May brings bigger numbers to South Florida hotels
06/25/2014 11:27 AM
06/25/2014 11:28 AM
Hotels saw business improve in May compared to the previous year, a recent report shows.
Data released last week by travel research firm STR shows that hotels in Miami-Dade were more than 79 percent full, an increase of nearly 7 percentage points compared to May of 2013. Average daily rates increased 7 percent to more than $170, and revenue per available room soared more than 14 percent to nearly $135.
In Broward, May occupancy was more than 74 percent, up five percentage points. Rates jumped to $113.65, nearly 4 percent higher than a year earlier. Per-room revenue was up 9 percent to $84.31.
Hotels in the Florida Keys were nearly 80 percent full, 2 percentage points higher than the previous year. Average daily rates climbed more than 11 percent to $246.64, and revenue per available room increased more than 14 percent to $196.68.
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