Planning a successful team retreat or incentive trip means finding the right balance between business and inspiration. Panama City, Panama is one of the top destinations for company offsites and team retreats in Latin America—offering a seamless blend of global accessibility, upscale venues, and cultural richness. With direct flights from major U.S. hubs and no visa required for U.S. travelers, Panama City is a strategic and stylish choice for your next corporate getaway.

In this guide, we highlight the best venues for team retreats and incentive trips in Panama City, each offering the ideal environment for productivity, connection, and unforgettable experiences.

1. American Trade Hotel – Boutique Sophistication in Casco Viejo

Style: Luxury boutique hotel
Vibe: Stylish, artistic, and historic

Set in the heart of Casco Viejo, American Trade Hotel blends old-world charm with modern flair. With its jazz bar, rooftop views, and thoughtfully designed spaces, it’s a favorite for creative teams, leadership groups, and intimate incentive getaways.

Why it’s great for team retreats: Walkable to local culture and dining, chic meeting rooms, and sophisticated energy.
Location: Casco Viejo, Panama City
Website: American Trade Hotel
Rooms: 50+
Price Point: Starting around $300/night

2. Sofitel Legend Casco Viejo – Old World Glamour Meets Modern Luxury

Style: 5-star oceanfront hotel
Vibe: Elegant, refined, and exclusive

Sofitel Legend Casco Viejo is a stunning new addition to Panama’s luxury scene. It’s perched right on the waterfront and features luxurious rooms, a seaside pool, world-class spa, and upscale event spaces—perfect for high-end incentive programs or executive retreats.

Why it’s ideal for offsites: Inspiring location, impressive amenities, and top-notch service for discerning teams.
Location: Casco Viejo, Historic District
Website: Sofitel Legend Casco Viejo
Rooms: 159 rooms & suites
Price Point: Starting around $400/night

3. W Panama – Trendy Retreat with a Corporate Edge

Style: Lifestyle hotel
Vibe: Bold, fun, and fast-paced

For teams who like their offsites with energy and edge, the W Panama delivers. With vibrant design, creative meeting spaces, and a central location in the financial district, this venue is perfect for tech companies, startups, or creative agencies planning a high-energy retreat.

Why it’s perfect for corporate retreats: Great event spaces, modern AV, and easy access to nightlife and restaurants.
Location: Downtown Panama City
Website: W Panama
Rooms: 203 rooms
Price Point: Starting at $250/night

4. The Santa Maria, a Luxury Collection Hotel & Golf Resort – Resort-Style Relaxation Close to the City

Style: Urban resort with golf course
Vibe: Professional, polished, and tranquil

Just minutes from downtown, The Santa Maria offers the feel of a destination resort without leaving the city. With an 18-hole golf course, lush surroundings, spacious meeting rooms, and a top-tier spa, it’s an excellent venue for companies seeking a balance of productivity and play.

Why it’s great for incentives and retreats: Ideal for mid-size teams looking for an upscale, resort-style experience.
Location: Costa del Este, Panama City
Website: Santa Maria Panama
Rooms: 182 rooms and suites
Price Point: Starting around $325/night

5. Hotel La Compañía – Immersive Cultural Escape in the Heart of the Old Quarter

Style: Luxury lifestyle hotel
Vibe: Historic, immersive, and intimate

Part of the Unbound Collection by Hyatt, Hotel La Compañía sits in a restored Jesuit monastery in Casco Viejo. It's ideal for culturally rich team offsites or leadership retreats focused on connection and inspiration. The hotel also boasts multiple dining concepts and heritage-rich meeting rooms.

Why it’s perfect for retreats: Cultural immersion, quiet luxury, and thoughtfully designed spaces for collaboration.
Location: Casco Viejo
Website: hotellacompania.com
Rooms: 88 rooms
Price Point: Starting around $300/night

🌍 Why Panama City is a Top Destination for Team Retreats and Incentive Trips

✅ No visa required for U.S. travelers
✅ Direct flights from major U.S. cities (Miami, Houston, NYC, L.A.)
✅ Blend of old and new: Historic architecture and modern skyscrapers
✅ World-class dining, nightlife, and cultural experiences
✅ Professional event infrastructure with tropical flair

From high-level strategy sessions to team bonding over ceviche and salsa in Casco Viejo, Panama City delivers unforgettable moments.

💼 Plan Your Panama City Team Retreat with SONA Events

Need help finding the perfect venue, organizing activities, or managing logistics? Let SONA Events handle the details so you can focus on connecting with your team. We specialize in curating bespoke corporate retreats and incentive travel that leave a lasting impact.

🔗 Get started today for free and receive a personalized list of team retreat venues here.

The Top 5 Places to Host Team Retreats and Incentive Trips in Panama City, Panama