Miami-Dade Hospitality Market Report

Economic tailwinds support broad growth. Hotel demand in Miami-Dade is projected to rise 4.6 percent in 2026, rebounding from last year’s decline as recurring events like the Miami Open and Calle Ocho Music Festival anchor baseline fundamentals, while new events like the FIFA World Cup provide material upside. Despite last year’s drop in passenger volumes at Miami International Airport, several factors could support incremental growth in 2026. A potentially weaker U.S. dollar and expanding international air connectivity at MIA are poised to lift foreign travel, alongside significant World Cup-related traffic. Domestically, business travel may benefit from strong convention booking momentum, an active 2026 meetings calendar, and Miami’s high return-to-office levels. Leisure demand is expected to remain resilient, supported by the metro’s positioning as a luxury destination and its role as a global gateway.