MIAMI—This week in Florida saw some interesting Art Basel-connected news, some significant musical chairs and new offices launching.
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)
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
