A Travel Price Comparison for Families, Couples, and Backpackers Panama City vs. Banff for Families, Couples, Food, and Nightlife

Should you visit Panama City or Banff?

Which is cheaper to visit? Which is more expensive for vacation?

If you're trying to decide where to visit between Panama City or Banff, this travel comparison, which includes costs, can help. The overall cost of travel is usually a consideration when deciding where to go next, and the cost comparison down below can help you decide based on the average prices from other travelers along with your own travel budget.

Panama City

Panama City is a active, cosmopolitan, and fun-filled beach town. Panama City is a beautiful place to visit, too. And you can't forget about the food, beaches, and shopping. See Panama City travel costs.

Banff

Banff is a sporty, adventurous, and scenic town. As this is a charming small town, visitors also come to explore the sights and local activities. The beauty of Banff is also one of the main reasons why visitors come. And you can't forget about the shopping, skiing, and nightlife. See Banff travel costs.

Panama City and Banff: Pros and Cons

Pros
  • Active nightlife
  • Good music scene
  • Nice resorts
  • Popular beach
  • Family-friendly
  • Good for couples and romance
  • Good for students
Things to Consider
  • Less walkable
Pros
  • Popular for skiing
  • Active nightlife
  • Good for hiking
  • Family-friendly
  • Good for couples and romance
  • Good for backpackers and budget travelers
  • Very walkable
  • Small town charm
  • Impressive beauty


Is there more to do in Panama City or Banff?

Visitors will usually find more to do in Banff than Panama City, as it offers more sights, attractions, and activities. Banff is better known for its skiing, food, hiking, small town charm, and impressive beauty, while Panama City is more popular for its music, resorts, and beaches. Panama City is more touristy than Banff and is known for its watersports, sandy beaches, and year-round beach weather. Banff is well known for its stunning beauty, pristine nature, and nearby lakes. Also, Banff is famous for Lake Louise.

How is Panama City different from Banff?

Which is Better for a Holiday?

Let's take a look at the differences and similarities between Banff and Panama City. Then, you can decide for yourself which place is better for your next trip.

Is Panama City or Banff Better for Skiing?

Panama City
Banff

Banff is an amazing town to visit for winter skiing. However, Panama City is not a skiing destination.

The snow ski experience you'll have in Banff is among the best in the world. The town makes a great base for experiencing the three nearby ski resorts: Banff Sunshine, The Lake Louise Ski Resort, and Mt Norquay. You can purchase a SkiBig3 Lift Ticket and experience the area's best skiing. There's a long ski season and a stunning setting within the Canadian Rockies.

Panama City is not a skiing destination.


Is the Food Better in Panama City or Banff? Which Destination has the Best Restaurants?

Panama City
Banff

Banff is a great destination for its restaurant scene. Also, Panama City is still popular, but not quite as popular for its local flavors and cuisine.

Eating is part of the travel experience when you visit Banff. The downtown has bistros, taverns, and many casual eateries. For a more fine dining experience, you can go to one of the luxury hotels, which have nice dining areas. Throughout town you'll find classic Canadian food like poutine, as well as pizza and bar food.

Panama City is becoming an appealing option for foodies. There are many waterfront restaurants that serve freshly caught seafood. Head to town for a charming atmosphere or grab a bite at a casual eatery. Fried seafood is popular when eating out but you'll also find plenty of options for land-lovers. Most restaurants also have kid-friendly menus.

Is Panama City or Banff Better for Nightlife?

Panama City
Banff

It's hard to distinguish whether Panama City or Banff has a better nightlife scene.

The people in Panama City know how to have a good time. The nightlife is particular crazy during spring break, when the town fills with students. Head to the famous Club La Vela or Spinnaker for music and fun at night.

The nightlife in Banff has something for everybody. It's a great town for partying and it's compact and easy to barhop if you want. For the town's size, you'll find a huge number of bars and breweries to choose from, and there's always something going on.

Is Panama City or Banff Better for Music?

Panama City
Banff

Panama City is a popular place for its live music scene. However, Banff is not a live music destination.

The music scene in Panama City is active and vibrant. A popular way to enjoy music in the area is to find a restaurant with a lounge where local musicians perform.

Banff is not a live music destination.


Is Panama City or Banff Better for Resorts?

Panama City
Banff

Panama City is a popular place for its resorts. However, Banff is not a resort destination.

With a selection of resorts, Panama City makes a nice vacation spot. Most people stay in condos that are VRBO's or Airbnbs, but there are resorts in the area as well.

Banff is not a resort destination.

Is Panama City or Banff Better for Beaches?

Panama City
Banff

Panama City is notable for the beach. However, Banff is not a beach destination.

Panama City is considered a top beach destination. With miles of long white sandy beaches and crystal blue waters, this area's beaches offer a beautiful escape. Head to the area's state parks for the most natural experience. These include St. Andrews State Park and Camp Helen State Park. A day trip to Shell Island is also popular.

Banff is not a beach destination.

Is Panama City or Banff Better for Hiking?

Panama City
Banff

Banff is an amazing town to visit for its hiking experiences. However, Panama City is not a hiking destination.

Known for its hiking, Banff draws a crowd to experience the nature and the trails. The town is set within Banff National Park, and is surrounded by world class hiking. There are more than 1,000 miles of trails that wander alongside rivers, lead to waterfalls, or climb mountain peaks. You may also see local wildlife.

Panama City is not a hiking destination.


Is the Shopping Better in Panama City or Banff?

Panama City
Banff

Shopping is a popular activity in both Banff and Panama City.

Panama City offers some nice shopping areas. There are a number of malls and shopping centers in the area.

Banff has a variety of shopping areas worth visiting. There are tons of downtown shops that sell local items, art, sports gear, or clothing.

Is Panama City or Banff More Beautiful?

Panama City
Banff

Banff is a great destination for its scenery and beauty. Also, Panama City is still popular, but not quite as popular for its scenery and beauty.

The beauty of Banff is also one of the main reasons why visitors come. The dramatic Rocky Mountains and stunning natural beauty make this an iconic and beautiful destination.

Panama City offers plenty of beauty for visitors. With beautiful sand and blue water, Panama City is a beautiful spot for people who enjoy city beaches.

Is Panama City or Banff Better for Families?

Panama City
Banff

Panama City is an unbeatable place for its family-friendly activities. Also, Banff is not as famous, but is still a good town to visit for its kid-friendly activities.

As it has a large number of activities for kids, Panama City is a very family-friendly destination. This area has large sandy beaches, waterparks, amusement parks, and marine parks. Kids will enjoy playing around at WonderWorks, cooling off at Shipwreck Island Waterpark, and learning about marine life at Gulf World Marine Park. There are also many watersports and water activities that are fun for the whole family.

You'll find plenty of family-friendly things to do in Banff. Kids will enjoy the low key hikes like Tunnel Mountain hike. There's also the Banff Gondola and several playgrounds in downtown Banff. For adventure activities, check out the Golden Skybridge or Lake Louise.


Is Panama City or Banff Better for Couples?

Panama City
Banff

Banff is an amazing town to visit for its romantic activities. Also, Panama City is still popular, but not quite as popular for couples.

Banff has so much to offer for a romantic couple's vacation. It's a beautiful destination for a honeymoon or anniversary trip. There are countless hikes and stunning natural beauty. There are also spas, horseback riding, and many great restaurants.

Panama City is a great beach town if you're traveling as a couple. The beautiful beaches and romantic restaurants make for a great romantic getaway. This is the perfect place to take sunset walks along the beach and sample freshly caught local seafood.

Is Panama City or Banff Better for Backpackers and Budget Travelers?

Panama City
Banff

Banff is a great destination for backpackers. However, Panama City is not a backpacker-friendly destination.

Banff is a great town to visit for backpackers. There are a couple of hostels around town and plenty of natural beauty that appeals to backpackers.

Panama City is not a backpacker-friendly destination.

Is Panama City or Banff Better for Students?

Panama City
Banff

Panama City is notable for students. However, Banff is not popular with students.

Panama City is a very popular beach town for students and younger travelers. It's not the spring break destination that it once was, but you'll still find students hanging out around the spring holidays.

Banff is not popular with students.


Is Panama City or Banff Better for Public Transit? Which Is Easier to Get Around Without a Car?

Panama City
Banff

Banff is a nice place to visit for its public transit. However, Panama City is a beach town with minimal options for times when you don't have a car.

You'll find some public transit in Banff, but it may not be enough to take you everywhere. There's a bus system, Roam, that connects the towns of Canmore, Banff, and Lake Louise.

Public transit is mostly limited in Panama City. Most people need a car in Panama City but there is a trolley service that connects major tourist areas.

Is Panama City or Banff a more walkable city?

Panama City
Banff

Banff is a great destination for its high level of walkability. However, Panama City is a beach town with minimal options for its ease of walking around.

Banff is a very walkable town. The downtown is very walkable and there are trailheads nearby as well.

Panama City is not a very walkable beach town. There's often construction and the streets aren't designed for pedestrians.

For even more information, also check out Is Panama City Worth Visiting? and Is Banff Worth Visiting?.

Should I spend more time in Banff or Panama City?

How long in Panama City or Banff?

In either Panama City or Banff, you'll find plenty of activities to fill your time. Most visitors tend to spend more time in Panama City than Banff because of the overall number of sights and activities. Usually, 3-7 days is a good amount of time for Panama City, and 2-5 days is enough time in Banff.

Families should spend more time in Panama City than Banff. Because of the many family-friendly attractions and fun things to do for kids in Panama City, it's a great place to visit with the whole family.

Couples should spend more time in Banff than Panama City. You'll find plenty of romantic sights and fun activities in Banff that are perfect for a weekend getaway or a longer couple's trip.

Backpackers and budget travelers should spend more time in Banff than Panama City if your budget allows for it. With a larger number of budget-friendly sights, good nightlife, and active things to do, anyone traveling on a budget would have a good time in Banff.


  • How many days in Panama City or Banff? Ideal Length of Stay
    Panama City 3-7 
    Banff 2-5

One day in Panama City or Banff?

In Panama City, many people enjoy the food and shopping that this fun-filled destination offers. It's also a great beach destination, too. This beach town offers a variety of activities to choose from. Since there is so much to do in the area, one day is probably not enough for all of it.

Banff is a small town with plenty to do. Hikers are also drawn to this area. One day is usually not enough time for a trip here as there is plenty to do. The entire region has so many activities, and you'll want time to do everything.


A weekend in Panama City or Banff?

It's hard to know how much time to spend in Panama City. It's a great spot for a beach vacation. A weekend is usually not enough time for a trip here as there is plenty to do. The length of your ideal trip is an individual decision.

Banff might be a small town, but there's plenty to do in the area. Many visitors also spend a good bit of time hiking. This town offers something for everyone. Plenty of people spend a weekend in the area when traveling. If you enjoy all that's offered here, then a weekend is just the right amount of time to spend here.

Five days in Panama City or Banff?

Panama City is a fun place to experience. In Panama City, many people enjoy the nightlife and live music that this destination offers. You'll find plenty of activities on the beach. This would be the perfect place to spend five days, as it has just the right amount of activities.

Even though Banff is a small town, it has plenty of activities to choose from. Make sure you spend some time hiking while you're in the area. Many people spend five days here.If you enjoy all that's offered here, then five days is just the right amount of time to spend here. The length of your trip often depends on your style of travel.

A week in Panama City or Banff?

In Panama City, many people enjoy the live music and food that this active destination offers. Plenty of people spend one week in the area when traveling. Most people come for the beaches. Take your pick from the many activities offered here. One week is often enough time to do most activities.

Since Banff is a small town, it's easily explored when your time is limited. Anyone can find something fun to do here. Many travelers plan to spend time hiking while in the area. Most people find that one week is more than enough time to see everything.


For some great organized tour ideas, see The Best 2-Week Tours from Los Angeles, The Best Family-Friendly Tours to United States of America, The Best Sightseeing Tours in Canada, and The Best Camping Tours in Canada.


Which place is cheaper, Banff or Panama City?

These are the overall average travel costs for the two destinations. These travel costs come from the actual spending of real travelers.

  • Panama City Prices
    USA Prices
    Banff Prices
    Canada Prices
  • Average Daily Cost Per person, per day
    Panama City $272
    Banff $105

The average daily cost (per person) in Panama City is $272, while the average daily cost in Banff is $105. These costs include accommodation (assuming double occupancy, so the traveler is sharing the room), food, transportation, and entertainment. While every person is different, these costs are an average of past travelers in each destination. What follows is a categorical breakdown of travel costs for Panama City and Banff in more detail.



Accommodation
  • Accommodation Hotel or hostel for one person
    Panama City $128
    Banff $38
  • Accommodation Typical double-occupancy room
    Panama City $256
    Banff $76
Compare Hotels in Panama City and Banff

Looking for a hotel in Panama City or Banff? Prices vary by location, date, season, and the level of luxury. See below for options and compare which is best for your budget and travel style.

Hotels in Panama City


Hotels in Banff


Kayak helps you find the best prices for hotels, flights, and rental cars for destinations around the world. Compare prices for multiple destinations when planning your next trip.


Our Analysis
We've analyzed the average and typical hotel prices based on guest reviews, star ratings, and hotel amenities here: Panama City Hotel Prices and Banff Hotel Prices.

Local Transportation
  • Local Transportation Taxis, local buses, subway, etc.
    Panama City $48
    Banff $5.18

Hired Cars and Shuttles in Banff

Some specific examples of transportation prices in Banff:

  • All-Inclusive Private Banff Tour with Hotel Transfer: $796
  • Banff to Calgary YYC Airport (Private Transfer with Tesla): $286
  • Calgary Airport to Banff - Private Transfer: $839
  • Canmore/Banff to Calgary Airport (YYC) Private Transfer: $172

Is it cheaper to fly into Panama City or Banff?

Prices for flights to both Banff and Panama City change regularly based on dates and travel demand. We suggest you find the best prices for your next trip on Kayak, because you can compare the cost of flights across multiple airlines for your prefered dates.





Food
  • Food Meals for one day
    Panama City $115
    Banff $49

Typical Food Prices in Banff

Some typical examples of dining costs in Banff are as follows:


  • Tea House Lunch for Two
    $33
  • Hostel Breakfast
    $27
  • McDonalds
    $4.63

Food Tours and Cooking Classes in Banff

Also, here are some specific examples of food and dining related activities in Banff.

  • Sips & Sweets - Canadian Evening Food Tour: $85
  • A Taste of Banff Food Tour: $106
  • Winter Tour with Dinner & Nightrise at Banff Gondola: $166

Entertainment
  • Entertainment Entrance tickets, shows, etc.
    Panama City $19
    Banff $12

Tours and Activities in Panama City

Here are a few actual costs in Panama City for available activities, ticket prices, and tours:

  • Sunset Dolphin Cruise in St. Andrews Bay: $29
  • Panama City Beach Dolphin Sightseeing Sail: $35
  • Panama City Beach: Ripley's Believe It or Not! Combo Ticket: $37
  • Panama City Beach: Dolphin Sightseeing Trip by Catamaran: $38
  • Sunset Cruise with Good Jibez Only in Panama City Beach: $40
  • Shell Island Dolphin Sightseeing Boat Tour in Panama City Beach: $40
  • Dolphin Sightseeing Tour on The Footloose Catamaran from Panama City Beach: $40
  • Panama City Beach: 90 Minute Sunset Tiki Boat Tour: $44
  • 90 Minute Sunset Tiki Boat Tour: $45
  • Panama City Beach: Shell Island Catamaran Snorkeling Tour: $49
  • Footloose Catamaran Snorkel and Dolphin Watch Tour: $50
  • Original CRUISIN TIKIS 90 min Cruise - Grand Lagoon : $54

Typical Entertainment Prices in Banff

Some typical examples of activities, tours, and entrance ticket prices in Banff are as follows:


  • Hot Springs
    $5.31

Tours and Activities in Banff

Some specific costs of activities, tours, and entrance tickets for Banff are as follows:

  • Town of Banff Highlights 2 Hour Walking Tour | Gratuity-Based : $4.00
  • Tips-Based Walking Tour & Town Highlights: $4.02
  • The Sights of Canmore: a Smartphone Audio Walking Tour: $8.07
  • Smartphone Audio Driving Tour between Banff and Calgary: $8.10
  • The Sights of a Smartphone Audio Walking Tour: $8.12
  • Tunnel Mountain Trail: a Smartphone Audio Nature Tour : $8.12
  • Banff Cave & Hot Springs Audio Walking Tour (Not a Ticket): $9.99
  • Explore Banff National Park: Self-Guided Driving Audio Tour: $14
  • Yamnuska Wolfdog Sanctuary Walk Ticket in Canada: $29
  • Paranormal History Walking Ghost Tour: $29
  • Half Day Shared Adventure to Lake Louise and Moraine Lake : $30
  • Sightseeing Chairlift Ride High Above Banff: $34

Alcohol
  • Alcohol Drinks for one day
    Panama City $56
    Banff $9.33

Sample the Local Flavors in Banff

Also in Banff, these are the prices for nightlife and alcohol related activities from various tour providers:

  • Park Distillery Tour with Craft Spirits Tasting: $11
  • Park Distillery Tour with Whisky Tasting: $18


When we compare the travel costs of actual travelers between Panama City and Banff, we can see that Panama City is more expensive. And not only is Banff much less expensive, but it is actually a significantly cheaper destination. So, traveling to Banff would let you spend less money overall. Or, you could decide to spend more money in Banff and be able to afford a more luxurious travel style by staying in nicer hotels, eating at more expensive restaurants, taking tours, and experiencing more activities. The same level of travel in Panama City would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Panama City than you might in Banff.

If you're trying to decide if either of these two destinations are within your price range, also see Is Panama City Expensive? and Is Banff Expensive?.


Which is Bigger, Panama City or Banff?

Panama City has a larger population, and is about 5 times larger than the population of Banff. When comparing the sizes of Panama City and Banff, keep in mind that a larger population does not always imply the destination has more attractions or better activities. So, always research the type of place that you want to visit along with the activities and attractions that interest you.