Miami-Dade tourist tax falls 20 percent

An apparent bottom in the Miami-Dade hotel market gave way in August, when tourist taxes plunged 20 percent -- making it the third worst month for the industry since the financial crisis began a year ago.

Sandals buys closed resort in Bahamas, plans upgrade

Officials of Sandals Resorts international announced plans to buy the former Four Seasons Resort Great Exuma at Emerald Bay for an undisclosed amount and reopen it in January.