Having stayed in Levi a few times for Christmas we decided to give the Panorama a try and were happy with our choice.
Like all hotels there are a few things that they could do better, the obvious one being to brighten the place up for Christmas. This is a key hotel in Lapland yet there were minimal decorations and a poor Christmas feel. There was nothing to give the kids a wow.
If you're looking for a classy hotel then this is the one but if you're looking for somewhere that has that Lapland Christmas wow then I'm afraid not. That said the staff are fantastic and can only work with what they have available.
One piece of advice I would give, assuming it doesn't change is skip the hotel's Christmas gala dinner. We found it to be overpriced, bland and the whole area lacking any form of festive feel. We did comment to the hotel and they kindly arranged for us to have a 2nd meal on them - which was very much appreciated you certainly get the feeling they genuinely want you to be very happy. The staff really couldn't do enough.
My only 'downer' on the hotel is that they don't get into the Christmas spirit, which is strange for a hotel in Lapland but as our kids are getting older its less of an issue for us.