Our Panama Travel Budget & Final Impressions

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Final Panama Budget

Our Panama Travel Budget & Final Impressions

Embarking on a road trip is a thrilling way to explore a new country, and Panama, with its rugged mountains, lush rainforests, and pristine beaches, would seem to offer an ideal setting for a memorable adventure. From the bustling capital city of Panama City to the serene islands of Bocas del Toro, we experienced a wide range of landscapes, cultures, and cuisines that left us with countless memories and invaluable insights into this vibrant and diverse country.

So what are our takeaways after spending four weeks on the road, exploring the nooks and cranny’s of this Central American gem?

In this article, you’ll find a summary of our Panama travel budget and impressions. As to be expected there are positives and negatives, as well as plenty of opinions and observations.

Panama Travel Budget

Panama Travel Budget

Our Panama Budget

Our Panama trip worked out as the most expensive of our tropical ventures of the past several years.

Even our Sri Lankan trip (which included all flights with Emirates, a 3-night Dubai stopover and a 3-night mega-luxury stay in the Maldives) cost us less than Panama, for a similar number of days.

This expense certainly wasn’t because of flight costs from Europe. Our flights were incredibly cheap at €310 per person return, flying with Lufthansa and Avianca.

On this trip the costs hit us elsewhere, as you can see from the breakdown below (costs shown in USD and EUR).

These costs were for 2 people sharing over a period of 26 days.

Return flights Amsterdam to Panama City €620 $725
All 12 hotels & guesthouses (25 nights) €1,530 $1,790
Extra activities (Panama canal, Zip lining, Waterfall rappelling, Coffee tour) €382 $448
ATM Cash Withdrawals €2,953 $3,455
€5,485  $6,418 


Excluding the airfare, our average cost per day was €211 ($246) for two people, including accommodation, travel, all food & drink, entertainment & activities, and even a few souvenirs. This includes taxes and tipping.

This figure is approximately double the amount we planned for in our original budget.

Our overspend was primarily down to accommodation and restaurant costs. Of course, the local taxes boosted the cost of almost everything by 10-15%.

Our start/return city for these cheap flights to Panama was Amsterdam, and of course we had to get there as well. However, I’m not including this in the Panama budget since we consider Amsterdam as a bonus city break added to the start and end of the trip.

For your information though, a 2-night stay in Amsterdam including budget internal European flights and hotel cost us an extra €459 ($537) for two. You can find out more about that in our Amsterdam Layover.

Panama Travel Budget

Panama City

Our Panama Impressions

So was it all worth it? Despite the cost?

Panama wasn’t quite what we expected, but this isn’t necessarily a bad thing.

What we do take away from our travels through Panama is a series of vivid and unique experiences and warm personal encounters that are actually priceless. Some of our favourites (and not so favourite…) are listed below.

Salsa Everywhere!

Almost everywhere you go you’ll hear it, mostly energizing, occasionally irritating. Most noticeably in shops, supermarkets, restaurants, lobby’s, and in buses and taxis. You’ll also start to notice salsa variations: classic salsa (the best), fusion salsa with rap or hip-hop, or traditional salsa featuring an accordion and warbling female falsetto.

You’ll know it’s gotten to you when you find yourself reflexively gyrating to the salsa music playing in the hotel lifts.

Very Few Mosquitoes

This was a big surprise. Even in jungle areas we had very little problem with mosquitoes, and we rarely bothered to apply deet protection.

Packed Buses

Overloaded buses were sort of expected, and we’ve had much more cramped and uncomfortable experiences in India. To guarantee a seat, the trick wherever possible was to board buses at the departure terminals.

Toilet Paper Disposal

The system of toilet paper disposal was the most disgusting aspect of many of the hotels and guesthouses where we stayed. Having to throw used toilet paper into an open bucket, where it festers all day or longer until someone gets round to emptying it isn’t the most hygienic of systems.

This also tells you much about the primitive plumbing and sewage systems in many places in Panama.

Taps Turn the Wrong Way!

This is something I never got used to. Turning a tap anti-clockwise to turn it off. I dread to think of the amount a water I wasted trying to get my head around this…


Barred ground-floor windows, armed police everywhere, ‘No Guns’ signs in bus stations, squalid urban tenement blocks, drugs, murdered or missing tourists. These are some of the aspects of Panama that we became aware of during our travels.

This is not South-East Asia, and caution is required – especially after dark.

Final Panama Budget

Santa Catalina – Final Panama Budget

Expense! Our budget was blown out of the water

Panama is one of the most expensive tropical destinations we have visited, and definitely the worst value for money.

To ratchet-up the costs further, we were usually required to add 7% taxes plus 10% service charges to our bills.

American-Style Tipping

Panama has adopted the insane tipping system of the USA, where everyone is expected to add a 12-18% tip to their checks.

In fact, many places we visited automatically added a 10% service charge to our bill (on top of the 7% government tax).


A tale of 2 oceans. We constantly seemed to be switching between the two. However, for us there is one clear favourite: The white sand of the Atlantic easily trumped the black sand of the Pacific.

We did find some excellent safe and sheltered beaches, but we really needed to look for them.

Cleanliness & Hygiene

We were disappointed with the overall lack of cleanliness and hygiene.

Peoples’ homes were often surrounded by refuse, and we suffered from stomach cramps after eating on a couple of occasions.

Panamanian Food

Although not as bad as the Philippines, food in Panama was just about OK, but nothing special. The homely Panamanian-style food was tasty, but high in carbs and sugars.

Yes, we had some good Italian and French-style food, but you can get much better in Rome and Paris, and at a lower cost.

Final Panama Budget

Colibri Restaurant, Boquete – Final Panama Budget

Our favourite local Panamanian restaurants were the Trapiche Restaurant and Rene’s Cafe, both located in Panama City.

Beautiful Nature

The natural beauty of the country is outstanding, notably in places such as Santa Catalina, Boca Brava and the valley and highlands of Boquete.

Final Panama Budget

Isla Colon – Final Panama Budget

Obese Women

No doubt related to the food and diet, but probably also genetic, we’ve never before seen so many huge-bottomed women. I understand the appreciation of many for a big booty but some of the sights we saw were bordering on the grotesque.

This was most noticeable of all in Bocas Del Toro

Final Panama Budget

A town called David – Final Panama Budget

Small, Uncomfortable Beds

Considering the width of the locals, why is it that most hotel beds are so narrow? Combine this with a narrow room such as the one we were given in the House that Jack Built in Boquete, and you’re in for some serious insomnia.

Some Great Activities

Some definite highlights of our trip were the activities on offer. These included kayaking on the Panama canal, Ziplining in Boquete, a valley and Coffee Tour at the Finca Agroturistica La Milagrosa, and Waterfall Rapelling at the Ja Wakta waterfalls.

Panama Canal Kayaking
Waterfall Rappeling Boquete Panama
Bocas Del Toro Snorkeling
TreeTrek Ziplining Boquete Panama
Bocas Town
Coffee Tours in Boquete Panama
Bocas Del Toro Snorkeling
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Learn Spanish!

Our journey would have been so much easier if we had spoken fluent Spanish.
I’m afraid parrot-Spanish just doesn’t cut it.

The nice thing about Panamanian Spanish is that they speak clearly, without all the the-the-the’ vocal affectations of European Spanish (which a few of the Panamanians we spoke to on the subject considered effeminate).

If I ever do learn to speak Spanish properly, I want to speak it like a Panamanian!

Final Panama Budget

Final Panama Budget

Local South American Wines

Visiting a country so close to the excellent vineyards of South America, we were looking forward to enjoying the local and imported wines.

We weren’t disappointed.

3-liter boxes of good quality South American wine were available in most supermarkets and small stores. Wine was one of the essential items in Panama that was not expensive.

Final Panama Budget

Boquete – Final Panama Budget


Harking back to one of our original propositions: Would we want to retire in Panama?

Well, probably not retire there – although we are tempted to buy that Panamanian island 😉

For the time being it’s ‘hasta la vista, Panama’

We may come and visit again, but we’re keeping our retirement options open.

All your hotel options in Boquete

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1 Comment

1st Mate Foxy ⛵️

December 9, 2017at 4:33 pm

Thanks. I’ve been thinking about going.

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