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.

What’s Happening: September 28, 2015

TOP STORY – TOP 25 MARKETS: JANUARY – AUGUST 2015
DEMAND FOR TRAVEL TO GREATER MIAMI & THE BEACHES DURING JANUARY – AUGUST 2015 REMAINED CONSTANT WITH #4 RECORD RANKING  IN AVERAGE DAILY ROOM RATE (ADR ), RECORD #4  IN REVENUE PER AVAILABLE ROOM (REVPAR) AND #6 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% AND DEMAND GREW 3.3% RESULTING IN A SLIGHT DECLINE IN OCCUPANCY.

 January – August 2015

Record Average Daily Room Rate (ADR)

January – August 2015

January – August 2014

% Change vs. 2014

$200.99

$188.43

+6.7%

Record Revenue Per Available Room (RevPAR)

January – August 2015

January – August 2014

% Change vs. 2014

$160.35

$150.62

+6.5%

Average Daily Occupancy

January – August 2015

January – August 2014

% Change vs. 2014

79.8%

79.9%

-0.2%

Monthly Rooms Supply

January – August 2015

January – August 2014

% Change vs. 2014

12,245,713

11,883,329

+3.5%

Monthly Rooms Sold

January – August 2015

January – August 2014

% Change vs. 2014

9,769,495

9,458,900

+3.3%

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

What’s Happening: September 21, 2015

HOSPITALITY JOBS, JOBS, JOBS…
RECORD ACCOMMODATIONS AND FOOD SERVICE JOBS IN GREATER MIAMI AND THE BEACHES REPORTED FOR AUGUST 2015 MARKING 5 YEARS AND 8 MONTHS OF CONSECUTIVE JOB INCREASES
Greater Miami’s Accommodations and Food Service jobs increased 5.4% in August 2015 compared to the same period in 2014. This marks 5 years and 8 months of consecutive increased employment in Greater Miami’s Accommodations and Food Service Industry.

Record Greater Miami Accommodations and Food Service Jobs

August 2015

August 2014

% Change

119,800

113,700

+5.4%

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

What’s Happening: September 14, 2015

TOP STORY – RECORD MIAMI INTERNATIONAL AIRPORT ARRIVALS JAN. – JULY 2015
During the months of Jan. – July 2015, Domestic passenger arrivals into Miami International Airport (MIA) increased by 8.2% compared to 2014. International passenger arrivals increased by 5.7% while total passenger arrivals increased 7.0% compared to the same time last year.

Record MIA Passenger Arrivals

Domestic Arrivals

Jan. – July 2015

Jan. – July 2014

% Change vs. 2014

6,767,342

6,252,481

+8.2%

International Arrivals

Jan. – July 2015

Jan. – July 2014

% Change vs. 2014

6,377,739

6,036, 217

+5.7%

Total Arrivals

Jan. – July 2015

Jan. – July 2014

% Change vs. 2014

13,145,081

12,288,698

+7.0%

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

What’s Happening: September 7, 2015

TOP STORY: RECORD TOURIST-RELATED TAX COLLECTIONS
During the month of July 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 18.4% 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 15.9% compared to the same time last year. The 2% Tourist Development Tax (TDT) for Greater Miami (excluding Miami Beach, Bal Harbour and Surfside) showed an increase of 14.5% compared to the same time in 2014.

Record July Miami-Dade County Tax Collections

2% Hotel Food & Beverage Tax

July 2015

July 2014

% Change vs. 2014

$531,650

$449,110

+18.4%

3% Convention Development Tax

July 2015

July 2014

% Change vs. 2014

$5,449,330

$4,703,235

+15.9%

2% Tourist Development Tax

July 2015

July 2014

% Change vs. 2014

$1,734,661

$1,515,098

+14.5%

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

What’s Happening: August 31, 2015

TOP STORY – TOP 25 MARKETS: JANUARY – JULY 2015
DEMAND FOR TRAVEL TO GREATER MIAMI & THE BEACHES DURING JANUARY – JULY 2015 REMAINED STRONG WITH #4 RECORD RANKING IN REVENUE PER AVAILABLE ROOM (REVPAR), RECORD #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. DURING THIS SAME TIME,  HOTEL ROOM INVENTORY GREW 3.3% AND DEMAND GREW 3.6% RESULTING IN A GROWTH IN OCCUPANCY.

 January – July 2015

Record Revenue Per Available Room (RevPAR)

January – July 2015

January – July 2014

% Change vs. 2014

$167.63

$155.88

+7.5%

Record Average Daily Room Rate (ADR)

January – July 2015

January – July 2014

% Change vs. 2014

$208.60

$194.63

+7.2%

Average Daily Occupancy

January – July 2015

January – July 2014

% Change vs. 2014

80.4%

80.1%

+0.4%

Monthly Room Demand

January – July 2015

January – July 2014

% Change vs. 2014

8,560,763

8,262,662

+3.6%

Monthly Room Supply

January – July 2015

January – July 2014

% Change vs. 2014

10,653,074

10,316,282

+3.3%

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

What’s Happening: August 24, 2015

HOSPITALITY JOBS, JOBS, JOBS…
RECORD ACCOMMODATIONS AND FOOD SERVICE JOBS IN GREATER MIAMI AND THE BEACHES REPORTED FOR JULY 2015 MARKING 5 YEARS AND 7 MONTHS OF CONSECUTIVE JOB INCREASES
Greater Miami’s Accommodations and Food Service jobs increased 5.0% in July 2015 compared to the same period in 2014. This marks 5 years and 7 months of consecutive increased employment in Greater Miami’s Accommodations and Food Service Industry.

Record Greater Miami Accommodations and Food Service Jobs

July 2015

July 2014

% Change

119,600

113,900

+5.0%

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