What’s Happening: March 16, 2015

RECORD TOURIST-RELATED TAX COLLECTIONS
In the month of January 2015, the City of Miami Beach reported collections for the 2% Food and Beverage Tax collections for the City of Miami Beach showed an increase of 19.3% compared to 2014. The 3% Room Tax increased 12.3% compared to the same time last year.

Record Miami Beach Tax Collections

2% Hotel Food & Beverage Tax

January 2015

January 2014

% Change vs. 2014

$2,896,128

$2,428,542

19.3%

3% Room Tax

January 2015

January 2014

% Change vs. 2014

$4,114,686

$3,663,725

+12.3%

To view the entire What’s Happening, click here.

What’s Happening: March 9, 2015

TOP STORY: RECORD TOURIST-RELATED TAX COLLECTIONS
During the month of January 2015, Miami-Dade County reported collections for the 2% Tourist Development Tax (TDT) collections for Greater Miami (excluding Miami Beach, Bal Harbour and Surfside) showed an increase of 10.1% compared to the same time in 2014. The 2% Hotel Food and Beverage Tax collections from hotels in Miami-Dade (excluding Miami Beach, Bal Harbour and Surfside) showed an increase of 10.0% compared to the same time in 2014. The 3% Convention Development Tax (CDT) increased 7.0% compared to the same time in 2014.

Record Miami-Dade County Tax Collections

2% Tourist Development Tax

January 2015

January 2014

% Change vs. 2014

$2,851,997

$2,589,215

+10.1%

2% Hotel Food & Beverage Tax

January 2015

January 2014

% Change vs. 2014

$800,505

$727,419

+10.0%

3% Convention Development Tax

January 2015

January 2014

% Change vs. 2014

$8,178,322

$7,639,730

+7.0%

To view the entire What’s Happening, click here.

What’s Happening: March 2, 2015

TOP STORY – RECORD 14.5 MILLION OVERNIGHT VISITORS TO GREATER MIAMI AND THE BEACHES IN 2014

Record-breaking Travel and Tourism Numbers for Destination Mark Five Consecutive Years of Top Industry Achievements
In 2014, Greater Miami and the Beaches ranked #4 in hotel room rate and revenue per available hotel room (RevPar), and #5 in occupancy among the Top 25 U.S. Hotel Markets. The destination achieved new records in 2014 for RevPar of $144.87, an increase of +7.0% over the previous year. Average daily room rate (ADR) reached a record $185.12, an increase of +5.8% over the previous year and hotel room occupancy climbed to a record 78.3%, a +1.2% increase over 2013. Additionally, Greater Miami and the Beaches’ Accommodations and Food Services Employment reached a record number of 115, 300 industry jobs, a +2.8 % increase over 2013 and 60 consecutive months of industry employment increases.
RECORD MIAMI INTERNATIONAL AIRPORT ARRIVALS FOR JANUARY 2015

Domestic passenger arrivals for the month of January 2015 at Miami International Airport (MIA) increased by 4.6% while international passenger arrivals increased by 2.5%. Total passenger arrivals at Miami International Airport (MIA) increased by 3.5% in the month of January 2015.

MIA Passenger Arrivals

Domestic Arrivals

January 2015

January 2014

% Change vs. 2014

919,091

878,444

+4.6%

International Arrivals

January 2015

January 2014

% Change vs. 2014

983,203

959,251

+2.5%

Total Arrivals

January 2015

January 2014

% Change vs. 2014

1,902,294

1,837,695

+3.5%

To view the entire What’s Happening, click here.

What’s Happening: February 23, 2015

TOP STORY – TOP 25 MARKETS: MIAMI #1
DEMAND FOR TRAVEL TO GREATER MIAMI & THE BEACHES HIT RECORD LEVELS FOR JANUARY 2015 RANKING #1 IN REVENUE PER AVAILABLE ROOM (REVPAR), IN AVERAGE DAILY ROOM RATE (ADR) AND IN HOTEL ROOM OCCUPANCY AMONG THE TOP 25 U.S. MARKETS.

Record January 2015

Revenue Per Available Room (RevPAR)

Market

Rate

% Change vs. 2013

1. Miami

$197.49

+11.5

2. Oahu Island

$181.08

-3.5%

3. San Francisco

$160.37

+20.3%

4. New York

$129.25

-12.9%

5. Phoenix

$112.07

+42.1%

Average Daily Room Rate (ADR)

Market

Rate

% Change vs. 2013

1. Miami

$238.17

+9.6%

2. Oahu Island

$223.10

+0.3%

3. San Francisco

$218.96

+16.9%

4. New York

$190.16

-8.6%

5. Phoenix

$159.17

+28.2%

Average Daily Occupancy

Market

% Occupancy

% Change vs. 2013

1. Miami

82.9%

+1.7%

2. Oahu Island

81.2%

-3.8%

3. Orlando

76.1%

+5.4%

4. San Francisco

73.2%

+2.9%

5. Los Angeles

71.6%

-2.7%

To view the entire What’s Happening, click here.

What’s Happening: February 16, 2015

TOP STORY – RECORD PORTMIAMI PASSENGERS IN 2014
In the months of January – December 2014, passengers through PortMiami reached record levels with an increase of +26.7% compared to the previous year. Sustained growth is due in part to the arrival of new, larger vessels and the variety of cruise options offered by PortMiami.

Record PortMiami Passengers

January – December 2014

January – December 2013

% Change

5,210,014

4,112,125

+26.7

To view the entire What’s Happening, click here.

What’s Happening: February 9, 2015

RECORD TAX COLLECTIONS
During the month of December 2014, Miami-Dade County reported record collections for the 2% Hotel Food and Beverage Tax collected from hotels in Miami-Dade (excluding Miami Beach, Bal Harbour and Surfside) showed an increase of 11.8% compared to the same time in 2013. The 2% Tourist Development Tax collections from hotels (TDT) for Greater Miami (excluding Miami Beach, Bal Harbour and Surfside) showed an increase of 8.9% compared to the same time in 2013.The 3% Convention Development Tax (CDT) collections from hotels in Miami-Dade (excluding Bal Harbour and Surfside) showed  an increase of 7.2% compared to the same time in 2013.

Record Miami-Dade County Tax Collections

2% Hotel Food & Beverage Tax

December 2014

December 2013

% Change vs. 2013

$699,623

$625,717

+11.8%

2% Tourist Development Tax

December 2014

December 2013

% Change vs. 2013

$2,332,684

$2,142,399

+8.9%

3% Convention Development Tax

December 2014

December 2013

% Change vs. 2013

$7,602,867

$7,092,124

+7.2%

To view the entire What’s Happening, click here.

What’s Happening: February 2, 2015

TOP STORY – TOP 25 MARKETS
DEMAND FOR TRAVEL TO GREATER MIAMI & THE BEACHES HIT RECORD LEVELS FOR DECEMBER 2014 RANKING #3 IN REVENUE PER AVAILABLE ROOM (REVPAR), #3 IN AVERAGE DAILY ROOM RATE (ADR) AND #3 IN HOTEL ROOM OCCUPANCY AMONG THE TOP 25 U.S. MARKETS

Record December 2014

Revenue Per Available Room (RevPAR)

Market

Rate

% Change vs. 2013

1. New York

$251.60

-0.4%

2. Oahu Island

$201.05

+10.3%

3. Miami

$180.45

+9.4%

4. San Francisco

$149.29

+29.1%

5. Anaheim

$95.84

+13.4%

Average Daily Room Rate (ADR)

Market

Rate

% Change vs. 2013

1. New York

$298.72

-1.7%

2. Oahu Island

$246.70

+7.4%

3. Miami

$230.89

+9.1%

4. San Francisco

$194.94

+21.5%

5. Boston

$142.50

+4.9%

Average Daily Occupancy

Market

% Occupancy

% Change vs. 2013

1. New York

84.2%

+1.3%

2. Oahu Island

81.5%

+2.6%

3. Miami

78.2%

+0.4%

4. San Francisco

76.6%

+6.2%

5. Orlando

74.4%

+4.9%

To view the entire What’s Happening, click here.

What’s Happening: January 25, 2015

HOSPITALITY JOBS, JOBS, JOBS…
RECORD ACCOMMODATIONS AND FOOD SERVICE JOBS IN GREATER MIAMI AND THE BEACHES REPORTED FOR DECEMBER 2014 MARKING 60 MONTHS (5 YEARS) OF CONSECUTIVE JOB INCREASES
Greater Miami’s Accommodations and Food Service jobs increased +3.1% in December 2014 compared to the same period in 2013. This marks 60 months (5 years) of consecutive increased employment in Greater Miami’s Accommodations and Food Service Industry.

Record Greater Miami Accommodations and Food Service Jobs

December 2014

December 2013

% Change

 116,500

 113,100

3.1%

To view the entire What’s Happening, click here.

What’s Happening: January 18, 2015

OP STORY – PORTMIAMI HITS RECORD LEVELS
In the months of January – November 2014, passengers through PortMiami reached record levels with an increase of +28.4% compared to the same time last year. Sustained growth is due in part to the arrival of new, larger vessels and the variety of cruise options offered by PortMiami.

Record PortMiami Passengers

January – November 2014

January – November 2013

% Change

4,690,630

3,652,952

+28.4

To view the entire What’s Happening, click here.

What’s Happening: January 12, 2015

TOURIST-RELATED TAX COLLECTIONS
During the month of November 2014, Miami-Dade County reported collections for the 3% Convention Development Tax (CDT) increased 16.4% compared to the same time in 2013. The 2% Tourist Development Tax (TDT) collections for Greater Miami (excluding Miami Beach, Bal Harbour and Surfside) showed an increase of 12.3% compared to 2013. The 2% Hotel Food and Beverage Tax collections from hotels in Miami-Dade (excluding Miami Beach, Bal Harbour and Surfside) showed an increase of 11.9% compared to the same time in 2013.

In the month of November 2014, the City of Miami Beach reported collections for the 2% Food and Beverage Tax collections for the City of Miami Beach showed an increase of 9.2% compared to 2013. The 3% Room Tax increased 6.1% compared to the same time last year.

Miami-Dade County Tax Collections

3% Convention Development Tax

November 2014

November 2013

% Change vs. 2013

$5,891,739

$5,061,775

+16.4%

2% Tourist Development Tax

November 2014

November 2013

% Change vs. 2013

$2,184,522

$1,945,375

+12.3%

2% Hotel Food & Beverage Tax

November 2014

November 2013

% Change vs. 2013

$680,259

$607,749

+11.9%

Miami Beach Tax Collections

2% Hotel Food & Beverage Tax

November 2014

November 2013

% Change vs. 2013

$2,157,620

$1,975,203

+9.2%

3% Room Tax

November 2014

November 2013

% Change vs. 2013

$2,526,780

$2,382,256

+6.1%

To view the entire What’s Happening, click here.