Miami news, Miami local news

March is the peak of tourism in Miami. Tourism officials hoped that this year’s seemingly busy travel peak season would end the continuous decline of Miami’s largest industry. Unfortunately, vacationers that traveled at all are demanding lower rates for Miami Beach hotels. Room rates for hotels in Miami Beach are down by double digits.

A report from Smith Travel Research shows that March as been a miserable month for Miami Beach hotels at a rate decrease of 18 to 22 percent from last year. A new report predicts that this year will be the end of this decline in tourism and that hotels in Miami Beach room rates will grow 7 percent in 2010.

According to the Jones Lang LaSalle report, Miami Beach hotels rates in 2012 will surpass last year’s levels. Some should consider purchasing hotels in Miami Beach as they are probably at their most affordable right now. Make sure to make your purchase before the revenue levels rise again as the price to invest in a hotel will rise, too.

Miami Beach tourism is still suffering even through the high season. Miami Beach hotel revenues and occupancy numbers are decreasing even more quickly than they did after September 11th. Miami Beach tourism suffered a great deal after September 11th due to people’s reluctance to fly. Miami’s Guide will guide you in the right direction and help you find everything you need for the perfect trip.

Revenue for Miami Beach hotels in February 2009 was low and occupancy rates dropped between 10 to 73%. Miami Beach hotel room prices declined an average of 15% to $180 per night. Aside from the global decline, Miami Beach tourism is also suffering because of the increased hotel room supply. There are 10% more Miami Beach hotel rooms this year than last year. Despite the decrease in numbers, Miami Beach tourism gets along well compared to other US top tourist destinations. Vacationers in Miami Beach take advantage of incredible deals on accommodations and usually prefer to stay in Miami Beach vacation rental properties. Miami Beach hotels averages per room are the highest in the country. Use Miami’s Guide to make educated decisions and save while traveling.