News Column

BRIEF: April busy for South Florida hotels

May 28, 2014

By Hannah Sampson, The Miami Herald



May 28--South Florida hotels were busy in April, with more beds booked at higher rates than the same time a year earlier.

Miami-Dade hotels were 81.3 percent full, an increase of 2 percentage points compared to April of 2013, according to data released recently by travel research firm STR. Average daily rates increased 13.6 percent to $206.83, while per-room revenue jumped nearly 16 percent to more than $168.

Broward saw solid numbers as well: Hotel occupancy was up 5 percentage points to 81.5 percent. Average room rates were $140.52 a night, an increase of more than 12 percent. And revenue per avaliable room leapt nearly 18 percent to $114.57.

The Florida Keys saw only a small gain in occupancy of less than one percentage point; hotels were 82.5 percent full. But room rates shot up 20 percent to $298.61, while per-room revenue increased nearly 21 percent to more than $246.

___

(c)2014 The Miami Herald

Visit The Miami Herald at www.miamiherald.com

Distributed by MCT Information Services


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Miami Herald (FL)


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters