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Tourism gets Miami back on its feet

15 Sep

In 2011, it appears that Miami became one of the top tourist destinations in the United States. Half of Miami’s visitors come from outside of the United States especially Latin America and Europe.

 This surge in tourism has had direct consequences on Miami economy. First, a sudden raise in business has helped the job growth in the region’s hospitality sector: 108,000 jobs in July 2011 compared to the 104,500 jobs in July 2010, that is to say, a growth of 3,4% in a year.

It also had an impact on the real estate market which got its boost. A lot of wealthy visitors decided to buy a second or third home in the area, while they were vacationing. They very often bought in the South Beach neighborhood.

The good news is that it has been forecasted that Miami’s hotel occupancy rates will raise 7% in the last quarter of this year.

So, a big “thank you” to all my tourist friends.

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4 Comments

Posted by on September 15, 2011 in News

 

Tags: , , ,

4 responses to “Tourism gets Miami back on its feet

  1. Real Estate Agent

    September 19, 2011 at 2:53 am

    Miami is such a good place for living or visiting.There must be more and more people prefer to choose their house in Miami.

     
  2. Real Estate Agent

    September 19, 2011 at 2:54 am

    Such a good place for living and visiting .There must be more and more people choosing Miami as their place to live.

     
  3. Sandy

    October 31, 2011 at 10:24 am

    Wait until resorts world miami opens up. I want to stay away. Too much traffic.

     
  4. lifeshield security miami

    April 7, 2012 at 9:07 am

    Miami has always been the favorite destination for many and it’s good to know that it topped the chart of top US tourism destinations.

     

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