LGBT tourism reports an undoubted growth in the world tourism market, and in Panama the debate on its development is, as in other countries, linked to the discussion on the rights of the LGBT community; this article addresses the issue from the documental review of 2030 Agenda, the Sustainable Development Goals ODS and the Global Reports on LGBT Tourism of the World Tourism Organization and the International Gay and Lesbian Travel Association. Empirical evidence indicates that while it is true that the LGBT community has been gaining space as a community, in terms of human rights, 2030 Agenda and the UNWTO reports, it is actually a community that is not fully visible and is rather seen as an emerging tourism market segment that, if taken advantage of, could have positive repercussions on the economies of destinations that are open to its development, but one would have to take into account what the impact could be in other areas of the societies where it develops. It is also clear from this research that if everything related to social inclusion and gender equality is very much in vogue today, it would seem that even the global community is not prepared to take on and consolidate LGBT tourism, since, although it has had a rebound, it only manifests itself in specific destinations with places, activities and services specialized only for that segment, which, by asserting its rights, does not cease to exclude itself from the rest.