Tag Archives: RevPar

Hotel Transactions in Miami Still Simmering

As Suzanne Amaducci-Adams wrote in a previous blog post, the average daily occupancy rate, average daily room rate (ADR) and revenue per available room (RevPAR) numbers for Miami each had a significant increase for the first seven months of 2013 over 2012. As you can see in the chart below, Miami is in outstanding company when … Continue Reading

Miami Hotel Market Update: RevPAR Up, Occupancy Up, ADR Up

CBRE Hotels, one of the hospitality industry’s leading full-service real estate groups, recently published its Summer 2013 report on the latest hospitality trends in Miami. The “Miami – Hotel Market Update” brings good news, with notable highlights including the following: Miami once again ranked among the strongest hotel markets in the nation, behind only New … Continue Reading

Impact of Lehman Collapse on South Florida’s Hospitality and Tourism Industry

Study Indicates Economic downturn more detrimental than 9/11 The economic downturn– which peaked on September 15, 2008 with the bankruptcy filing by Lehman Brothers– touched every corner of our world in unique and significant ways, including South Florida’s hospitality and tourism industry. Remarkably, studies are now revealing that the effect of Lehman’s collapse on South … Continue Reading

Miami Hotel Market: 2013 Outlook Promising

As a speaker at the Cornell Hotel Society South Florida Chapter’s “Fourth Annual South Florida Lodging Outlook” seminar at the Conrad hotel in Miami last week, I had the pleasure, along with Max Comess of HFF Hotel Group, of delivering the good news: The outlook for the 2013 Miami hotel market is promising. Market data based … Continue Reading
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