Many travelers dream of staying in top-of-the-line luxury hotels. But prohibitive prices often keep them away — especially now, as inflation drives up the cost of travel. For those who crave an upscale yet affordable getaway with an internationally branded hotel, however, there’s a place that should be on the radar: Panama.
Luxury hotels in Panama City can be booked at prices that are substantially lower than identically branded accommodations in other countries throughout the Americas. So if your goal is to stay in an international luxury hotel brand without straining your credit card, Panama City is a viable choice, thanks to its decidedly sophisticated — and definitely competitive — local hotel scene.
A quick survey of luxury hotel brands in Panama City reveals a variety of options that are often priced to beat similar offerings elsewhere in the Americas. Among the newest and most noteworthy examples is Hotel La Compañía, a gorgeous property that’s the first member of The Unbound Collection by Hyatt in Central America. Located in the historic and trendy Casco Antiguo district and set amid multiple historic buildings that have been beautifully updated, La Compañía sometimes offers rooms for less than $300 a night, compared to rates that run closer to $600 at the Chicago Athletic Association, the Unbound Collection’s property in the Windy City.