August hotel occupancy, room rates rose across South Florida

August hotel occupancy, room rates rose across South Florida

August occupancy rates and daily room rates rose from last year’s levels throughout tri-county South Florida, according to hotel research firm STR.
The hotel occupancy rate in Miami-Dade County rose to 75.4 percent last month from 73.7 percent in August 2016, and the average daily room rate increased to $145.01 from $143.64.
Hotel occupancy in Broward rose to 74.9 percent in August from 72.9 percent in the same month last year, while the average daily room rate edged up to $108.59 from $106.17.
In Palm Beach County, the August occupancy rate rose slightly to 63.4 percent from 62.9 percent last year, and the average daily room rate was almost unchanged at $115.80, nine cents higher than in August 2016.
August results were unaffected by Hurricane Irma, which led many hotels to evacuate guests before Irma made landfall as a Category 4 hurricane in the Florida Keys on Sept. 10.