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Miami-Dade Hotels: What recession? November Hotel Taxes Up 47%

By Douglas Hanks, The Miami HeraldMcClatchy-Tribune Regional News

Jan. 11, 2012--The already strong hotel rebound picked up steam this fall.

Miami-Dade just released its November hotel tax report, and it includes some startling numbers. The countywide hotel tax is up 35 percent, while hotel taxes charged mostly on the Miami-Dade mainland are up 47 percent.

This may be a fluke of timing or big events, and we'll see if a big chunk of those gains are given back in December. But there's no mistaking that the hotel industry as a whole has left the recession well behind in Miami-Dade.

What's behind the trend lines?

In Miami-Dade, room rates and occupancy levels both climbed about 7 percent 2011, even as room inventory crept higher by about 1 percent, according to Smith Travel data.

Room rates haven't kept up with inflation in Broward, posting a less than 2 percent gain over 2010. That helps explain why Broward's market still hasn't reached previous peaks in hotel-tax collections.

The Miami Herald's Economic Time Machine tracks 60 local indicators to measure South Florida's recovery from the Great Recession. Visit for analysis of the latest economic news.


(c)2012 The Miami Herald

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