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Posted on Wednesday, 08.26.2009

Luxury Hotels in Miami - New Hotels in Miami

The hospitality business has been suffering all over the world since September 2008. Miami Beach, which used to have one the highest occupancy rates in the country, is suffering as well.
For the past few years, hotels in Miami ranked second just behind New York hotels with an occupancy rate of about 86%.  Hotels in Miami have seen rates and occupancy plummet 20% on average. Drastic drops have been seen in all kinds of hotels in Miami Beach; from the most affordable, to the most luxury hotels in Miami.

Luxury hotels in Miami Beach suffered enormously with and increased supply of hotel rooms. Miami Beach was always known for having a limited supply of rooms in luxury hotels in Miami, and therefore, new hotels in Miami open; but in the past year, only a few new hotels in Miami opened their doors adding thousands of new luxury rooms in Miami Beach. Those new hotels in Miami include:

  • The Gansevoort, Miami Beach
  • The renovated Fontainebleau
  • The renovated Eden Roc
  • The Mondrian, Miami Beach
  • The W, Miami Beach

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