What’s Happening: December 7, 2015

TOP STORY: RECORD TOURIST-RELATED TAX COLLECTIONS
During the month of October 2015, Miami-Dade County’s reported collections for the 2% Tourist Development Tax (TDT) for Greater Miami (excluding Miami Beach, Bal Harbour and Surfside) showed an increase of 18.3% 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 15.1% 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 12.4% compared to the same time last year.

Record October Miami-Dade County Tax Collections

2% Tourist Development Tax

October 2015

October 2014

% Change vs. 2014

$1,815,296

$1,534,264

+18.3%

2% Hotel Food & Beverage Tax

October 2015

October 2014

% Change vs. 2014

$652,914

$567,150

+15.1%

3% Convention Development Tax

October 2015

October 2014

% Change vs. 2014

$5,131,174

$4,564,329

+12.4%

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

What’s Happening: November 30, 2015

TOP STORY – TOP 25 MARKETS: JANUARY – OCTOBER 2015
DEMAND FOR TRAVEL TO GREATER MIAMI & THE BEACHES DURING JANUARY – OCTOBER 2015 REMAINED STRONG WITH #4 RECORD RANKING  IN AVERAGE DAILY ROOM RATE (ADR ), RECORD #5  IN REVENUE PER AVAILABLE ROOM (REVPAR) AND #10 IN HOTEL ROOM OCCUPANCY AMONG THE TOP 25 U.S. MARKETS AS DEFINED BY SMITH TRAVEL RESEARCH. HOTEL ROOM INVENTORY GREW 3.7% AND DEMAND GREW 3.7%, INDICATING THE STRENGTH OF THE MIAMI BRAND TO ABSORB ALL OF THE INCREASED HOTEL ROOM INVENTORY DURING THIS TIME. 

 January – October 2015

Record Average Daily Room Rate (ADR)

January – October 2015

January – October 2014

% Change vs. 2014

$192.64

$180.93

+6.5%

Record Revenue Per Available Room (RevPAR)

January – October 2015

January – October 2014

% Change vs. 2014

$150.64

$141.48

+6.5%

Average Daily Occupancy

January – October 2015

January – October 2014

% Change vs. 2014

78.2%

78.2%

0.0%

Monthly Room Supply

January – October 2015

January – October 2014

% Change vs. 2014

15,385,028

14,835,830

+3.7%

Average Daily Rooms Sold

January – October 2015

January – October 2014

% Change vs. 2014

12,031,056

11,600,720

+3.7%

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

What’s Happening: November 23, 2015

RECORD HOSPITALITY JOBS, JOBS, JOBS…
RECORD ACCOMMODATIONS AND FOOD SERVICE JOBS IN GREATER MIAMI AND THE BEACHES REPORTED FOR SEPTEMBER 2015 MARKING 5 YEARS AND 10 MONTHS OF CONSECUTIVE JOB INCREASES
Greater Miami’s Accommodations and Food Service jobs increased 3.7% in October 2015 compared to the same period in 2014. This marks 5 years and 10 months of consecutive increased employment in Greater Miami’s Accommodations and Food Service Industry.

Record Greater Miami Accommodations and Food Service Jobs

October 2015

October 2014

% Change

120,000

115,700

+3.7%

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

What’s Happening: November 16, 2015

TOP STORY – PORTMIAMI PASSENGERS HIT RECORD LEVELS
During Fiscal Year 2014/15 (October 2014-September 2015), PortMiami reported record cruise passenger traffic, with an increase of 2.7% compared to the same time in 2013/14.

Record PortMiami Passengers

Total Cruise Passengers

Fiscal Year 2014/15

Fiscal Year 2013/14

% Change vs. 2014

4,900,000

4,770,000

+2.7%

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

What’s Happening: November 9, 2015

TOP STORY: RECORD TOURIST-RELATED TAX COLLECTIONS
During the month of September 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 15.7% compared to the same time in 2014, while the 3% Convention Development Tax (TDT) collections for Greater Miami (excluding Bal Harbour and Surfside) showed an increase of 13.6% compared to the same time last year. The 2% Tourist Development Tax (CDT) for Greater Miami (excluding Miami Beach, Bal Harbour and Surfside) showed an increase of 10.0% compared to the same time in 2014.

Record September Miami-Dade County Tax Collections

2% Hotel Food & Beverage Tax

September 2015

September 2014

% Change vs. 2014

$535,303

$462,480

+15.7%

3% Convention Development Tax

September 2015

September 2014

% Change vs. 2014

$4,416,587

$3,889,014

+13.6%

2% Tourist Development Tax

September 2015

September 2014

% Change vs. 2014

$1,513,792

$1,375,599

+10.0%

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

What’s Happening: November 2, 2015

TOP STORY – RECORD MIAMI INTERNATIONAL AIRPORT ARRIVALS JANUARY – SEPTEMBER 2015
During the months of January – September 2015, domestic passenger arrivals into Miami International Airport (MIA) increased by 10.2% compared to 2014. International passenger arrivals increased by 6.4% while total passenger arrivals increased 8.3% compared to the same time last year.

Record MIA Passenger Arrivals

Domestic Arrivals

Jan. – Sept. 2015

Jan. – Sept. 2014

% Change vs. 2014

8,595,076

7,799,590

+10.2%

International Arrivals

Jan. – Sept. 2015

Jan. – Sept. 2014

% Change vs. 2014

8,816,895

7,697,217

+6.4%

Total Arrivals

Jan. – Sept. 2015

Jan. – Sept. 2014

% Change vs. 2014

16,781,971

15,496,807

+8.3%

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

What’s Happening: October 26, 2015

TOP STORY – TOP 25 MARKETS: JANUARY – SEPTEMBER 2015
DEMAND FOR TRAVEL TO GREATER MIAMI & THE BEACHES DURING JANUARY – SEPTEMBER 2015 REMAINED HIGH WITH #4 RECORD RANKING  IN AVERAGE DAILY ROOM RATE (ADR ), RECORD #4  IN REVENUE PER AVAILABLE ROOM (REVPAR) AND #8 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 3.5% WHILE DEMAND GREW 3.5%. 

 January – September 2015

Record Average Daily Room Rate (ADR)

January – September 2015

January – September 2014

% Change vs. 2014

$195.14

$183.12

+6.6%

Record Revenue Per Available Room (RevPAR)

January – September 2015

January – September 2014

% Change vs. 2014

$153.58

$144.08

+6.6%

Average Daily Occupancy

January – September 2015

January – September 2014

% Change vs. 2014

78.7%

78.7%

0.0%

Monthly Room Supply

January – September 2015

January – September 2014

% Change vs. 2014

13,772,623

13,308,429

+3.5%

Average Daily Rooms Sold

January – September 2015

January – September 2014

% Change vs. 2014

10,839,431

10,470,989

+3.5%

What’s Happening: October 19, 2015

HOSPITALITY JOBS, JOBS, JOBS…
RECORD ACCOMMODATIONS AND FOOD SERVICE JOBS IN GREATER MIAMI AND THE BEACHES REPORTED FOR SEPTEMBER 2015 MARKING 5 YEARS AND 9 MONTHS OF CONSECUTIVE JOB INCREASES
Greater Miami’s Accommodations and Food Service jobs increased 4.7% in September 2015 compared to the same period in 2014. This marks 5 years and 9 months of consecutive increased employment in Greater Miami’s Accommodations and Food Service Industry.

Record Greater Miami Accommodations
and Food Service Jobs

September 2015

September 2014

% Change

120,000

114,600

+4.7%

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

What’s Happening: October 12, 2015

TOP STORY – RECORD MIAMI INTERNATIONAL AIRPORT (MIA) ARRIVALS JANUARY – AUGUST 2015
During the months of Jan. – August 2015, domestic passenger arrivals into Miami International Airport (MIA) increased by 9.1% compared to 2014. International passenger arrivals increased by 6.1% while total passenger arrivals increased 7.6% compared to the same time last year.

Record MIA Passenger Arrivals

DOMESTIC ARRIVALS

Jan. – Aug. 2015

Jan. – Aug. 2014

% Change vs. 2014

7,740,012

7,069,919

+9.1%

INTERNATIONAL ARRIVALS

Jan. – Aug. 2015

Jan. – Aug. 2014

% Change vs. 2014

7,394,753

6,969,434

+6.1%

TOTAL ARRIVALS

Jan. – Aug. 2015

Jan. – Aug. 2014

% Change vs. 2014

15,134,765

14,066,355

+7.6%

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

What’s Happening: October 5, 2015

TOP STORY: RECORD TOURIST-RELATED TAX COLLECTIONS
During the month of August 2015, Miami-Dade County’s reported collections for the 1% Hotel Food and Beverage Tax collections from hotels in Miami-Dade (excluding Miami Beach, Bal Harbour and Surfside) showed an increase of 5.3% compared to the same time in 2014, while the 2% Tourist Development Tax (TDT) collections for Greater Miami (excluding Bal Harbour and Surfside) showed an increase of 3.4% compared to the same time last year. The 3% Convention Development Tax (CDT) for Greater Miami (excluding Bal Harbour and Surfside) showed an increase of 3.3% compared to the same time in 2014.

Record August Miami-Dade County Tax Collections

1% Hotel Food & Beverage Tax

August 2015

August 2014

% Change vs. 2014

$1,880,237

$1,786,261

+5.3%

3% Convention Development Tax

August 2015

August 2014

% Change vs. 2014

$1,615,109

$1,562,482

+3.4%

2% Tourist Development Tax

August 2015

August 2014

% Change vs. 2014

$5,026,287

$4,866,068

+3.3%

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