It isn’t news that Miami and The Beaches are some of the most popular tourist destinations on Earth. Almost from the very beginning of the city’s founding over a century ago, it was touted as the place to enjoy untold leisure and recreation.
That reputation for hospitality and comfort has endured well into the 21st century, according to the latest data from the Greater Miami Convention & Visitors Bureau. They found that Miami-Dade County, with 2.6 million residents, welcomed over 14.6 million visitors in 2014 – 400,000 more than in 2013, and an all-time high in the county’s history.
Moreover, the study estimated that these tourists injected into the local economy an incredible $23.8 billion, over a billion more than 2013. Needless to say, this brought considerable growth and opportunity to the region, benefiting a wide range of industries that have a market almost eight times bigger than the local one.
Unsurprisingly, Miami Beach took the lion’s share of visitors, accounting for almost half of overnight stays. This was followed by Downtown Miami (19.2 percent), the area around MIA (12.8 percent), and Sunny Isles Beach (8.8 percent).
International visitors made up half of all tourists, with Brazilians account for the most, followed by Canada, Colombia, Argentina, and Germany. Of domestic visitors, New Yorkers made up the greatest number at almost 2 million, followed by Chicago at just 500,000 – a testament of the region’s well-established popularity in the Big Apple.
Unsurprisingly, the overwhelming majority of visitors (75.9 percent) came for leisure purposes, with close to 90 percent saying they would definitely or be likely to return. Given these numbers, is it any surprise that the market for Miami Beach Waterfront Homes is booming like never before?
Why not own a piece of the city that millions from all over the world come to enjoy? Julian Johnston specializes in a wide assortment of Featured Miami Beach Properties, and has an unmatched record for real estate service.
Among his many noteworthy achievements is the recent sale of 1142 N. Venetian for $10.5 million, the sale of 191 N Hibiscus Dr. for $14.3 million and 2122 Bay Av. for $8.2 million, and the record-breaking 2012 sale of PH 1 at the Continuum in South Beach for $25 million, the most expensive condo sale in Florida history.