Despite of hurricane Irma in late September 2017, Miami came out on top with a record-breaking 16 million visitors between late 2017 and mid-2018.
That same increase drove up the amount of overnight visitors, which made destination sites, hotels and shopping centers hit a record-breaking $26.5 billion in expenditures, which was an increase of more than two percent compared to the same time frame between 2016 and early 2017.
According to the Greater Miami Convention & Visitors Bureau, Greater Miami’s travel and tourism industry, hotel performance revenue per available room, grew by more than 10 percent over the same time period. Leisure business is at the top of that growth and that increase will expand with the completion of the Miami Beach Convention Center, which remained closed to conventions during the construction process.
After undergoing a $620-million renovation process, the center will once again host citywide conventions.
“With the addition of MBCC as a destination for business travelers and those visiting the show, Miami is poised to benefit from further economic growth generated by the meetings industry. Even professionals within the parking industry are seeing the impact of this type of growth and the need for dependable parking logistic solutions,” said Elite Parking Managing Partner Ruben Perez-Sanchez.
According to the conventions bureau, the convention center serves as an anchor for the Miami’s meetings and conventions industry.
The expanded MBCC includes a new 60,000 square-foot-grand-ballroom, 500,000 feet of exhibit space, 84 breakout rooms, and a new six-acre public park to serve as incremental event space.
“This type of tourism expansion will fuel more growth in hospitality jobs for the community, including the parking industry,” added Sanchez.