Miami Travellers Still Coming Despite Tough Economic Times

Ocean Drive South Beach 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 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%

I love old videos.. This one is from 1983!

For well priced Miami Beach Vacation Rentals directly on Ocean Drive, visit SouthBeachVacationRentals.us or call 1.888.383.7326 ext.2

About Ashton Coleman

Ashton is a technology & social media savvy professional who understands the industry providing white-glove service with a wealth of experience, an impeccable reputation and a keen ability to efficiently handle all facets of real estate. Ashton’s territory has grown significantly since 2002, marketing & selling extraordinary South Florida coastal real estate from Miami Beach to Lighthouse Point. A Certified Luxury Homes Marketing Specialist (Million Dollar Guild), with a multitude of other residential certifications, Ashton provides both exceptional service and unique selling techniques. His success is attributed to an unparalleled work ethic with years of experience including top-tier professional services where the ‘art of the deal’ is mastered in contract negotiations, deal-making intricacies and the end, results-driven real estate.

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