BY THE NUMBERS
Demand for rooms during Art Basel week resulted in measurable rate increases, which at maximum spiked north of $296 across the Miami area, up by 79% when compared to the prior week. The 2017 Art Basel week show Miami's hotels with significant performance gains, with average Revenue per Available Room (RevPar) for the five-day duration of the Art Basel up 15% year-over-year. (Source: STR)
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