The beauty of Valley Labský důl is enhanced by several waterfalls. The biggest and the most beautiful one is to several levels divided Pančavský waterfall, whose water falls from a rocky edge up to a depth of 250 meters. Another waterfall called Labský waterfall is more in a cascade shape.

Among the most frequented hiking trails belongs the path from the chalet Labské boudy along the edge of Valley Labský důl across the ridge Zlaté návrší to the lodge Vrbatova chata and the memorial of skiers Hanč and Vrbata. This site overlooks the scenic valley Labský důl and Pančavský waterfall. From the memorial of skiers Hanč and Vrbata there is a magnificent view over the central part of the Giant Mountains, which is believed to be one of the most beautiful ones in the Czech Republic.

In the year 1791 it was still stated, that the valley Labský důl is a pristine wilderness untouched by humans. Today it is the frequented site for many tourists, who come to admire its unique beauty.