LTC 284-2005 November Travel & Tourism Hotel Occupancy
CITY OF MIAMI BEACH
Office of the City Manager
Letter to Commission No. 284-2005
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From:
Mayor David Dermer and
Members of the City Commission
City Manager's Executive Staff
Jorge M. Gonzalez \~Jf~
City Manager 0" -,f
November Travel & Tourism Hotel Occupancy
Date: November:21,cZ:005
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Subject:
NOVEMBER TRAVEL & TOURISM BOASTS STRONG PERFORMANCE IN
FIRST TWO WEEKS - At the mid-November point, the most recent Smith
Travel Research reports compiling the first two reporting weeks (October
30th through November 12th) show travel and tourism resilience and growth.
Hotel Occupancy (October 30 - November 12, 2005)
NATIONAL & STATE COMPARISON:
%
% Change
vs.2004
United States
65.0%
+ 6.3%
Florida
71.4%
+ 0.6%
Miami & Beaches
84.8%
+14.1%
The "Average Daily Room Rate" that our hotels are able to command based on
the popularity of the destination and the outstanding hotel and service product we
feature continues to be among the highest in the nation not only in terms of rate
but also in terms of growth.
Average Daily Hotel Room Rate (October 30 - November 12, 2005)
NATIONAL & STATE COMPARISON:
$
% Change
vs.2004
Florida
$ 93.52
$101.18
+ 6.5%
United States
+12.0%
Miami & Beaches
'132.90
+18.2%
As it relates to "communities" defined by Smith Travel:
Hotel Occupancy
COMMUNITIES:
%
% Change
vs.2004
Miami Beach/Bal Harbour
82.3%
+14.2%
Downtown
83.6%
+17.8%
Coconut Grove/Coral Gables/South Miami-
Dade
89.3%
+13.5%
Airport Area
88.2%
+11.2%
Average Daily Hotel Room Rate
COMMUNITIES:
$
% Change
vs.2004
Miami Beach/Bal Harbour
$163.86
$124.20
$112.17
+18.8%
Downtown
+12.8%
Coconut Grove/Coral Gables/South Miami-
Dade
+14.8%
Airport Area
$ 96.12
+ 24.5%
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