Boom: Miami Hotels Up 17.2% In February, Best In Nation

Hotels in Miami are enjoying a record-shattering 2018 with numbers unmatched anywhere else in America.

In February 2018, Miami-area hotel revenues were up double digits compared to the prior year:

  • Revenue per available room up 17.2% to $226.19 (compared to $193.02 in February 2017)
  • Average daily room rate up 12.1% to $260.17 (compared to $232.02 in February 2017)
  • Occupancy up 4.5% to 86.9% (compared to 83.2% in February 2017)
  • Number of room nights sold up 4.2% to 1,336,649

For the month, Miami’s revpar and average daily room rate were the best of the 25 largest hotel markets in America, according to hotel research firm STR (as reported in Miami Today).

 

 

marriott marquis worldcenter, proposed for miami arena site:

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Anonymous
2 years ago

I guess all the hysterical over AirB&B killing the hotel industry was BS.

Gringo
2 years ago

Our ABNB and VRBO property at the beach has been booked solid…much better than last year…and continues strong

Anonymous
2 years ago

Why did the TNM use that picture of the Marriott Marquis Worldcenter hotel which no one likes? Please, don’t try to shove this awful design down our throats!!!

Anonymous
2 years ago

Second that.

Anonymous
2 years ago

No imagination from TNM.

Anonymous
2 years ago

This has more to do with major destinations in the Caribbean still out of order from Hurricanes… Puerto Rico, St. Thomas, St. John, St. Maarten, Anguilla and on and on… For anyone from the North East looking for a quick warm weather getaway, Miami was an easy alternative. The Bahamas, Jamaica, Cayman Islands all have had similar increases becuase there is such little open inventory.

Anonymous
2 years ago

And this is why spring break, memorial day weekend, etc will never be shut down. They are money makers!

Anonymous
2 years ago

The article is talking about February ( Boat Show, Food and Beverage, etc.). Spring Break was in March and Memorial is coming in May. Spring Break and Memorial Weekend are not helping hotels, they are a big expense for the city to control, the crowds pollute the beaches and it is one of the crowds that leave the less money on the Miami business. To my opinion they displaced higher paying tourist looking for warm weather and a safe place to vacation.

Anonymous
2 years ago

Everything you said is “YOUR OPINION.”

Jesus
2 years ago

And yet we keep building more and more residential buildings instead of an iconic hotel skyscraper. They should build a nice hotel at The Towers over on the bay of Brickell. It looks striking and as a hotel, it will be even better.

Anon
2 years ago

even with these stats residential rental has outperformed hotels

Anonymous
2 years ago

David Hogg’s boycott I guess didn’t work.