search

The Real Deal Logo

Trending

LA court strikes down SB9 law allowing single-family lot splitsLA court strikes down SB9 law allowing single-family lot splitsTides’ original investors may be wiped out by preferred equity dealTides’ original investors may be wiped out by preferred equity dealGlossier founder is buyer of $22M Brooklyn townhouseGlossier founder is buyer of $22M Brooklyn townhouseBushburg buying Rudin’s half-empty FiDi office building for $160MBushburg buying Rudin’s half-empty FiDi office building for $160M
South Florida

Hotel vacancies indicate weak winter season

Sign Up for the undefined Newsletter

Data from Smith Travel Research indicates fewer tourists are headed for
the Sunshine State, heralding a blow to Florida’s largest industry. In
Miami-Dade County, hotel tax revenues are down 1 percent since
September, and room revenues took a 10 percent drop, their biggest dive
in at least five years. Smith Travel Research said room revenues
dropped 10 percent in the Keys and 5 percent in Broward; they plunged
23 percent in Orlando.