The Real Deal Miami

South Florida hotels hit, but fare better than nation

January 26, 2009 11:58AM

More regional hotels were empty and occupied rooms brought in less
money in 2008, according to consulting group Smith Travel Research.
Miami-Dade County fared best in the area, buoyed by a larger share of
international visitors. Its occupancy fell 1 percent to 71.5 percent
and rates rose nearly 1 percent to $114.21 a night. Palm Beach County
occupancy dropped nearly 6 percent to 61.6 percent, with rates down
almost 2 percent to $152.55 a night. Broward fared better, with
occupancy down 2 percent to 65.9 percent and rates down 2 percent to
$125.35 a night. South Florida hotels performed better than the U.S. average, with the nationwide hotel occupancy rate dropping 4 percent to 63.1 percent and rates rising 2 percent to $104.04 per night, Smith Travel said.