Room rates still rising in South Florida hotels

April 23, 2015 8:30 PM

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Hotel room rates throughout South Florida continued to soar in March even as occupancy dropped in some markets, according to data from travel research firm STR.

Miami-Dade hotels were 84.4 percent full last month, a drop of 1.7 percentage points compared to the same time in 2014. But average daily rates increased 7.4 percent to $255.55, sending the key measure of revenue per available room up more than 5 percent to $215.75.

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