The Real Deal Miami

Tourism group taps reserves

October 09, 2009 10:37AM

The Greater Fort Lauderdale Convention and Visitors Bureau will reach into its $3 million financial reserve to make steady expenditures in the face of a faltering tourism industry. It’s the first time the bureau has dipped into its rainy day fund, but President Nicki Grossman expects hotel tax revenues to grow with the Super Bowl and Pro Bowl games this year, as well as the start of cruise ship operations at Port Everglades. The airline Virgin America will also increase air traffic to the region. [Sun-Sentinel]