What’s Happening: August 31, 2015

TOP STORY – TOP 25 MARKETS: JANUARY – JULY 2015
DEMAND FOR TRAVEL TO GREATER MIAMI & THE BEACHES DURING JANUARY – JULY 2015 REMAINED STRONG WITH #4 RECORD RANKING IN REVENUE PER AVAILABLE ROOM (REVPAR), RECORD #4 IN AVERAGE DAILY ROOM RATE (ADR) AND #6 IN HOTEL ROOM OCCUPANCY AMONG THE TOP 25 U.S. MARKETS AS DEFINED BY SMITH TRAVEL RESEARCH. DURING THIS SAME TIME,  HOTEL ROOM INVENTORY GREW 3.3% AND DEMAND GREW 3.6% RESULTING IN A GROWTH IN OCCUPANCY. 

 January – July 2015

Record Revenue Per Available Room (RevPAR)

January – July 2015

January – July 2014

% Change vs. 2014

$167.63

$155.88

+7.5%

Record Average Daily Room Rate (ADR)

January – July 2015

January – July 2014

% Change vs. 2014

$208.60

$194.63

+7.2%

Average Daily Occupancy

January – July 2015

January – July 2014

% Change vs. 2014

80.4%

80.1%

+0.4%

Monthly Room Demand

January – July 2015

January – July 2014

% Change vs. 2014

8,560,763

8,262,662

+3.6%

Monthly Room Supply

January – July 2015

January – July 2014

% Change vs. 2014

10,653,074

10,316,282

+3.3%

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What’s Happening: August 24, 2015

HOSPITALITY JOBS, JOBS, JOBS…
RECORD ACCOMMODATIONS AND FOOD SERVICE JOBS IN GREATER MIAMI AND THE BEACHES REPORTED FOR JULY 2015 MARKING 5 YEARS AND 7 MONTHS OF CONSECUTIVE JOB INCREASES
Greater Miami’s Accommodations and Food Service jobs increased 5.0% in July 2015 compared to the same period in 2014. This marks 5 years and 7 months of consecutive increased employment in Greater Miami’s Accommodations and Food Service Industry.

Record Greater Miami Accommodations and Food Service Jobs

July 2015

July 2014

% Change

119,600

113,900

+5.0%

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What’s Happening: August 17, 2015

TOP STORY – RECORD MIAMI INTERNATIONAL AIRPORT ARRIVALS JAN. – JUNE 2015
During the months of Jan. – June 2015, domestic passenger arrivals into Miami International Airport (MIA) increased by 7.2% compared to 2014. International passenger arrivals increased 5.1% compared to the same time last year, while total passenger arrivals increased by 6.2% compared to the same time in 2014.

Record MIA Passenger Arrivals

Domestic Arrivals

Jan. – June 2015

Jan. – June 2014

% Change vs. 2014

5,732,473

5,345,258

+7.2%

International Arrivals

Jan. – June 2015

Jan. – June 2014

% Change vs. 2014

5,318,786

5,062,490

+5.1%

Total Arrivals

Jan. – June 2015

Jan. – June 2014

% Change vs. 2014

11,051,259

10,407,748

+6.2%

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

What’s Happening: August 10, 2015

TOP STORY: RECORD TOURIST-RELATED TAX COLLECTIONS
During the month of June 2015, Miami-Dade County’s reported collections for the 2% Hotel Food and Beverage Tax collections from hotels in Miami-Dade (excluding Miami Beach, Bal Harbour and Surfside) showed an increase of 16.5% compared to the same time in 2014, while the 3% Convention Development Tax (CDT) collections for Greater Miami (excluding Bal Harbour and Surfside) showed an increase of 8.4% compared to the same time last year. The 2% Tourist Development Tax (TDT) for Greater Miami (excluding Miami Beach, Bal Harbour and Surfside) showed an increase of 5.6% compared to the same time in 2014.

Record June Miami-Dade County Tax Collections

2% Hotel Food & Beverage Tax

June 2015

June 2014

% Change vs. 2014

$554,176

$475,742

+16.5%

3% Convention Development Tax

June 2015

June 2014

% Change vs. 2014

$4,780,255

$4,409,782

+8.4%

2% Tourist Development Tax

June 2015

June 2014

% Change vs. 2014

$1,526,543

$1,498,013

+5.6%

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What’s Happening: July 27, 2015

TOP STORY: #1 – LEISURE AND HOSPITALITY INDUSTRY LEADS MIAMI-DADE’S JOB GROWTH RATE IN JUNE 2015 FOR THIRD CONSECUTIVE MONTH
Greater Miami and The Beaches’ Leisure and Hospitality Industry was #1 in the rate of new jobs created for Miami-Dade County in June 2015, marking the third consecutive month leading all industry sectors in percentage of job growth. Most industry sectors saw some job improvements in June with Leisure and Hospitality leading the way with an increase of +6,600 jobs, registering the highest percent increase at +5.1% over the previous year.
TOP 25 MARKETS: JANUARY – JUNE 2015
DEMAND FOR TRAVEL TO GREATER MIAMI & THE BEACHES DURING JANUARY – JUNE 2015 REMAINED STRONG WITH #2 RECORD RANKING IN REVENUE PER AVAILABLE ROOM (REVPAR), RECORD #4 IN AVERAGE DAILY ROOM RATE (ADR) AND #4 IN HOTEL ROOM OCCUPANCY AMONG THE TOP 25 U.S. MARKETS AS DEFINED BY SMITH TRAVEL RESEARCH.
 

 January – June 2015 – Miami #2

Record Average Daily Room Rate (ADR)

January – June 2015

January – June 2014

% Change vs. 2014

$217.62

$202.20

+7.6%

January – June 2015 – Miami #4

Record Revenue Per Available Room (RevPAR)

January – June 2015

January – June 2014

% Change vs. 2014

$175.80

$163.71

+7.4%

Average Daily Occupancy

January – June 2015

January – June 2014

% Change vs. 2014

80.8%

81.0%

-0.2%

GREATER MIAMI’S HOTEL INVENTORY CONTINUES TO GROW
 Hotel room inventory in Greater Miami and The Beaches continues to increase reaching a current high in June 2015 of 50,626 hotel rooms, up +3.6% compared to June  2014. Despite the growing number of hotel rooms being added to the destination’s inventory, hotel room occupancy in Greater Miami and the Beaches through June 2015 reached 80.8%, one of the highest in the nation. While occupancy for the first six months of 2015 is slightly down at -0.2%, Greater Miami’s hotel industry actually sold +3.0% more rooms than last year despite the increase of +3.2% in the number of rooms available for the same six month period year on year.

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August 3, 2015

TOP STORY – RECORD MIAMI INTERNATIONAL AIRPORT ARRIVALS JAN. – JUNE 2015
During the months of Jan. – June 2015, domestic passenger arrivals into Miami International Airport (MIA) increased by 7.2% compared to 2014. International passenger arrivals increased 5.1% compared to the same time last year, while total passenger arrivals increased by 6.2% compared to the same time in 2014.

Record MIA Passenger Arrivals

Domestic Arrivals

Jan. – June 2015

Jan. – June 2014

% Change vs. 2014

5,732,473

5,345,258

+7.2%

International Arrivals

Jan. – June 2015

Jan. – June 2014

% Change vs. 2014

5,138,786

5,062,490

+5.1%

Total Arrivals

Jan. – June 2015

Jan. – June 2014

% Change vs. 2014

11,051.259

10,407,748

+6.2%

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

What’s Happening: July 20, 2015

RECORD HOSPITALITY JOBS, JOBS, JOBS…
RECORD ACCOMMODATIONS AND FOOD SERVICE JOBS IN GREATER MIAMI AND THE BEACHES REPORTED FOR JUNE 2015 MARKING 5 YEARS AND 6 MONTHS OF CONSECUTIVE JOB INCREASES
Greater Miami’s Accommodations and Food Service jobs increased 4.4% in June 2015 compared to the same period in 2014. This marks 5 years and 6 months of consecutive increased employment in Greater Miami’s Accommodations and Food Service Industry.

Record Greater Miami Accommodations and Food Service Jobs

June 2015

June 2014

% Change

120,7000

115,600

+4.4%

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

What’s Happening: July 13, 2015

TOP STORY – RECORD MIAMI INTERNATIONAL AIRPORT ARRIVALS FOR JANUARY – MAY 2015
During the months of January – May 2015, domestic passenger arrivals into Miami International Airport (MIA) increased by 6.7% compared to 2014. International passenger arrivals increased by 4.7% while total passenger arrivals increased 5.7% compared to the same time last year.

Record MIA Passenger Arrivals

Domestic Arrivals

January – May 2015

January – May 2014

% Change vs. 2014

4,764,454

4,464,373

+6.7%

International Arrivals

January – May 2015

January – May 2014

% Change vs. 2014

4,446,428

4,247,259

+4.7%

Total Arrivals

January – May 2015

January – May 2014

% Change vs. 2014

9,210,882

8,711,632

+5.7%

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

What’s Happening: July 6, 2015

TOP STORY: RECORD TOURIST-RELATED TAX COLLECTIONS
During the month of May 2015, Miami-Dade County’s reported collections for the 3% Convention Development Tax (CDT) collections for Greater Miami (excluding Bal Harbour and Surfside) showed an increase of 3.4% compared to the same time in 2015. The 2% Tourist Development Tax (TDT) for Greater Miami (excluding Miami Beach, Bal Harbour and Surfside) also showed an increase of 3.4% compared to the same time in 2015, while the 2% Hotel Food and Beverage Tax collections from hotels in Miami-Dade (excluding Miami Beach, Bal Harbour and Surfside) showed an increase of 1.9% compared to the same time in 2015.

Record Miami-Dade County Tax Collections

3% Convention Development Tax

May 2015

May 2014

% Change vs. 2014

$5,942,588

$5,744,652

+3.4%

2% Tourist Development Tax

May 2015

May 2014

% Change vs. 2014

$1,992,655

$1,962,527

+3.4%

2% Hotel Food & Beverage Tax

May 2015

May 2014

% Change vs. 2014

$724,268

$710,855

+1.9%

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

What’s Happening: June 29, 2015

TOP STORY – TOP 25 MARKETS: JANUARY – MAY 2015
DEMAND FOR TRAVEL TO GREATER MIAMI & THE BEACHES DURING JANUARY – MAY 2015 REMAINED STRONG WITH RECORD #1 RANKING IN REVENUE PER AVAILABLE ROOM (REVPAR), RECORD #2 IN AVERAGE DAILY ROOM RATE (ADR) AND #2 IN HOTEL ROOM OCCUPANCY AMONG THE TOP 25 U.S. MARKETS AS DEFINED BY SMITH TRAVEL RESEARCH.

 January – May 2015 – Miami #1

Record Revenue Per Available Room (RevPAR)

January – May 2015

January – May 2014

% Change vs. 2014

$189.48

$175.71

+7.8%

January – May 2015 – Miami #2

Record Average Daily Room Rate (ADR)

January – May 2015

January – May 2014

% Change vs. 2014

$229.40

$212.38

+8.0%

Average Daily Occupancy

January – May 2015

January – May 2014

% Change vs. 2014

82.6%

82.7%

-0.2%

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