March hotel occupancy dips in Broward, rises in Miami-Dade, Palm Beach

An increase in the number of available rooms appears to have contributed to Broward County's decline in hotel occupancy

Miami /
Apr.April 28, 2018 01:40 PM

Ritz-Carlton South Beach

Hotel occupancy in March increased in Miami-Dade and Palm Beach counties and fell slightly in Broward County, according to hotel data specialist STR.

 

Hotel occupancy in Miami-Dade rose to 87.9 percent in March from 85.7 percent in the same month last year, and the average daily room rate in March was $268.22, up from $232.86 last year.

The average daily room rate also jumped in Broward County to $204.44 in March from $180.31 in the same month last year. But the county’s hotel occupancy rate dropped to 86.9 percent from 87.7 percent in March 2017.

Stacy Ritter, president of thee Greater Fort Lauderdale Convention & Visitors Bureau, said hotel occupancy in Broward dropped from the levels of last year because the number of available rooms in the county increased in the last 12 months by 795 to 31,044.

STR also reported that Palm Beach County’s hotel occupancy rate in March increased to 88.6 percent from 87.1 percent last year. [Sun-Sentinel] – Mike Seemuth

 

Related Articles

arrow_forward_ios
Ari Pearl, Jonathan Leifer and 9540 West Bay Harbor Drive. (Wyndam Hotels, PPG Development, L3C Capital Partners)

Ari Pearl, Jonathan Leifer acquire Bay Harbor Islands hotel out of foreclosure

Ari Pearl, Jonathan Leifer acquire Bay Harbor Islands hotel out of foreclosure
From left: Tom Brady and Gisele Bündchen; Pharrell Williams; Sylvester Stallone and Jennifer Flavin; Jared Kushner and Ivanka Trump (Getty, iStock)

South Florida’s biggest real estate stories of 2020

South Florida’s biggest real estate stories of 2020
Shelborne South Beach and Seagull Hotel (Shelborne, Google Maps)

Here are South Florida’s biggest hotel sales in 2020

Here are South Florida’s biggest hotel sales in 2020
The Gale Hotel with Harvey Hernandez

Banyan Investment buys Gale Fort Lauderdale hotel from Harvey Hernandez

Banyan Investment buys Gale Fort Lauderdale hotel from Harvey Hernandez
Francisco Martinez Miyashiki (forefront) and Francisco Martinez Celeiro with 16805 Northwest 12th Avenue (Linkedin, Wikipedia Commons, Google Maps)

Former actor sells Miami Gardens hotel for $6M

Former actor sells Miami Gardens hotel for $6M
Paul Lardi and 200-212 Collins Avenue (Linkedin, Alex Zylberglait/Marcus & Millichap)

South Beach property sells for $6M, buyer plans apartment-hotel

South Beach property sells for $6M, buyer plans apartment-hotel
Diego Colmenero and Charlie Porchetto from Urbanica plan to break ground on Edgewater hotel (Urbanica)

Urbanica completes $9M assemblage for Edgewater hotel

Urbanica completes $9M assemblage for Edgewater hotel
Rendering of the project

Fort Lauderdale OKs plan for Bahia Cabana Hotel on the beach

Fort Lauderdale OKs plan for Bahia Cabana Hotel on the beach
arrow_forward_ios

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

Loading...