“Good, not great”: World Cup hype falls short for South Florida hospitality industry
South Florida’s hospitality industry expected the FIFA World Cup to score a major win for business, but for many operators, the tournament fell short of the anticipated economic windfall during the region’s slow season. Hotel executives and restaurant operators reported lower-than-expected business despite seven matches at Hard Rock Stadium in Miami Gardens between June 15 and July 18. Hotels benefited from higher room rates during marquee match days, helping boost revenue, despite occupancy declines and shorter guest stays. Restaurants, meanwhile, reported mixed results, with operators saying success depended on aggressive marketing, watch parties and appealing to local customers rather than […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts

HELP A DIABETIC CHILD RECEIVES COLLIER COMMUNITY FOUNDATION GRANT

Miami Heat co-owner’s firm buys shopping center from Edens for $33M

Gencom, White Bridge buy InterContinental hotel in downtown Miami for $300M

‘In Over Their Heads’: Red Flags Before the Sudden Collapse of ‘Perpetual Cruise’ That Left Residents Stranded

The Hidden Housing Cost Pushing Millions of Homeowners Over Budget

“Incompatible”: Miami Beach shoots down Live Local Act project with 38-story towers, citing zoning conflict

Silvio Tavares steps down as VantageScore CEO, Anthony Hutchinson named interim leader

EXCLUSIVE: Influencer Rachel Martino Reveals How To Bring Color Into Your Home—Even if You’re Renting

Coral Gables captures full block near city hall with medical office acquisition

Brooklyn Decker Put Her Interior Design Skills to the Test with Gut Renovation of Whimsical Charlotte Estate
GET MORE INFORMATION

Stevan Stanisic
Real Estate Advisor License ID: SL3518131
Real Estate Advisor License ID: SL3518131
