Home | May 18, 2024
Posted on Friday, 03.27.2009

Miami Beach hotels falling revenues, hotels in Miami Beach

Vacation rentals in Miami Beach continue to suffer from the current crisis during their prime season. Miami Beach hotels falling revenues and occupancy numbers are decreasing more quickly than they did during the September 11th aftermath. Hotels in Miami Beach suffered heavily after September 11th because potential vacationers were reluctant to fly.

February 2009 revenues for hotels in Miami Beach were bleak with occupancy rates dropping 10 to 73% and prices of the rooms declining an average of 15% to $ 180 per night.  Hotels in Miami Beach are suffering from the global decline in tourism combined with an increase in hotel room supply. Hotels in Miami Beach offer 10% more rooms this year compared to last year. Miami Beach fares well compared to other US top tourist destinations. The Miami Beach hotels falling revenues per average room, although falling, are still the highest in the country. Vacationers in Miami Beach take advantage of incredible deals and significant discounts on hotel rooms and great deals on Miami Beach vacation rental properties.

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