October occupancy increased at South Florida hotels

Higher occupancy and room rates in October offset September slowdown due to Hurricane Irma

Miami /
Nov.November 25, 2017 10:00 AM

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

October occupancy rates rose from last year’s levels at South Florida hotels, offsetting the business slowdown that Hurricane Irma caused in September.

The October occupancy rate among hotels in Broward County was 76 percent, an increase from 68.2 percent last year, when fears of mosquitos carrying the Zika virus thinned tourist traffic.

Tennessee-based STR, a hotel industry research firm, also reported that the daily room rate at Broward hotels averaged $127.34 in October, up from $118.29 in October 2016.

In Palm Beach County, the hotels’ October occupancy rate increased to 75.7 percent from 65.2 percent last year. The daily room rate among the county’s hotels averaged $138.42, up from $132.41 last year.

The October occupancy rate among Miami-Dade County hotels increased from last year’s level to 76.4 percent this year. The county’s average daily room rate in October also increased to $161.94. [Sun-Sentinel] Mike Seemuth


Related Articles

arrow_forward_ios
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
Renderings of the project Courtesy of Pebb Capital
JV plans high-end offices at old Bancroft Hotel in South Beach
JV plans high-end offices at old Bancroft Hotel in South Beach
JHSF's Fábio Auriemo with Como Metropolitan Miami Beach hotel (Susan Gale Group / One Sotheby’s International Realty)
Brazilian real estate giant JHSF buys oceanfront Miami Beach hotel, plans first Fasano
Brazilian real estate giant JHSF buys oceanfront Miami Beach hotel, plans first Fasano
The Variety Hotel (Getty)
Lender acquires Variety Hotel in Miami Beach following foreclosure suit
Lender acquires Variety Hotel in Miami Beach following foreclosure suit
Branden Muhl, James Vosotas and Hotel Greystone at 1920 Collins Avenue, Miami Beach (Google Maps, Mahaska, Trans Inns)
Hotel Greystone to reopen in September amid partnership break-up
Hotel Greystone to reopen in September amid partnership break-up
arrow_forward_ios

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

Loading...