The Real Deal Miami

South Florida hotel occupancy, prices see improvement

September 23, 2011 10:17AM

South Florida hotels saw an improvement in August, even in what is
typically the region’s slowest month. In Miami, hotel occupancy reached
73.6 percent, an 11 percent increase compared to the same period in
2010, according to Smith Travel Research. Prices in the Miami-Dade
County averaged $122.14, which was a 10.8 percent jump over August 2010.
Fort Lauderdale hotel occupancy was just 63.1 percent, but that was
still a 5 percent jump over last year. [Miami
Herald]