Downtown Fort Lauderdale is attracting a marked enhance in guests, registering 900,000 “out-of-town trips” in 2022, in line with the “DowntownFTL: A Market on the Rise” report performed by the Fort Lauderdale Downtown Development Authority (DDA) along side Colliers International, skilled providers and funding administration firm.
“Downtown Fort Lauderdale has seen massive visitor growth over the past five years, with a 162 percent increase in domestic out-of-town trips since 2018,” DDA mentioned.
“This trend is driven by several critical factors, including the addition of new hotels, which has tripled the area’s inventory in recent years.
“In addition, visitors can enjoy a range of high-quality dining options and cultural amenities, all within a convenient and easily walkable distance.”
Upward of two,100 rooms “are built or planned, which is five times the number available in 2018,” DDA mentioned, including that two out of each three rooms have been constructed since 2018.
In all, the downtown space presently homes s 10 inns comprising upward of 1,500 lodge rooms – with first-quarter occupancies of 86 p.c.
“Four new hotels are planned for Downtown Fort Lauderdale, including The Whitfield, which will be the first-5 star hotel downtown and add an ultra-luxurious experience to Las Olas Boulevard,” DDA mentioned. “Notably, 45 percent of all hotel rooms in Downtown Fort Lauderdale are in Flagler Village, downtown’s fastest-growing live-work-play neighborhood.”
In phrases demographics, the “New York City metro area, with 19 percent of all trips to Downtown Fort Lauderdale, was the top point of origin for out-of-town visitors in 2022, followed by Chicago and Detroit,” DDA mentioned.
“Cold weather climates such as New York City, Chicago, Detroit, Philadelphia, Boston, and Washington, DC, account for 40 percent of all trips to Downtown Fort Lauderdale.”
“Tourists spend more time in Downtown Fort Lauderdale than ever, with 36 percent of all visits extending between three and seven days, a nine-point increase from 2018,” DDA added.
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Source: www.travelpulse.com”