The Real Deal Miami

Tourism shows smaller slide

May 27, 2009 04:58PM

The region’s tourism industry may be reaching bottom, as the rate of decline in key statistics slowed in April. Smith Travel Research said room rates fell 12 percent to $155 a night in Miami-Dade County from a year ago. That’s the lowest rate of decline since January. While that could signal a tapering off for the area’s largest market, the summer discounting season and continuing world recession conditions could pressure rates.