South Florida is suffering like the rest of the economy but fortunately, tourism in Miami still remained somewhat strong. Miami appeals to domestic travelers as well as international travelers because of its trendiness and its relative affordability. Miami tourism in 2008 was strong with a heavy influx of foreign travelers because the dollar was very weak for most of the year making holidays in Miami relatively cheap. Miami Beach is at the end of a large scale hotel renovation program adding thousands of rooms which started almost 8 years ago.A time when tourism in Miami starts to show signs of weakness is the worst time to finally have those rooms ready as this added inventory of rooms will not make things any easier.
On the up side, vacationers will win by attaining access to new Miami hotel rooms or new Miami vacation rental properties at a steep discount. After years of boosting room rates, Miami hotels began slowly discounting rooms last year. However, it seems that discounted room rates was not enough to keep the occupancy level high and it started to decline. Thanks to a weak dollar, Miami tourism in 2008 was saved.
The dollar is still weak but one thing has changed: troubles gaining ground around the world are creating a cloud over the 2009 tourism season. Shrewd vacationers will benefit and take advantage of great discounts and promotions. The ultimate way to stay within budget while traveling to Miami is to stay in Miami Beach vacation rentals, a Miami Beach vacation villa or a Miami Beach vacation condo. The prices are unbeatable!