How about an entire luxury highrise apartment on Avenida Balboa for $170 per night?  There are many more and as cheap as $20 per night.  Click on the picture above and below and see how it is done.

Just when you thought that had the best rental deal in Panama for night and then came AirBnB making it even cheaper.  But first this in from CentralAmericaData.com

Renting homes for a few days as an alternative to traditional hotel accommodation for tourists, is a growing trend all over the world and Panama is no exception.

In Panama City, the phenomenon is also being driven by the widespread availability of apartments built and purchased as an opportunity to gain profit from resale, which the current market stagnation has left unoccupied.

An article in Prensa.com examines the issue from the point of view of the established hotel industry, whose occupancy levels have been strongly affected by the competition of this system, the vast majority of which operate without paying taxes.

“You can find ads online, including specialized pages offering rentals for one night, or up to seven days. Prices per night are less than 100 dollars, well below the prices of most hotels on the seafront in the capital. ”
It has been mentioned that sector authorities are preparing a draft law penalizing Vacation Rentals with high fines and restrictions such as minimum rental periods of 30 days.

It would be wise not to try to go against a global trend that is here to stay, because it favors tourists reducing their costs and brings benefits-including privacy- that hotels can not offer.

The smart thing would be to integrate the supply of Vacation Rentals as part of the overall supply of tourism accommodation both for holidays and business trips.

Source: Prensa.com