Investors and vacationers alike are planning to travel to Panama this January through April, Panama’s summer and high tourist season. Hotels and short term rentals are being booked as the winter months in the North get colder and colder. This year, with more hotels opening up in the city and the beaches, as well as more apartment buildings completed and ready for occupancy, the cost of your stay might be lower than any other year!
As an investor of a luxury 2 bedroom condo in Paitilla, in Panama City, Paul Yanoshik from Maryland, USA believes his investment was a great decision overall. He explained that “With more short term apartments on the market and hotel rooms opening up, I will lower my monthly rental rate from $2,600 a month to $2,300 a month to be competitive. At this price, my return on investment rate is still strong.”
This mind set will be similar across the board in Panama which in turn will end up saving travelers and renters hundreds of dollars on their trip. Hotel prices previously in the $300/night range have been releasing specials for as low as $225/night. Hotels in Playa Coronado, some right on the beach have weekday specials for as low as $89/night normally around $160/night. Please feel free to contact us with any questions on where to stay for a great deal in Panama this year! We are happy to help!