What’s Happening: January 4, 2016

TOP STORY – RECORD MIAMI INTERNATIONAL AIRPORT ARRIVALS JANUARY – NOVEMBER 2015
During the months of January – November 2015, domestic passenger arrivals into Miami International Airport (MIA) increased by 12.5% compared to 2014. International passenger arrivals increased by 6.9% while total passenger arrivals increased 9.7% compared to the same time last year.

Record MIA Passenger Arrivals

Domestic Arrivals

Jan. – Nov. 2015

Jan. – Nov. 2014

% Change vs. 2014

10,513,528

9,348,560

+12.5%

International Arrivals

Jan. – Nov. 2015

Jan. – Nov. 2014

% Change vs. 2014

9,899,269

9,264,289

+6.9%

Total Arrivals

Jan. – Nov. 2015

Jan. – Nov. 2014

% Change vs. 2014

20,412,797

18,612,849

+9.7%

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

What’s Happening: December 28, 2016

TOP STORY – TOP 25 MARKETS: JANUARY – NOVEMBER 2015
DEMAND FOR TRAVEL TO GREATER MIAMI & THE BEACHES DURING JANUARY – NOVEMBER 2015 REMAINED STRONG WITH #4 RECORD IN REVENUE PER AVAILABLE ROOM (REVPAR), #4 RECORD RANKING IN AVERAGE DAILY ROOM RATE (ADR) AND #7 IN HOTEL ROOM OCCUPANCY AMONG THE TOP 25 U.S. MARKETS AS DEFINED BY SMITH TRAVEL RESEARCH. DURING THIS SAME TIME PERIOD, HOTEL ROOM INVENTORY GREW 3.6% AND DEMAND GREW 3.9%. 

 January – November 2015

Record Revenue Per Available Room (RevPAR)

January – November 2015

January – November 2014

% Change vs. 2014

$149.79

$140.67

+6.5%

Record Average Daily Room Rate (ADR)

January – November 2015

January – November 2014

% Change vs. 2014

$191.54

$180.26

+6.3%

Average Daily Occupancy

January – November 2015

January – November 2014

% Change vs. 2014

78.2%

78.0%

+0.2%

Monthly Room Supply

January – November 2015

January – November 2014

% Change vs. 2014

16,928,891

16,334,240

+3.6%

Monthly Rooms Sold

January – November 2015

January – November 2014

% Change vs. 2014

13,238,271

12,746,506

+3.9%

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

What’s Happening: December 21, 2015

HOSPITALITY JOBS, JOBS, JOBS…
RECORD ACCOMMODATIONS AND FOOD SERVICE JOBS IN GREATER MIAMI AND THE BEACHES REPORTED FOR NOVEMBER 2015 MARKING 5 YEARS AND 11 MONTHS OF CONSECUTIVE JOB INCREASES
Greater Miami’s Accommodations and Food Service jobs increased 3.7% in November 2015 compared to the same period in 2014. This marks 5 years and 11 months of consecutive increased employment in Greater Miami’s Accommodations and Food Service Industry.

Record Greater Miami Accommodations and Food Service Jobs

November 2015

November 2014

% Change

121,500

117,200

+3.7%

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

What’s Happening: December 14, 2015

TOP STORY – RECORD MIAMI INTERNATIONAL AIRPORT ARRIVALS JANUARY – OCTOBER 2015
During the months of January – October 2015, domestic passenger arrivals into Miami International Airport (MIA) increased by 11.5% compared to 2014. International passenger arrivals increased by 6.6% while total passenger arrivals increased 9.1% compared to the same time last year.

Record MIA Passenger Arrivals

Domestic Arrivals

Jan. – Oct. 2015

Jan. – Oct. 2014

% Change vs. 2014

9,559,951

8,573,451

+11.5%

International Arrivals

Jan. – Oct. 2015

Jan. – Oct. 2014

% Change vs. 2014

9,031,560

8,470,291

+6.6%

Total Arrivals

Jan. – Oct. 2015

Jan. – Oct. 2014

% Change vs. 2014

18,591,511

17,043,742

+9.1%

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

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.