The Real Deal Miami

Hotel revenues drop

March 24, 2009 12:12PM

It’s peak vacation season in South Florida, but hotel revenues are far from their highs. February data shows that Miami-Dade County hotel revenue slipped worse than in the months after the Sept. 11, 2001 terrorist attacks. Occupancy levels dropped 10 points from a year ago to 73 percent despite a 15 percent cut in room rates to $180 a night, according to Smith Travel Research. Miami-Dade also is suffering from what the Commerce Department said is a 22 percent cutback in travel spending across the country.