Miami, FL - 2024 Q3

The Miami lodging market demonstrates resilience, ranking in the 91st percentile nationally. Employment has increased nearly 10% since 2022, boosting the hospitality sector. However, rising living costs and slowed job growth present challenges. The financial sector, vital to Miami, faces headwinds from interest rates. Luxury hotels perform well, while other classes show mixed results. Occupancy and revenue metrics vary across hotel types. The report analyzes trends from 1990 to 2024, including occupancy rates, average daily rates, and revenue per available room, offering a comprehensive view of Miami's lodging landscape. Click here to view a shortened preview of the report.