What’s Happening: December 8, 2014

RECORD TOURIST-RELATED TAX COLLECTIONS
Miami-Dade County reports record October 2014 collections for the 2% Hotel Food and Beverage Tax collected from hotels in Miami-Dade (excluding Miami Beach, Bal Harbour and Surfside), which increased 14.7% compared to the same time in 2013. The 3% Convention Development Tax (CDT) was also a record, increasing 6.5% compared to the same time in 2013. The 2% Tourist Development Tax (TDT) collections were also a record for Greater Miami (excluding Miami Beach, Bal Harbour and Surfside), increasing 5.9% compared to the same time in 2013.

Record Miami-Dade County Tax Collections

2% Hotel Food & Beverage Tax

October 2014

October 2013

% Change vs. 2013

$567,150

$494,287

+14.7%

3% Convention Development Tax

October 2014

October 2014

% Change vs. 2013

$4,564,329

$4,284,048

+6.5%

2% Tourist Development Tax

October 2014

October 2013

% Change vs. 2013

$1,534,264

$1,448,636

+5.9%

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What’s Happening: December 1, 2014

RECORD DEMAND FOR TRAVEL TO GREATER MIAMI & THE BEACHES CONTINUES JANUARY – OCTOBER 2014 RANKING #4 IN REVENUE PER AVAILABLE ROOM (REVPAR), #4 IN AVERAGE DAILY ROOM RATE (ADR) AND #5 IN HOTEL ROOM OCCUPANCY AMONG THE TOP 25 U.S. MARKETS.

Record January – October 2014

Average Revenue Per Available Room (RevPAR)

Market

Rate

% Change vs. 2013

1New York

$220.39

    +2.9%

2. Oahu Island

$186.96

   +6.0%

3San Francisco

$179.97

    +12.9%

4. Miami

$142.38

    +7.0%

5. Boston

$139.14

    +10.7%

Average Daily Room Rate (ADR)

Market

Rate

% Change vs. 2013

1. New York

$258.87

+2.5%

2. Oahu Island

$219.62

  +5.4%

3. San Francisco

$210.56

  +11.3%

4. Miami

$181.51

  +5.3%

5. Boston

$178.89

   +7.4%

Average Occupancy

Market

% Occupancy

% Change vs. 2013

1. San Francisco

85.5%

 +1.4%

2. New York

85.1%

  +0.4%

3. Oahu Island

85.1%

  +0.5%

4. Los Angeles

80.6%

   +3.1%

5. Miami

78.4%

   +1.6%

 

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What’s Happening: November 24, 2014

RECORD TOURIST-RELATED TAX COLLECTIONS
Miami-Dade County reports record September 2014 collections for the 2% Tourist Development Tax collected from hotels in Miami-Dade (excluding Miami Beach, Bal Harbour and Surfside), which increased 6.6% compared to the same time in 2013. The 3% Convention Development Tax (CDT) was also a record, increasing 5.9% compared to the same time in 2013. The 2% Food & Beverage Tax  collections were also a record for Greater Miami (excluding Miami Beach, Bal Harbour and Surfside), increasing 3.2% compared to the same time in 2013.

Record Miami-Dade County Tax Collections

2% Tourist Development Tax

September 2014

September 2013

% Change vs. 2013

$1,375,599

$1,291,091

+6.6%

3% Convention Development Tax

September 2014

September 2014

% Change vs. 2013

$3,889,014

$3,673,598

+5.9%

2% Hotel Food & Beverage Tax

September 2014

September 2013

% Change vs. 2013

$462,480

$448,118

+3.2%

 

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

What’s happening: November 17, 2014

MIAMI BEACH TOURIST-RELATED TAX COLLECTIONS
The City of Miami Beach reports September 2014 collections for the 3% Resort Tax collected from hotels in Miami Beach increased 10.9% compared to the same month in 2013.  The 2% Food & Beverage Tax collections for Miami Beach hotels, restaurants and other facilities selling food and beverages increased 8.8% compared to September 2013.

Record Miami-Dade County Tax Collections

3% Resort Tax

September 2014

September 2013

% Change vs. 2013

$1,794,566

$1,618,614

+10.9%

2% Food & Beverage Tax

September 2014

September 2013

% Change vs. 2013

$1,697,210

$1,560,568

+8.8%

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

 

 

 

 

 

What’s Happening: November 10, 2014

RECORD TOURIST-RELATED TAX COLLECTIONS
Miami-Dade County reports record September 2014 collections for the 2% Tourist Development Tax collected from hotels in Miami-Dade (excluding Miami Beach, Bal Harbour and Surfside), which increased 6.6% compared to the same time in 2013. The 3% Convention Development Tax (CDT) was also a record, increasing 5.9% compared to the same time in 2013. The 2% Food & Beverage Tax  collections were also a record for Greater Miami (excluding Miami Beach, Bal Harbour and Surfside), increasing 3.2% compared to the same time in 2013.

Record Miami-Dade County Tax Collections

2% Tourist Development Tax

September 2014

September 2013

% Change vs. 2013

$1,375,599

$1,291,091

+6.6%

3% Convention Development Tax

September 2014

September 2014

% Change vs. 2013

$3,889,014

$3,673,598

+5.9%

2% Hotel Food & Beverage Tax

September 2014

September 2013

% Change vs. 2013

$462,480

$448,118

+3.2%

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

WHAT’S HAPPENING: November 3, 2014

TOP STORY – RECORD MIAMI INTERNATIONAL AIRPORT ARRIVALS FOR JANUARY – SEPTEMBER 2014
Total passenger arrivals at Miami International Airport (MIA) increased in the months of January – September  2014 by 1.0%.

Record MIA Passenger Arrivals

Total Arrivals

January – September 2014

January – September 2013

% Change
vs. 2013

15,496,807

15,535,369

+0.9%

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

WHAT’S HAPPENING: October 27, 2014

TOP STORY – RECORD HOTEL ACHIEVEMENTS JANUARY – SEPTEMBER 2014

RECORD DEMAND FOR TRAVEL TO GREATER MIAMI & THE BEACHES CONTINUES JANUARY – SEPTEMBER 2014 RANKING #4 IN REVENUE PER AVAILABLE ROOM (REVPAR), #4 IN AVERAGE DAILY ROOM RATE (ADR) AND #5 IN HOTEL ROOM OCCUPANCY AMONG THE TOP 25 U.S. MARKETS.
 

Record January – September 2014

Average Revenue Per Available Room (RevPAR)

Market

Rate

% Change vs. 2013

1. New York

$213.66

    +2.9%

2. Oahu Island

$187.47

   +5.3%

3. San Francisco

$175.69

    +13.1%

4. Miami

$145.10

    +6.8%

5. Boston

$130.30

    +12.4%

Average Daily Room Rate (ADR)

Market

Rate

% Change vs. 2013

1. New York

$252.53

+2.5%

2. Oahu Island

$220.08

  +5.3%

3. San Francisco

$206.53

  +11.2%

4. Miami

$183.73

  +5.1%

5. Boston

$175.53

   +8.2%

Average Occupancy

Market

% Occupancy

% Change vs. 2013

1. Oahu Island

85.2%

 +0.1%

2. San Francisco

85.1%

  +1.7%

3. New York

84.6%

  +0.4%

4. Los Angeles

80.7%

   +3.1%

5. Miami

79.0%

   +1.6%

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WHAT’S HAPPENING: October 20, 2014

HOSPITALITY JOBS, JOBS, JOBS…
RECORD ACCOMMODATIONS AND FOOD SERVICE JOBS IN GREATER MIAMI AND THE BEACHES REPORTED FOR SEPTEMBER 2014 MARKING 4 YEARS AND 9 MONTHS OF CONSECUTIVE JOB INCREASES
Greater Miami’s Accommodations and Food Service jobs increased +2.3% in September 2014 compared to the same period in 2013. This marks 4 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 2014

September 2013

% Change

113,500

111,000

+2.3%

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

WHAT’S HAPPENING: October 13, 2014

TOP STORY – RECORD MIAMI INTERNATIONAL AIRPORT ARRIVALS FOR JANUARY – AUGUST 2014
Total passenger arrivals at Miami International Airport (MIA) increased in the months of January – August  2014 by 1.0%.

Record MIA Passenger Arrivals

Total Arrivals

January – August 2014

January – August 2013

% Change vs. 2013

14,065,355

13,922,949

+1.0%

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

WHAT’S HAPPENING: October 6, 2014

TOP STORY – RECORD HOTEL ACHIEVEMENTS JANUARY – SEPTEMBER 2014

RECORD DEMAND FOR TRAVEL TO GREATER MIAMI & THE BEACHES CONTINUES JANUARY – SEPTEMBER 2014 RANKING #4 IN REVENUE PER AVAILABLE ROOM (REVPAR), #4 IN AVERAGE DAILY ROOM RATE (ADR) AND #5 IN HOTEL ROOM OCCUPANCY AMONG THE TOP 25 U.S. MARKETS.

Record January – September 2014

Average Revenue Per Available Room (RevPAR)

Market

Rate

% Change vs. 2013

1. New York

$213.66

    +2.9%

2. Oahu Island

$187.47

   +5.3%

3. San Francisco

$175.69

    +13.1%

4. Miami

$145.10

    +6.8%

5. Boston

$130.30

    +12.4%

Average Daily Room Rate (ADR)

Market

Rate

% Change vs. 2013

1. New York

$252.53

+2.5%

2. Oahu Island

$220.08

  +5.3%

3. San Francisco

$206.53

  +11.2%

4. Miami

$183.73

  +5.1%

5. Boston

$175.53

   +8.2%

Average Occupancy

Market

% Occupancy

% Change vs. 2013

1. Oahu Island

85.2%

 +0.1%

2. San Francisco

85.1%

  +1.7%

3. New York

84.6%

  +0.4%

4. Los Angeles

80.7%

   +3.1%

5. Miami

79.0%

   +1.6%

 

 

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