Miami-Dade County’s Hospitality Industry Recovering but Facing More Than $3 Billion in Losses This Year

Florida International University's Chaplin School of Hospitality & Tourism Management | October 22, 2020

MIAMI (Oct. 21, 2020) – Miami-Dade County hotel and restaurants – the two largest hospitality industries in South Florida – have taken a $3.36 billion dollar hit from COVID-19, according to a new study. The study released today by Florida International University's FIU Chaplin School of Hospitality & Tourism Management, in collaboration with the Greater Miami Convention and Visitor's Bureau (GMCVB), shows that from the time mandatory COVID-19-related business closures took effect in March until the end of August, the direct and indirect effects of the pandemic – including revenue loss, supply chain and business expenditures, op...