| No | City | Nr. Hotels |
|---|---|---|
| 1 | Panama City | 148 |
| 2 | Bocas del Toro | 85 |
| 3 | Boquete | 48 |
| 4 | Playa Blanca | 24 |
| 5 | David | 23 |
| 6 | Playa Venao | 21 |
| 7 | Valle de Anton | 21 |
| 8 | Santa Catalina | 18 |
| 9 | Boca Chica | 15 |
| 10 | Contadora | 11 |
| 11 | Pedasí Town | 11 |
| 12 | Colón | 8 |
| 13 | Playa Coronado | 7 |
| 14 | Santiago | 6 |
| 15 | Chitré | 4 |
| 16 | Las Tablas | 3 |
| 17 | Cambutal | 2 |
| 18 | Isla Grande | 2 |
| 19 | Punta Chame | 2 |