The Real Deal Miami

Hotel occupancy up again

April 25, 2010 03:03PM

Occupancy grew again in South Florida for the week ending April 17, largely due to strong increases in Palm Beach, Broward and Miami-Dade counties,
according to Smith Travel Research. Palm Beach posted the biggest gains
at 4.7 percent over the same period in 2009, with a 3.5 percent rise in
Broward and a 2.5 percent uptick in Miami-Dade County. Rates fell, however, with each
county’s hotel prices falling more than 8 percent. Miami-Dade
County was also the only market to post a rate increase for the first
quarter, with a 4 percent rise to $182.70. [SFBJ]