The mission in brief
The proprietary and boutique hotel sector in the Miami region is booming. This gives Québec companies a unique opportunity to seize the potential of a tourism industry experiencing phenomenal growth.
From May 16 to 19, 2017, the Chamber of Commerce of Metropolitan Montreal’s Acclr team of international trade experts invites you to take part in the sixth edition of its trade mission to Miami, enabling Québec companies to take advantage of the region’s full potential.
On the last missions, some ten companies benefited from a number of business meetings and networking activities with such well-known groups as Turner, Suffolk, AECOM, Heery International, and Sandals Resorts. These meetings allowed the companies to take advantage of multiple opportunities involving décor, renovation, construction materials, and equipment in the hotel sector, and to establish relationships with eventual partners.
Here’s a look at some of the tangible results of our last trade mission to Florida:
Participation in the mission includes:
- The organization of personalized business meetings targeted to meet your company’s needs
- Participation in networking activities and a group meal planned as part of the mission
- A preparatory meeting
- Support throughout your stay
The state of Florida is a veritable growth hub in the United States, most notably due to its main activity: tourism.
- In 2015, Florida’s GDP was close to $882 billion US, the 4th highest GDP in the United States, ranking the world’s 16th economic power, when comparing its GDP to those of countries around the world.
- That of the Miami region was close to $300 billion US, ranking it 12th among the fastest growing metropolitan regions in the United States.
- From an economic standpoint, Canada and Florida enjoy a special relationship. In 2015, this trade amounted to $8.1 billion US.
- The recent economic slowdown did not affect the growth of bilateral trade, a fact that has become even more evident against the background of economic recovery.
The hotel sector:
- The property development industry makes up the largest part of Florida’s GDP, and its growth rate is higher than the average for American states, with an estimated 112.8 million visitors in 2016, an increase of 5.9% compared to 2015.
- Hotel density in the Miami-Fort Lauderdale-Pompano Beach region is quite impressive—the highest in the nation. The industry is rapidly spreading into Broward, Miami-Dade, and Palm Beach counties.
- The hotel sector in Miami is made up of over 500 hotels representing about 50,000 rooms (there are over 412,000 rooms in the state of Florida as a whole). Also of note is the number of hotels under construction.
- In 2014, the Miami hotel occupancy rate showed growth of 9.4% compared to 2008, and an increase of 1.3% compared to 2013.
- The city is ranked as one of the best destinations on the hotel market in the United States in terms of revenue per hotel room and occupancy rate (71.6%).
- Visitor spending also continues to grow from year to year: in 2015, it amounted to $89.1 billion US (versus $82 billion US in 2014 and $76 billion US in 2013). Miami is one of the best luxury-class hotel destinations in the United States.
- Florida tourism industry officials state that hotels are jam-packed, and 2017 is expected to be a most prosperous year. South American and European airlines have also decided to increase their number of flights to Florida. It’s a simple formula: the number of tourists increases from year to year, thereby stimulating hotel construction to meet demand.
- Florida is also working to position itself as a destination of choice for conventions and exhibitions in the United States. The state is therefore determined to upgrade its standards through the construction and renovation of hotels in order to stimulate the industry and attain a leadership position.
Who should take part?
Businesses and suppliers in the fields of:
- construction material for renovation
- design services
- renovation services
- architectural services
- indoor and outdoor furniture
- light fixtures
Take advantage of the growth of Florida’s hotel sector and come meet buyers on their own turf.