Ocean. For beachfront views, it’s hard to beat hotels like the Hilton Panama, which sits on Cinta Costera’s waterfront boulevard with room rates of just over $200 per night.

Prices at the InterContinental Miramar Panama City, a towering tower with excellent views, can start at $160. One of the city’s longest-running high-rise luxury hotels, the InterContinental features multiple eateries, swimming pools, and spas. (In contrast, the InterContinental Presidente Mexico City starts at around $300 a night, while the Real InterContinental in San José, Costa Rica starts at well over $200 a night).

Also located in a 70-story sail-shaped building, Central America’s tallest building, JW Marriott Panama is housed in a stunning high-rise. Room rates at this opulent luxury property start at $160 per night; Meanwhile, Colombia’s JW Marriott Hotel Bogota more commonly charges around $300 for the cheapest accommodations.

JW Marriott Panama pool, Marriott International
JW Marriott Panama pool. (photo courtesy of Marriott International)

The Westin is represented by two notable hotels in Panama, both offering room rates that can be well under $200 per night: the Westin Playa Bonita, a resort-style property just outside Panama City, and the Westin Panama in Panama City. luxury Costa del Este neighborhood. (By the way, staying at the Westin Lima in Peru will likely cost more than $200 a night, while the all-inclusive Westin Reserva Conchal, an all-inclusive Golf Resort and Spa, can easily cost close to $500 a night.)

Fans of the Small Luxury Hotels of the World consortium may also find an attractive option in Panama City. Located in a restored building dating from 1917 in the Casco Antiguo neighborhood, the American Trade Hotel offers room rates starting in the mid-$200.

Whether it’s boutique style, high-rise chic or traditional elegance, Panama City offers plenty of opportunities to live without breaking the bank.

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