Friday, May 4, 2018
A record-breaking $26 billion in expenditure by overnight visitors to Miami was announced by the Greater Miami Convention and Visitors Bureau.
It showed a 2.1 per cent increase over the last year and the employment in the leisure and hospitality industry was up by 2.4 per cent. It reached a record 144,800 jobs in Miami-Dade for 2017.
The strength of the international market fuelled the growth in the travel and tourism industry for the year 201. The record-setting pace continues till the first quarter of 2018.
A record 15.9 million overnight visitors reach was noted in 2017, representing almost one percent increase as compared to 2016.
A new record was made with the demand for the destination growing by 4.7 per cent and the hotels sold more room nights in 2017 as compared to 2016.
In 2018 Greater Miami continued the trend with an increased hotel occupancy by 4.3 per cent, hotel room rates by 11.8 per cent and revenue per available hotel room by 16.6 per cent in the first quarter as compared to the same period last year.
This was reported by the Smith Travel Research.
The Miami Beach Convention Center was closed for expansion and renovation after being hit by Hurricane Irma. But it still received record breaking success in part to Greater Miami’s strength in the international market.
