South Florida hotels ended a healthy year with a strong December.
Occupancy and rates were up at hotels in Miami-Dade, Broward and the Florida Keys in December compared to the same time in 2012. Numbers for the full year showed year-over-year increases in all three counties as well.
In Miami-Dade, hotels were more than 78 percent full in December, an increase of 3.6 percentage points. Average daily rates jumped 9 percent to more than $214, and per-room revenue soared 13 percent to more than $167. For the full year, occupancy was up nearly 2 percentage points to 77.9 percent and rates increased more than 8 percent to $176.66. Revenue per available room for 2013 increased more than 10 percent to $137.60.
Broward hotels posted occupancy of nearly 77 percent, a jump of 3.5 percentage points, while rates were up more than 7 percent to nearly $125 a night. Per-room revenue increased almost 11 percent to $96.02. For the full year, occupancy was 74.7 percent, up 3.2 percentage points, and rates gained more than 4 percent to land at more than $119 a night. Revenue per available room increased 7.5 percent to $89.20.
The Florida Keys saw huge gains in December: Occupancy was up 11.3 percentage points to 75.2 percent, rates increased almost 13 percent to more than $268 and per-room revenue shot up 25.5 percent to $201.71. For all of 2013, occupancy increased more than 5 percentage points to 79.1 percent. Rates jumped more than 9 percent to $233.03 and revenue per available room was up 15 percent to $184.25.
Hotels showed were fuller at higher prices throughout South Florida