August hotel occupancy, room rates rose across South Florida

Miami-Dade County hotels had the highest occupancy (75.4%) and the highest average daily room rate ($145.01) in the tri-county area

TRD MIAMI /
Sep.September 23, 2017 12:15 PM

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

August occupancy rates and daily room rates rose from last year’s levels throughout tri-county South Florida, according to hotel research firm STR.

The hotel occupancy rate in Miami-Dade County rose to 75.4 percent last month from 73.7 percent in August 2016, and the average daily room rate increased to $145.01 from $143.64.

Hotel occupancy in Broward rose to 74.9 percent in August from 72.9 percent in the same month last year, while the average daily room rate edged up to $108.59 from $106.17.

In Palm Beach County, the August occupancy rate rose slightly to 63.4 percent from 62.9 percent last year, and the average daily room rate was almost unchanged at $115.80, nine cents higher than in August 2016.

August results were unaffected by Hurricane Irma, which led many hotels to evacuate guests before Irma made landfall as a Category 4 hurricane in the Florida Keys on Sept. 10. [Sun-Sentinel] Mike Seemuth


Related Articles

arrow_forward_ios
Jeffrey Soffer, Brett Mufson, David and Simon Reuben

British billionaires invest in Jeffrey Soffer’s Turnberry resort in Aventura

British billionaires invest in Jeffrey Soffer’s Turnberry resort in Aventura
Len Blavatnik, Vlad Doronin and a rendering of the project (Credit: Mike Coppola/FilmMagic via Getty Images)

Aman tower planned for Faena Versailles site in Miami Beach advances

Aman tower planned for Faena Versailles site in Miami Beach advances
Susan Gale and Variety Miami Beach

Miami Beach hotel facing foreclosure hits market for $37M

Miami Beach hotel facing foreclosure hits market for $37M
Art Basel 2019 (Credit: Art Basel)

How Art Basel Miami Beach’s cancellation will impact real estate

How Art Basel Miami Beach’s cancellation will impact real estate
777 North Ocean Drive, Hollywood (Credit: Google Maps)

Bankruptcy judge approves Madison Realty’s purchase of Costa Hollywood Beach condos

Bankruptcy judge approves Madison Realty’s purchase of Costa Hollywood Beach condos
President Trump and Mar-a-Lago Club (Credit: Joe Raedle/Getty Images, and Pete Marovich/Getty Images)

Trump faces $1.5M in Palm Beach County property taxes

Trump faces $1.5M in Palm Beach County property taxes
Paseo de la Riviera and Brent Reynolds

Developer completes $225M Paseo de la Riviera mixed-use project

Developer completes $225M Paseo de la Riviera mixed-use project
From left: 1900 Collins Avenue (Top), 229 19th Street, 1925 Liberty Avenue and 227 19th Street (Credit: Google Maps)

Contractor alleges unpaid work at Lennox Miami Beach hotel, amid legal battle between father-in-law and son-in-law

Contractor alleges unpaid work at Lennox Miami Beach hotel, amid legal battle between father-in-law and son-in-law
arrow_forward_ios

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

Loading...