Chosen By: Michaela Guzy, an American media executive, entrepreneur and on-air show host. She is the executive producer for two online television shows, Michaela’s Map and OhThePeopleYouMeet. Based in New York City, she is also an adjunct professor at New York University School of Professional Studies, where she teaches a course called "Travel Storytelling: Creating Video Content."
How cheap is it? Very. Its largest city -- helpfully named Panama City -- is the world's third-cheapest major city. And it is major! Panama has the fastest growing economy in Latin America, with abundant new restaurants and luxury hotels; it's pretty much the most (and arguably only) truly global/metropolitan city in the region. And still a bunk in a cheap but well-reviewed and centrally located hostel will set you back only $14 per night, while those seeking luxury accommodations can stay at the damn Waldorf Astoria for $149 per. Which is stupid cheap, all things being relative. A public bus ride in the city is just 25 cents. You can eat on the cheap for under $20/day for all three squares if you hit up cafés for breakfast, the beach fish markets for lunch, and restaurants without English menus for dinner. Beers will cost you anywhere from $1.25 to $3 a pop. All in all, you're getting huge bang for your buck -- oh also literally your buck, as US currency is interchangeable with the Panamanian balboa.
Chosen By: Amie O’Shaughnessy, founder and CEO of Ciao Bambino. After having her son, Amie searched extensively for credible resources to provide family-focused advice, direction and useful accommodation information. She quickly realized that there were no relevant resources available, particularly for a discerning traveler, so she decided to help solve this problem and started Ciao Bambino.