Photo by Emily Burke

Caldera hotels from RM140

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28 Dec - 29 Dec
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29 Dec - 30 Dec
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2 Jan - 4 Jan
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9 Jan - 11 Jan

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Our top choices for Caldera hotels

Terrace/patio
Cabanas Rio Encantado

Cabanas Rio Encantado

Cabanas Rio Encantado
3.0 star property
Caldera
9.4 out of 10, Exceptional, (40)
"This was our favorite place. Clean, gorgeous grounds, comfortable rooms, killer pool, riverside, very accommodating host. Love, love, love."
United States
Kristin
The price is RM414
RM456 total
includes taxes & fees
13 Jan - 14 Jan 2026
Cabanas Rio Encantado
Garden
ONDA Boquete

ONDA Boquete

ONDA Boquete
3.0 star property
Boquete
8.8 out of 10, Excellent, (36)
"The staff was very friendly and helpful! Would stay again, no question!"
United States
Mark
ONDA Boquete
Outdoor pool, pool umbrellas, pool loungers
Hotel Ciudad De David

Hotel Ciudad De David

Hotel Ciudad De David
3.5 star property
David
9.4 out of 10, Exceptional, (1003)
"Very clean and comfortable hotel, great location! Restaurant with good food and large menu. Staff was amazing and very friendly!"
United States
David
The price is RM304
RM334 total
includes taxes & fees
23 Jan - 24 Jan 2026
Hotel Ciudad De David
Indoor spa tub
Horizonte Resort Hotel & Spa

Horizonte Resort Hotel & Spa

Horizonte Resort Hotel & Spa
3.5 star property
Gualaca
8.6 out of 10, Excellent, (130)
"The hotel has a great view of the entire country side, and while we were there, there might have 3/4 families that came into the facility "
United States
George
The price is RM376
RM413 total
includes taxes & fees
29 Dec - 30 Dec
Horizonte Resort Hotel & Spa
Front of property
Aires frescos de Boquete

Aires frescos de Boquete

Aires frescos de Boquete
2.0 star property
Alto Boquete
9.0 out of 10, Wonderful, (4)
"I stayed there for 13 nights during a move to Panama. A real nice family run business. It was a great experience. The property is very well kept and super clean. The staff was super friendly and very timely with any questions I had. I had a small efficiency and there is a nice grocery store one block away. Can’t say enough and I would certainly recommend AIRES FRESCO to my friends and family. "
United States
David
The price is RM201
RM222 total
includes taxes & fees
29 Dec - 30 Dec
Aires frescos de Boquete
Terrace/patio
Aranjuez Hotel & Suites

Aranjuez Hotel & Suites

Aranjuez Hotel & Suites
3.5 star property
David Sur
9.2 out of 10, Wonderful, (772)
"Wonderful staff & great restaurant"
United States
KAREN
The price is RM312
RM343 total
includes taxes & fees
2 Jan - 3 Jan 2026
Aranjuez Hotel & Suites
Reception
Hotel Crown Mirage

Hotel Crown Mirage

Hotel Crown Mirage
2.0 star property
David Sur
8.4 out of 10, Very good, (5)
The price is RM140
RM154 total
includes taxes & fees
29 Dec - 30 Dec
Hotel Crown Mirage
Exterior
Hampton by Hilton David

Hampton by Hilton David

Hampton by Hilton David
3.0 star property
David Sur
9.2 out of 10, Wonderful, (495)
"entire stay was superb. Location, quality of staff, decor, entertainment, great beds."
United States
Richard
The price is RM362
RM398 total
includes taxes & fees
5 Jan - 6 Jan 2026
Hampton by Hilton David
Breakfast, lunch, dinner served; Spanish cuisine
Hotel Castilla

Hotel Castilla

Hotel Castilla
3.0 star property
David
8.4 out of 10, Very good, (184)
"Everyone was nice and very helpful - the place was beautiful in old style Spanish. "
United States
Heather
Hotel Castilla
In-room safe, desk, blackout curtains, iron/ironing board
Hotel City Plaza & Suites

Hotel City Plaza & Suites

Hotel City Plaza & Suites
3.5 star property
David Sur
9.2 out of 10, Wonderful, (178)
"Service was excellent, room was great,however that is a very noisy area of David, vehicles and horns all night"
United States
Paul
Hotel City Plaza & Suites
28-inch flat-screen TV with cable channels, smart speakers
Boquete Guest House Alto Boquete

Boquete Guest House Alto Boquete

Boquete Guest House Alto Boquete
3.0 star property
Alto Boquete
The price is RM284
RM312 total
includes taxes & fees
29 Dec - 30 Dec
Boquete Guest House Alto Boquete
View from room
Lucero - Luxury Treehouses

Lucero - Luxury Treehouses

Lucero - Luxury Treehouses
3.5 star property
Jaramillo
8.6 out of 10, Excellent, (4)
"Print or save your map beforehand. Do not exit onto a gravel road! The property is located inside a golf community. The map on the listing is incorrect! As of October 2025 all maps including Google, Waze and Apple maps all have the wrong and remote location. The correct location is Lucero. We had a beautiful experience! Everyone was so pleasant and welcoming. We had an amazing stay!"
United States
John
The price is RM918
RM1,010 total
includes taxes & fees
29 Dec - 30 Dec
Lucero - Luxury Treehouses
Premium bedding, down duvets, minibar, in-room safe
Tree Trek Boquete Adventure Park

Tree Trek Boquete Adventure Park

Tree Trek Boquete Adventure Park
3.0 star property
Los Naranjos
9.0 out of 10, Wonderful, (191)
"My husband and I had a great 3-night stay at Tree Trek, our first trip to the Boquete region and couldn’t have been happier with our stay. A special place that we enjoyed and would return. The Superman zipline, honey and rum tasting as well as the dining were all excellent. "
United States
Moki
The price is RM498
RM548 total
includes taxes & fees
19 Jan - 20 Jan 2026
Tree Trek Boquete Adventure Park
Exterior
Linda Vista Cabins

Linda Vista Cabins

Linda Vista Cabins
3.0 star property
Alto Boquete
9.2 out of 10, Wonderful, (17)
"Property was the best local accommodation I have had in Panama. The host was outstanding. "
United States
Don
The price is RM203
RM223 total
includes taxes & fees
3 Jan - 4 Jan 2026
Linda Vista Cabins
Outdoor pool, pool loungers
Los Establos Boutique Resort- All Inclusive

Los Establos Boutique Resort- All Inclusive

Los Establos Boutique Resort- All Inclusive
4.5 star property
Jaramillo
9.6 out of 10, Exceptional, (21)
"Very beautiful and special place."
United States
SVETLANA
The price is RM2,353
RM2,685 total
includes taxes & fees
6 Jan - 7 Jan 2026
Los Establos Boutique Resort- All Inclusive
Garden view
MOMA Guest House

MOMA Guest House

MOMA Guest House
2.0 star property
Brisas de Alto Boquete
10.0 out of 10, Exceptional, (2)
"Me encantó. Repetiría la experiencia 💓"
Mexico
astrid
The price is RM186
RM205 total
includes taxes & fees
6 Jan - 7 Jan 2026
MOMA Guest House
Outdoor pool, open 6:00 AM to 6:00 PM, pool umbrellas, pool loungers
Gran Hotel Nacional

Gran Hotel Nacional

Gran Hotel Nacional
3.0 star property
Barrio El Carmen
8.4 out of 10, Very good, (512)
"Great place , to stay in David "
United States
Helge
Gran Hotel Nacional
Terrace/patio
Buena Vista Boquete

Buena Vista Boquete

Buena Vista Boquete
2.0 star property
Boquete
9.2 out of 10, Wonderful, (82)
"Very clean rooms, nice view,"
United States
Joe
Buena Vista Boquete
Restaurant
Los Abetos Boutique Hotel

Los Abetos Boutique Hotel

Los Abetos Boutique Hotel
3.0 star property
Boquete
9.6 out of 10, Exceptional, (46)
"Quaint hotel/bed and breakfast. Breakfast variety quite limited. Friendly staff. Rooms quite small."
United States
Martha
The price is RM437
RM481 total
includes taxes & fees
30 Dec - 31 Dec
Los Abetos Boutique Hotel
Front of property
Hotel Rebequet

Hotel Rebequet

Hotel Rebequet
3.0 star property
El Tropezón
8.6 out of 10, Excellent, (82)
"Great place to stay! Very clean and comfortable and the staff are very helpful and friendly. We really like this place."
United States
Jennifer
The price is RM340
RM374 total
includes taxes & fees
19 Jan - 20 Jan 2026
Hotel Rebequet
Lowest nightly price found within the past 24 hours based on a 1 night stay for 2 adults. Prices and availability subject to change. Additional terms may apply.
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Learn more about Caldera

Love spas and nature? Get away to Caldera!

See all hotels in Caldera
This rad quiet place near Boquete Panama was a hidden gem! Nobody there but my friend and I and two locals that brought us to this paradise! So amazing!!
Photo by Emily Burke
Open Photo by Emily Burke

Top Caldera Hotel Reviews

Hotel City Plaza & Suites

Hotel City Plaza & Suites

10/10 Excellent
"All went extremely well. God bless you all."
Patrick 3-night trip
Posted 1 month ago
Hotel City Plaza & Suites

More cheap stays in Caldera

Pensión Galicia

Pensión Galicia

Av. Obaldía David Provincia de Chiriquí
The price is RM128 per night from 29 Dec to 30 Dec
RM128
RM140 total
29 Dec - 30 Dec
includes taxes & fees
2/10 (1 review)

Frequently asked questions

Where is the best place to stay in Caldera?
Based on our traveller data, Cabanas Rio Encantado is one of the top choices for your stay. This cabin offers an outdoor pool and free parking. Two other options for your trip to the area are Hotel Ciudad De David and Aranjuez Hotel & Suites. See all available top hotels, or vacation rentals in Caldera.
If I need to cancel my hotel reservation in Caldera, will I receive a refund?
Yes! You'll find that most hotel reservations are fully refundable if you cancel prior to the hotel's cancellation deadline, which is often 24 or 48 hours before your arrival date. If you have a non-refundable reservation, it may still be possible to cancel it and receive a refund within a 24-hour period of booking. Filter your search by fully refundable to find flexible hotel deals in Caldera.
What's it like to stay in Caldera?
Visitors can enjoy all that Caldera has to offer, including the spas and parks. There are 238 hotels and other accommodation options in the surrounding area. Find out more about Caldera.
What should I see while I'm in Caldera?
Places to visit in the wider area include Boquete Library, Municipal Park and Boquete Tree Trek. You'll also find Finca Lérida Coffee Estate and Plaza El Terronal in the area. Take a look at what more there is to see and do in Expedia's Caldera guide.
What's the weather like in Caldera?
The hottest months are usually April and March, with an average temperature of 22°C, while the coldest months are January and December, with an average of 21°C. The rainiest months in Caldera are October, August, November and May, with each month seeing an average of 603 mm of rainfall.