miami
Short-Term Rentals Record Higher Occupancy in May
STR | June 21, 2021
HENDERSONVILLE, Tennessee — June 21, 2021 — Short-term rentals in Miami, Nashville and Philadelphia recorded month-to-month increases in occupancy, according to May 2021 data from STR. The occupancy levels continued to be higher than those reported by hotels in each market. Building on STR’s world-leading hotel performance database, Miami, Nashville and Philadelphia are the first three U.S. markets where the company has expanded its benchmarking offerings via a pilot study. Included in STR’s short-term rental sample are both multifamily and single-family short-term rentals. May 2021 short-term rental performance, perce...
Miami: A Global City
Shiv Ariyakula | December 28, 2016
By Shiv Ariyakula, CFA The terms "global city," "world city," "top-tier city," and "alpha city" have been used to describe a metropolitan center that acts as a key node in the global economic system. Global cities are well known to travelers worldwide, with notable urban designs and cultural attractions, major commercial centers, and diverse economic underpinnings generating interest, investment, visitation, and acclaim. Miami has long been a city of great fame, and in the past decade, the diversity of Miami's industries and economy has made it a veritable alpha city, as well. Miami ranked 30th in the 2016 Global Cities Index (GCI) surv...
Miami Suddenly Has a Glut of Plush Hotel Suites
May 9, 2016
by Hui-Yong Yu Rates decline during what is typically busiest season Mild U.S. winter also limits demand from the Northeast Hotels in sun-drenched Miami are getting burned by a pullback in Brazilian travel and a building boom that has added thousands of rooms to the market. Nightly room costs are dropping. Greater Miami's revenue per available room -- a key measure of rates and occupancies known as revpar -- has fallen each month this year, and in April was the worst of the top 25 U.S. markets, according to STR, a data provider for the lodging industry. Marriott International Inc., set to become the world's largest hotel operator, ...
