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).

 

 

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