Miami Travelers Still Coming Despite Tough Economic Times

Miami travelers are still coming despite tough economic times. According to statistics recently released by the Greater Miami Convention and Visitors Bureau, people are still coming to Miami to spend their travel and leisure dollars. Although hotel occupancy and rates declined in January 2009, Smith Travel Research reports that for the month of January 2009, Miami ranked second in hotel room occupancy at 68.3%. Miami also ranked third in the average daily room rate (ADR), at $177.50, among the Top 25 Hotel Markets in the U.S. despite declines in occupancy and room rate. Miami Is Still A Highly Desirable Destination For Today’s Traveler. (by RAMB)

During this same time period, all but one of the Top 25 Hotel Markets in the U.S. reported declines in occupancy and room rate. Due to high demand during the Presidential Inauguration, only Washington, DC, experienced an increase in January.

Occupancy (January 2009) TOP 5 MARKETS:
% Full
% Change vs. 2008

1. Oahu Island
69.6%
-9.40%

2. MIAMI
68.30%
-11.20%

3. Orlando
60.60%
-7.80%

4. New York
59.50%
-16.10%

5. Houston
59.20%
-0.80%

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