MIAMI—After setting records last year, the tourism sector in Greater Miami continued its strong performance in the first quarter with hotel occupancy increasing 4.3% as compared to the same period in 2017.
The Greater Miami Convention and Visitors Bureau reports the region saw $26 billion in expenditures by overnight visitors to Greater Miami in 2017, representing a 2.1% increase over the previous year.
The Greater Miami average hotel room rate rose by 11.8% and revenue per available hotel room (RevPar) shot up 16.6%, in the first quarter of this year compared to the first quarter of last year, according to statistic compiled by Smith Travel Research.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
