June occupancy up at South Florida hotels

STR also reported that June room rates rose in Broward and Palm Beach

Jul.July 22, 2017 10:00 AM

Ikona Hotel, 3030 Bayshore Drive, Fort Lauderdale (Credit: Sun-Sentinel)

Conferences and conventions helped to lift June occupancy rates at South Florida hotels from last year’s levels.

STR, a Tennessee-based hotel industry research firm, also reported that hotels’ average daily room rate in June rose in Broward County and Palm Beach County, compared to last year, and declined in Miami-Dade County.

Ten large groups held events in Broward during June, including the Southwest Cannabis Conference & Expo (June 9-11) and the annual conference of the Florida Government Finance Officers Association (June 24-28).

STR reported that the June occupancy rate at Broward hotels increased to 73.9 percent from 72.3 percent last year, and the hotels’ average daily room rate rose to $112.78 from $111.91 last year.

In Palm Beach County, the June occupancy rate grew to 68.6 percent from 67.4 percent last year. The average daily room rate was $124.74 last month, up from $120.70 in June 2016.

“Two large groups that held their conventions here in June helped to boost our overall numbers,” Jorge Pesquera, president and CEO of Discover The Palm Beaches, said in a prepared statement.

In Miami-Dade County, the hotel occupancy rate in June was 72.8 percent, up from 70.7 percent in the same month last year. But the average daily room rate in June declined to $146.37, down 1 percent from June 2016. [Sun-Sentinel] Mike Seemuth

Related Articles

Daily Digest Miami

Forever 21’s Lincoln Road store among planned closures, downtown Miami office building hits the market: Daily digest

State report finds open gas valve fueled building explosion at Plantation shopping center

Bayside Marketplace is planning another high-rise entertainment venue with a view

Construction of downtown Hollywood high-rise may start soon

South Florida firm, partner acquire Tampa office building for $29.4M

Developer borrows $105M, breaks ground for mixed-use Flagler Village project

Moishe Mana plans mixed-use project with logistics theme next to airport in Panama

Power restored after blackout envelopes West Side of Manhattan