Panama City is like any other Beach Community along the redneck riviera; well, maybe a little bit more redneck. As long as you are not walking the strip alone at night you will be fine. I am sure the Hotel people can direct you to a nice place to eat without having some hormone raging youngster trying to hump your leg while you eat.
The beach is ok. Once you cross the bridge, you are in a third world meth community that smells like a paper mill.