Posted on Friday, 10.02.2009Miami Hotel Rates Continue to Drop - Great for Miami Tourists
According to a recent report by a travel research company, tourists took advantage of the lowest Miami hotel rates in at least three years. Miami hotel rates
in August dropped between 11% and 13% compared with a year ago.
In Broward, occupancy dropped 2 points to 58% and in Miami-Dade, 7 points to 63%. The average room rate in Broward fell 11% to $86 per night and to $111 per night in Miami-Dade, a 13% drop. Miami hotel rates
were the cheapest since 2006 and rates in Broward were the lowest since 2005.
The exception was the Florida Keys with occupancy up 6 points to 68%. Last August tropical storms Fay and Gustav threatened the islands. Hotel rates
in the Keys are down 12% to $141 a night which is the cheapest since August 2005.