The Delano Miami: Miami Beach Hotel Rates
In what is one of the worst economic crises, the iconic Miami Beach hotel, The Delano Miami, has kept pretty steady rates. Miami Beach hotel rates went down a bit this summer, but The Delano Miami stayed clear of the Miami Beach hotel rates price war that has been going on in the rest of the city. The Delano Miami prices went down only a few percentage points and have tremendously impacted The Delano Miami’s occupancy rate which plummeted 20 points to 62%. The Delano’s occupancy rate drop was more drastic than in the rest of Miami Beach where it dropped only 10%.
Most other Miami Beach hotel rates and occupancy levels suffered a big drop. A revenue drop of 40% is the average for most Miami Beach hotels. Luxury Miami Beach hotels suffered the most with the loss of business travelers as well as traditional vacationers. One reason this market was hit so hard is because of the impact of newcomers such as the W and the Mondrian competing for the same clients. Thousands of new hotel rooms were added in Miami Beach in 2009. Vacationers looking to get a great deal while staying in Miami should look into The Fontainebleau, the Ritz Carlton or renting a Miami Beach holiday rental. Vacationers can find some great South Beach vacation rentals, holiday apartments or great South Beach vacation villas.
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