What’s Happening: March 14, 2016

MIAMI BEACH CONVENTION CENTER HEADQUARTER HOTEL
VOTE YES #60
GMCVB Board of Directors unanimously approved support of the March 15, 2016 City of Miami Beach Referendum Item #60 approving the city’s lease of city property for a convention headquarter hotel adjacent to the Miami Beach Convention Center on Monday, January 25, 2016. The proposed 100 percent privately funded 800-room headquarter hotel adjacent to the convention center is crucial to the success of the renovation of the Miami Beach Convention Center in attracting business and especially highly coveted citywide conventions. The GMCVB encourages voters on Miami Beach to VOTE ‘YES’ #60.

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What’s Happening: March 7, 2016

MIAMI BEACH CONVENTION CENTER HEADQUARTER HOTEL
VOTE YES #60
GMCVB Board of Directors unanimously approved support of the March 15, 2016 City of Miami Beach Referendum Item #60 approving the city’s lease of city property for a convention headquarter hotel adjacent to the Miami Beach Convention Center on Monday, January 25, 2016. The proposed 100 percent privately funded 800-room headquarter hotel adjacent to the convention center is crucial to the success of the renovation of the Miami Beach Convention Center in attracting business and especially highly coveted citywide conventions. The GMCVB encourages voters on Miami Beach to VOTE ‘YES’ #60.

Miami Herald Public Insight Network Convention Center Hotel Survey
The Miami Herald’s Public Insight Network is currently running a survey on the Convention Center Hotel. This is a wonderful opportunity for community and industry leaders to weigh in on the matter and share specific, individual thoughts on the issue. The Network provides a way for the Herald to gauge public sentiment on the issue. Please take a few moments to provide the Herald with your thoughts – and also consider sharing this survey with your networks of supportive friends, neighbors and associates. Click here to take the survey.

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What’s Happening: February 29, 2016

TOP STORY – RECORD MIAMI INTERNATIONAL AIRPORT ARRIVALS JANUARY 2016
During the month of January 2016, domestic passenger arrivals into Miami International Airport (MIA) increased by 6.7 percent compared to 2014. International passenger arrivals increased by 2.2 percent while total passenger arrivals increased 4.4 percent compared to the same time last year.

Record MIA Passenger Arrivals

Domestic Arrivals

January 2016

January 2015

% Change vs. 2015

980,713

919,091

+6.7%

International Arrivals

January 2016

January 2015

% Change vs. 2015

1,004,826

983,203

+2.2%

Total Arrivals

January 2016

January 2015

% Change vs. 2015

1,985,539

1,902,294

+4.4%

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What’s Happening: February 22, 2016

TOP STORY – TOP 25 MARKETS: JANUARY 2016
DEMAND FOR TRAVEL TO GREATER MIAMI & THE BEACHES DURING JANUARY 2016 REMAINED STRONG WITH #1 RANKING IN AVERAGE DAILY ROOM RATE (ADR), #1 RANKING IN REVENUE PER AVAILABLE ROOM (REVPAR), AND #2 IN HOTEL ROOM OCCUPANCY AMONG THE TOP 25 U.S. MARKETS AS DEFINED BY SMITH TRAVEL RESEARCH.HOTEL ROOM OCCUPANCY IN GREATER MIAMI AND THE BEACHES IN JANUARY 2016 REACHED 81.0%, ONE OF THE HIGHEST IN THE NATION. HOTEL ROOMS SOLD FOR THE FIRST MONTH OF 2016 WAS UP +1.2% FROM LAST YEAR, PARTIALLY ABSORBING THE +3.5% INCREASE IN HOTEL ROOM INVENTORY YEAR ON YEAR. 

 January 2016

Average Daily Room Rate (ADR) – Miami #1

January 2016

January 2015

% Change vs. 2015

$238.06

$237.68

+0.2%

Revenue Per Available Room (RevPar) – Miami #1

January 2016

January 2015

% Change vs. 2015

$192.84

$196.94

-2.1%

Average Daily Occupancy – Miami #2

January 2016

January 2015

% Change vs. 2015

81.0%

82.9%

-2.2%

Monthly Room Supply

January 2016

January 2015

% Change vs. 2015

51,866

50,095

+3.5%

Monthly Rooms Sold

January 2016

January 2015

% Change vs. 2015

1,302,405

 $1,286,782

+1.2%

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

What’s Happening: February 15, 2016

TOP STORY – RECORD MIAMI INTERNATIONAL AIRPORT ARRIVALS JANUARY – DECEMBER 2015
During the months of January – December 2015, domestic passenger arrivals into Miami International Airport (MIA) increased by 11.1% compared to 2014. International passenger arrivals increased by 6.4% while total passenger arrivals increased 8.8% compared to the same time last year.

Record MIA Passenger Arrivals

Domestic Arrivals

Jan. – Dec. 2015

Jan. – Dec. 2014

% Change vs. 2014

11,595,495

10,439,174

+11.1%

International Arrivals

Jan. – Oct. 2015

Jan. – Oct. 2014

% Change vs. 2014

10,902,372

10,247,696

+6.4%

Total Arrivals

Jan. – Dec. 2015

Jan. – Dec. 2014

% Change vs. 2014

22,497,867

20,686,870

+8.8%

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

What’s Happening: February 8, 2016

TOP STORY – TOP 25 MARKETS: JANUARY – DECEMBER 2015
DEMAND FOR TRAVEL TO GREATER MIAMI & THE BEACHES DURING JANUARY – DECEMBER 2015 WITH #4 RANKING IN REVENUE PER AVAILABLE ROOM (REVPAR), #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.

 January – December 2015

 Revenue Per Available Room (RevPar) – Miami #4

Jan. – Dec. 2015

Jan. – Dec. 2014

% Change vs. 2014

$152.83

$144.21

+6.0%

Average Daily Room Rate (ADR) – Miami #4

Jan. – Dec. 2015

Jan. – Dec. 2014

% Change vs. 2014

$195.75

$184.79

+5.9%

Average Daily Occupancy – Miami #6

Jan. – Dec. 2015

Jan. – Dec. 2014

% Change vs. 2014

78.1%

78.0%

+0.1%

Monthly Room Supply

Jan. – Dec. 2015

Jan. – Dec. 2014

% Change vs. 2014

 50,775

 48,999

+3.6%

Monthly Rooms Sold

Jan. – Dec. 2015

Jan. – Dec. 2014

% Change vs. 2014

14,470,258

13,957,205

+3.7%

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

What’s Happening: February 1, 2016

TOP STORY – TOP 25 MARKETS: DECEMBER 2015
DEMAND FOR TRAVEL TO GREATER MIAMI & THE BEACHES DURING DECEMBER 2015 REMAINED STRONG RANKING #3 IN AVERAGE DAILY ROOM RATE (ADR), #3 IN REVENUE PER AVAILABLE ROOM (REVPAR) AND #3 IN HOTEL ROOM OCCUPANCY AMONG THE TOP 25 U.S. MARKETS AS DEFINED BY SMITH TRAVEL RESEARCH.

 December 2015 – Miami #3

Average Daily Room Rate (ADR)

December 2015

December 2014

% Change vs. 2014

$240.77

$232.47

+3.6%

Revenue Per Available Room (RevPar)

December 2015

December 2014

% Change vs. 2014

$184.90

$181.51

+1.9%

Average Daily Occupancy

December 2015

December 2014

% Change vs. 2014

76.8%

78.1%

-1.6%

Monthly Room Supply

December 2015

December 2014

% Change vs. 2014

51,787

50,020

+3.5%

Monthly Rooms Sold

December 2015

December 2014

% Change vs. 2014

1,232,878

1,210,699

+1.8%

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

What’s Happening: January 25, 2016

HOSPITALITY JOBS, JOBS, JOBS...
RECORD ACCOMMODATIONS AND FOOD SERVICE JOBS IN GREATER MIAMI AND THE BEACHES REPORTED FOR DECEMBER 2015 MARKING 6 YEARS OF CONSECUTIVE MONTHLY JOB INCREASES
Greater Miami’s Accommodations and Food Service jobs increased 3.5% in December 2015 compared to the same period in 2014. This marks 6 years of consecutive increased monthly employment in Greater Miami’s Accommodations and Food Service Industry.

Record Greater Miami Accommodations and Food Service Jobs

December 2015

December 2014

% Change

122,400

118,300

+3.5

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

What’s Happening: January 18, 2016

GREATER MIAMI’S HOTEL ROOM INVENTORY
Hotel room inventory in Greater Miami and the Beaches continues to grow. Hotel room inventory increased 3.5% in November 2015 compared to the same period in 2014, generating new hospitality industry jobs and contributing to Leisure and Hospitality Employment leading all Miami-Dade County industry sectors for generating new jobs for the last four months through November 2015.

Hotel Room Inventory in Greater Miami

November 2015

November 2014

% Change vs. 2014

51,583

49,947

+3.5%

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

What’s Happening: January 11, 2016

TOP STORY: RECORD TOURIST-RELATED TAX COLLECTIONS
During the months of January – November 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 9.5% compared to the same time last year, while the 2% Tourist Development Tax (TDT) for Greater Miami (excluding Miami Beach, Bal Harbour and Surfside) showed an increase of 8.4% 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 8.1% compared to the same time last year.

Record January – November Miami-Dade County Tax Collections

3% Convention Development Tax

January – November 2015

January – November 2014

% Change vs. 2014

$70,984,011

$64,837,458

+9.5%

2% Tourist Development Tax

January – November 2015

January – November 2014

% Change vs. 2014

$23,788,345

$21,935,717

+8.4%

2% Hotel Food & Beverage Tax

January – November 2015

January – November 2014

% Change vs. 2014

$7,291,576

$6,747,254

+8.1%

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