September hotel occupancy down in Miami-Dade
But occupancy and average room rates rose in Broward and Palm Beach counties
October 30, 2016 10:00AM
Ikona Hotel 3030 Bayshore Drive Fort Lauderdale (Credit: Sun-Sentinel)
September hotel occupancy increased from last year’s levels in Broward County and Palm Beach County, and declined in Miami-Dade County, according to hospitality industry data source STR.
An increased supply of hotel rooms contributed to declines in both occupancy and average daily room rates in Miami-Dade last month, the Sun-Sentinel reported, citing an unidentified tourism official.
STR data on inventory shows that the number of hotel rooms in Miami-Dade grew to 53,902 in September, an increase of 2,589 from the same month last year.
The combined number of hotel rooms in Broward and Palm Beach County was 47,029 in September, an increase of 858 from September 2015.
The September occupancy rate in Miami-Dade fell to 68.4 percent from 70.1 percent last year, and the average daily room rate slipped to $140.49 from $141.05.
Broward hotels were 67.9 percent occupied last month, a bit better than the 66.1 percent occupancy rate in September 2015. The county’s average daily room rate ticked up to $105.28 in September from $101.98 in the same month last year.
STR also reported that September occupancy at Palm Beach County hotels rose to 62.4 percent from 60.7 percent last year, and the average daily room rate increased to $117 from $112.17. [Sun-Sentinel] — Mike Seemuth
Source: The Real Deal