January 22, 2021

2021 Economic Outlook

Southeast Florida's economic outlook for 2021

Regional business leaders talk about the outlook for the year ahead, plus demographics and statistics

Mike Vogel | 12/30/2020

Tourism | Stacy Ritter, President/CEO, Visit Lauderdale, Fort Lauderdale

“It’s going to take two more years to stabilize at 2019 levels. It’ll probably be 2022 for average daily rate and ’23 for occupancy. We’re down about 27,000 hospitality jobs.

We’ve got eight hotels opening in the first quarter. That’s an additional 1,000 hotel rooms.

Without the traditional Canadian snowbirds that stay at small lodgings for extended periods of time, small lodgings are going to struggle significantly.

We had about two- to three-day or same-day booking windows. Now we’re seeing booking windows of four to seven weeks. That’s a very positive sign of people making plans.

This story also features expert opinions, business briefs and people in the news: Mark Castlow; Dragonfly Boats; Maziar Keshavarz; Ray Berry; Health Business Solutions; Joshua Ladle; Emily Clifford; Legacy Park at Tradition; Amrit Ocean Resort & Residences; Alina Residences; Solemar; Sam Robbin; Juliet Roulhac; Bautech; Ocwen Financial; Boca Raton Country Club; Sabastian Ahmed; Accel International Holdings

 

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Tags: Southeast, Economic Outlook, Feature

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