MIAMI
The market’s already strong hotel rebound picked up steam this fall. Miami-Dade just released its November hotel tax report, and it includes some startling numbers. The countywide hotel tax is up 35 percent, while hotel taxes charged mostly on the Miami-Dade mainland are up 47 percent.
This may be a fluke of timing or big events, and the jury is still out on whether those gains came back in December. But there’s no mistaking that the hotel industry as a whole has left the recession well behind in Miami-Dade.
In Miami-Dade, room rates and occupancy levels both climbed about seven percent in 2011, even as room inventory crept higher by about one percent, according to Smith Travel data.
Room rates haven’t kept up with inflation in Broward, posting a less than 2 percent gain over 2010.
Courtesy of the Miami Herald
