June occupancy up at South Florida hotels

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

Miami /
Jul.July 22, 2017 10:00 AM

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

arrow_forward_ios
Wheelock pays $106M for The Ben hotel near downtown West Palm Beach
Wheelock pays $106M for The Ben hotel near downtown West Palm Beach
Wheelock pays $106M for The Ben hotel near downtown West Palm Beach
Fruchtlander family buys Hollywood, Florida rental for $32M
Fruchtlander family buys Hollywood, Florida rental for $32M
Fruchtlander family buys Hollywood, Florida rental for $32M
David Grutman and Pharrell’s Goodtime Hotel in South Beach scores $164M refi
David Grutman and Pharrell’s Goodtime Hotel in South Beach scores $164M refi
David Grutman and Pharrell’s Goodtime Hotel in South Beach scores $164M refi
Moishe Mana buys Allapattah site as he doubles down on Miami
Moishe Mana buys Allapattah site as he doubles down on Miami
Moishe Mana buys Allapattah site as he doubles down on Miami
Foreclosure lawsuit targets DoubleTree hotel near Miami International Airport
Foreclosure lawsuit targets DoubleTree hotel near Miami International Airport
Foreclosure lawsuit targets DoubleTree hotel near Miami International Airport
(Facebook via Hotel Astor Miami Beach)
Shuttered Hotel Astor in Miami Beach gets a new owner
Shuttered Hotel Astor in Miami Beach gets a new owner
Miami allegedly granted improper height increase for Design District hotel project: lawsuit
Miami allegedly granted improper height increase for Design District hotel project: lawsuit
Miami allegedly granted improper height increase for Design District hotel project: lawsuit
The Fairwind Hotel and Joseph Chetrit (Getty, Fairwind)
Chetrit Group sells Miami Beach hotel for $42M
Chetrit Group sells Miami Beach hotel for $42M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...