It seems that South Florida has something to feel good about, other than the constant sunshine and marbled Atlantic coastline! The local hotel industry is reporting increases for the first time in a while, which should help to bolster the economy.
The economic downturn, depression, however you prefer to label the financial catastrophe that has rocked the entire globe and changed so many lives seems to be retreating somewhat. The South Florida Business Journal has reported that local hoteliers are experiencing higher occupancy rates, figures that are surely needed.
Recent national events deserve a nod of gratitude for this increase, such as the Pro Bowl, Super Bowl, Food Network’s South Beach Food & Wine Festival, FASHIONmiami and other luxury events that attract guests to our sandy shores and into our plethora of hotels, residences and luxury condos.
South Florida hotel occupancy increases by county:
• Miami-Dade: 7.2 percent occupancy increase
• Broward: 8.2 percent occupancy increase
• Palm Beach: 7.5 percent occupancy increase
These figures reflect the time period around early summer, and the national average is a 5.9 percent increase, which means South Florida is doing better than most. It remains to be seen whether this welcomed trend will continue, but with great digs like the new W Hotel South Beach, the Setai, or the plush Fontainbleau, it is difficult to imagine the struggle lasting for long. Residents and hoteliers of South Florida look forward to a future of prosperity, posh parties, fine dining, entertainment, celebs and oh so much sunshine!
Post by Imagine Lifestyles Luxury Rentals