MIAMI—Miami-Dade, Broward and Palm Beach hotels are all celebrating record-breaking years in ADR, occupancy and RevPar. That strong demand growth in the hotel market has spurred more development, according to Kathy Conrow, managing director of HVS.

“Miami-Dade has a large infusion of rooms currently under construction,” Conrow tells GlobeSt.com. “More than 50% of the 2,791 rooms in construction belong to the Upscale quality tier which includes brands such as the Marriott Courtyard, Hilton Garden Inn, and Hyatt Place, all of which offer a different price point for visitors looking for something other than a luxury hotel experience.”

Not to be left out, Broward County's consistent strengthening in demand since 2013 has resulted in a noticeable decrease in year round seasonality. Conrow says both new hotel supply currently under construction and in final planning stages represent 8.8% of the existing inventory, with the majority of this supply increase in the Upscale and Upper Midscale quality tiers. She expects supply increases to be absorbed fairly quickly.