The Real Deal Miami

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
September 23, 2017 12:15PM

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