What’s Happening: May 18, 2015

TOP STORY – PORTMIAMI PASSENGERS HIT RECORD LEVELS
In the months of January – March 2015, passengers through PortMiami reached record levels with an increase of +3.2% 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 – March 2015

January – March 2014

% Change

1,604,283

1,554,385

+3.2%

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What’s Happening: May 11, 2015

TOP STORY: RECORD TOURIST-RELATED TAX COLLECTIONS
During the month of March 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 11.1% compared to the same time in 2014. The 3% Convention Development Tax (CDT) collections for Greater Miami (excluding Bal Harbour and Surfside) showed an increase of 9.5% compared to the same time in 2014, 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 9.4% compared to the same time in 2014.

Record Miami-Dade County Tax Collections

2% Tourist Development Tax

March 2015

March 2014

% Change vs. 2014

$3,178,800

$2,862,300

+11.1%

3% Convention Development Tax

March 2015

March 2014

% Change vs. 2014

$9,396,000

$8,579,000

+9.5%

2% Hotel Food & Beverage Tax

March 2015

March 2014

% Change vs. 2014

$794,300

$726,200

+9.4%

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What’s Happening: May 4, 2015

RECORD MIAMI INTERNATIONAL AIRPORT ARRIVALS FOR MARCH 2015
International passenger arrivals increased by 7.5% while domestic passenger arrivals for the month of March 2015 at Miami International Airport (MIA) increased by 5.5%. Total passenger arrivals at Miami International Airport (MIA) increased by 6.4% in the month of March 2015.

Record MIA Passenger Arrivals March 2015

International Arrivals

March 2015

March 2014

% Change vs. 2014

926,229

861,775

+7.5%

Domestic Arrivals

March 2015

March 2014

% Change vs. 2014

1,017,016

946,260

+5.5%

Total Arrivals

March 2015

March 2014

% Change vs. 2014

1,943,245

1,826,035

+6.4%

 

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What’s Happening: April 27, 2015

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

Record First Quarter 2015 – Miami #1

Revenue Per Available Room (RevPAR)

First Quarter 2015

First Quarter 2014

% Change vs. 2014

$212.78

$193.89

+9.7%

Average Daily Room Rate (ADR)

First Quarter 2015

First Quarter 2014

% Change vs. 2014

$250.61

$229.37

+9.3%

Average Daily Occupancy

First Quarter 2015

First Quarter 2014

% Change vs. 2014

84.9%

84.5%

+0.5%

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What’s Happening: April 20, 2015

HOSPITALITY JOBS, JOBS, JOBS…
RECORD ACCOMMODATIONS AND FOOD SERVICE JOBS IN GREATER MIAMI AND THE BEACHES REPORTED FOR MARCH 2015 MARKING 63 MONTHS OF CONSECUTIVE JOB INCREASES
Greater Miami’s Accommodations and Food Service jobs increased 3.9% in March 2015 compared to the same period in 2014. This marks 63 months of consecutive increased employment in Greater Miami’s Accommodations and Food Service Industry.

Record Greater Miami Accommodations and Food Service Jobs

March 2015

March 2014

% Change

121,500

116,900

+3.9%

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What’s Happening: April 13, 2015

RECORD MIAMI INTERNATIONAL AIRPORT ARRIVALS FOR FEBRUARY 2015
Domestic passenger arrivals for the month of February 2015 at Miami International Airport (MIA) increased 6.5% while international passenger arrivals increased by 5.7%. Total passenger arrivals at Miami International Airport (MIA) increased by 6.1% in the month of February 2015.

Record MIA Passenger Arrivals February 2015

Domestic Arrivals

February 2015

February 2014

% Change vs. 2014

889,119

834,808

+6.5%

International Arrivals

February 2015

February 2014

% Change vs. 2014

810,902

767,156

+5.7%

Total Arrivals

February 2015

February 2014

% Change vs. 2014

1,700,021

1,601,964

+6.1%

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What’s Happening: April 5, 2015

TOP STORY: RECORD TOURIST-RELATED TAX COLLECTIONS
During the month of February 2015, Miami-Dade County’s reported 3% Convention Development Tax (CDT) collections for Greater Miami (excluding Bal Harbour and Surfside) showed an increase 14.9% compared to the same time in 2014. This is the first time that the 3% CDT has reached and exceeded $9 million in our history. The 2% Tourist Development Tax (TDT) collections for Greater Miami (excluding Miami Beach, Bal Harbour and Surfside) showed an increase of 8.5% compared to the same time in 2015. The 2% Hotel Food and Beverage Tax collections from hotels in Miami-Dade (excluding Miami Beach, Bal Harbour and Surfside) showed an increase of 4.8% compared to the same time in 2014.

Record Miami-Dade County Tax Collections

3% Convention Development Tax

February 2015

February 2014

% Change vs. 2014

$9,106,883

$7,992,946

+14.9%

2% Tourist Development Tax

February 2015

February 2014

% Change vs. 2014

$2,989,433

$2,756,217

+8.5%

2% Hotel Food & Beverage Tax

February 2015

February 2014

% Change vs. 2014

$830,003

$791,924

+4.8%

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What’s Happening: March 30, 2015

HOSPITALITY JOBS, JOBS, JOBS…
RECORD ACCOMMODATIONS AND FOOD SERVICE JOBS IN GREATER MIAMI AND THE BEACHES REPORTED FOR JANUARY 2015 MARKING 61 MONTHS OF CONSECUTIVE JOB INCREASES
Greater Miami’s Accommodations and Food Service jobs increased 3.4% in January 2015 compared to the same period in 2014. This marks 61 months of consecutive increased employment in Greater Miami’s Accommodations and Food Service Industry.

Record Greater Miami Accommodations and Food Service Jobs

January 2015

January 2014

% Change

117,400

113,500

+3.4%

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What’s Happening: March 23, 2015

 Record February 2015 – Miami #1

Revenue Per Available Room (RevPAR)

February 2015

February 2014

% Change vs. 2014

$226.88

$200.95

+12.9%

Average Daily Room Rate (ADR)

February 2015

February 2014

% Change vs. 2014

$259.07

$232.59

+11.4%

Average Daily Occupancy

February 2015

February 2014

% Change vs. 2014

87.6%

86.4%

+1.4%

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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%

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