MIAMI-For 2012, hotel occupancy rates increased in Miami-Dade and Broward counties with per-room rates also spiking higher.
According to Smith Travel Research data, Miami-Dade hotels were almost 75% occupied in December 2012, a nearly six-percentage point increase from November’s rate. Average daily room rates increased more than 12% to nearly $198 during December.
Broward County’s hotel occupancy rate in December was nearly 75%, which was just about four percentage points higher than the previous month with rates jumping about 6% to more than $116 according to a report in the Miami Herald.
For the year, Miami-Dade hotels were up over a percentage point to 76.4%, while in Broward County, about 73% of the rooms were full, which was more than three percentage points higher than in 2011. Miami hotel room rates jumped about 7% to $163.59, while Broward County’s average hotel room rate was 3% higher in 2012 than in 2011 at more than $114. See story in the Miami Herald.