Miami is becoming a global destination for millennials, with some of the most sought-after hotel vacancies in the world.
While many millennials seek out their dream vacation spots, the luxury hotel sector has seen its share of downturns.
And while it may be easier to book hotel rooms in Miami than elsewhere, it’s still a risky proposition.
The top ten cities for hotel vacanciesThe top 10 cities for new hotel vacanciesA new study by Travel and Leisure Research (TLR) finds that Miami is the third most popular place to find a new holiday hotel.
TLR’s findings were based on data from data provider TripAdvisor, which was published on Monday.
TLB surveyed more than 1,400 travelers and found that Miami was number one in the top 10 countries for new holiday room vacancies.
It was followed by Paris (13th), Barcelona (15th), London (18th), New York (20th), and Tokyo (24th).
The survey also found that millennials were most likely to book their vacation at a hotel in the United States.
TLRs research also found a correlation between the availability of vacation accommodation and millennials’ choice of hotel accommodation.
For millennials, the most popular holiday destination was New York, with the average price per night for a night in the city rising from $4,857 to $6,895.
In contrast, Miami was ranked No. 4.
New York also had the second-highest average price for a hotel room in the US.
TLRB found that many millennials had booked hotel rooms before and after their holidays.
TLRN also found some of their favorite hotels were in Miami.
TLRC said the city was “a popular destination for young adults and singles looking to spend the weekend with their family.”
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