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Nicknamed “the Magic City,” Miami has maintained its position as a world-class destination despite the national economic challenges experienced since 2020. At the height of the pandemic, Miami’s favorable weather and relaxed restrictions attracted new residents and businesses from all corners of the country and the world. In the post-pandemic era, the greater Miami area remains a top U.S. market. In 2022, hotels in this market realized year-over-year growth in all metrics across each submarket. Furthermore, new hotel supply continues to be added, with numerous recently opened hotels and countless proposed developments.
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Fort Lauderdale, often regarded as the Venice of America, is the seat of Broward County and the center of economic activity in the area. The Intracoastal Waterway is lined with waterfront restaurants, scenic walkways, and marinas. Dubbed the “Yacht Capital of the World,” the city hosts the annual Fort Lauderdale International Boat Show, the world’s largest in-water boat show, which generated $1.3 billion in 2019. Despite the COVID-19 pandemic, the 2020 show continued as planned with necessary precautions in place.
[1] Fort Lauderdale remains a popular tourist and yachting destination in South Florida, which positions the market for a strong recovery as it continues to benefit from its year-round warm climate, increases in domestic travelers, and staycations. This will be especially evident as travelers opt to vacation domestically, whether to drive-to or short-flight destinations, in lieu of cruise and international travel.
Project Manager, Miami
Emeldina Paratusic is a Project Manager with the HVS Miami office. Prior to joining HVS in 2019, Emeldina worked as an account manager for Booking.com. Her other prior experience includes hotel management at a privately-owned boutique hotel in Fort Lauderdale, Florida, and an internship overseas in 2013. Originally from Chicago, Emeldina earned her bachelor’s degree from DePaul University and her MBA from Lynn University.