|8:00 AM - 9:00 AM||
Coffee, Breakfast & Networking
|9:00 AM - 9:15 AM||
|9:15 AM - 10:00 AM||
Developing and Designing Hotels for the Next Generation
Driving Revenue Beyond The Room
|10:00 AM - 10:45 AM||
How the Brand is Shaping the Hospitality Industry
The Art of Storytelling and Creating Memorable Experiences
|10:45 AM - 11:15 AM||
More Networking & Deal Making
Venue to be announced 1 month prior to the event
Want to know the future of the hospitality industry in South Florida? So do we. While we may not have a crystal ball that can tell us the future of this asset class, our all-star panelists can give us some intimate insight.
Miami is a top five U.S. hotel market with occupancy forecasted to remain above 77%, according to CBRE. Art Basel, Miami Music Week, boat shows, Swim Week and Miami Beach Polo are just a few of the many annual events that lure in visitors.
Miami currently has 51 hotel properties with a total of 7,919 rooms either in the final planning stages or under construction. 800 of those keys are part of the new Miami Beach Convention Center hotel, a 17-story project, which won final design approval in early July 2019.
Much of this lodging pipeline is in Greater Downtown Miami, thanks to a boom in residential development and major mixed-use projects like Miami Worldcenter, Brightline's MiamiCentral and Design District coming online. As the hospitality industry, particularly low-cost hotels, finds creative ways to compete with Airbnb, hotel-condo projects like Newgard Development's Natiivo have incorporated short term rental flexibility into their projects.
Other consumer trends have also influenced the hospitality space. Vacationers now rely heavily on user reviews and social media when choosing destinations, while business travelers still prefer large hotel chains that allow them to collect points and maintain a sense of familiarity. Younger generations are more spontaneous. Hotels have become adept at differentiating themselves through branding, rewards and storytelling.
While room revenues have been rising overall and observers believe the trend will continue, some say construction is outpacing tourism growth in parts of the city. Will this hurt profits? 16.5 million overnight visitors came to Miami last year, spending over $18 billion while here. This number is expected to grow in 2020.
Join us as we gather the top hoteliers as we deep dive into top hospitality trends, construction and design, major projects and how the big dogs stay competitive.
Questions? Suggestions? We want to know who and what you want to hear about. Please email Katya, our Southeast event producer, at email@example.com.