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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, ...

Sunview Companies and HES Group Open the Aloft Miami-Brickell in Florida

Aloft Hotels | August 2, 2013

STAMFORD, Conn. - August 2, 2013 - Starwood Hotels & Resorts Worldwide, Inc.® (NYSE:HOT) today announced that its rapidly expanding Aloft brand has debuted in the heart of downtown Miami with the opening of Aloft Miami-Brickell. Owned and managed by a joint venture between Sunview Companies and HES Group, Aloft Miami-Brickell caters to the next generation of travelers with 160 spacious, loft-like rooms, latest technology and a buzzing, social atmosphere. It is the second Aloft hotel to open in the Miami metropolitan area following the opening of Aloft Miami Doral in March. "With its leading-edge design and social vibe, the Aloft br...

Euro Building Hotel Group Debuts in the U.S. with the Opening of 133-room EB Hotel Miami in Florida

EB Hotel Miami | July 22, 2013

Miami, FL - (July 21, 2013) - A uniquely appointed luxury hotel geared specifically for the frequent business traveler, the 133-room EB Hotel Miami opened its doors this summer, welcoming business travelers who fly through Miami every day. Just a few steps from Miami International Airport, the new EB Hotel Miami aims to bring a modern luxury hotel experience to the business traveler. Featuring cutting-edge design, personalized service, world class dining, modern conveniences and contemporary amenities, the EB Hotel Miami is the first property to open in the US market. Part of the Eurobuilding Hotel Group, which owns and operates several...

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