Miami Top In The Nation For Hotel Room Rate Growth In 2018
Thenextmiami.com | By TNM Staff
Hotel room rates in Miami grew faster than any other major city in the country from January through November 2018, according to new statistics by research firm STR and cited by the Greater Miami Convention and Visitors Bureau in Miami Today.
Through the first eleven months of 2018, room rates in Miami were $193.97, up 6 percent from the year before. No other major city in the U.S. matched those gains.
Revenue per available room was up 6.8 percent during the same period, ranking second fastest for growth in the U.S.
Miami ranked fifth nationally for room rate and revenue per available room during the 11 month period.