Downtown Fort Lauderdale is attracting a major enhance in guests, registering 900,000 “out-of-town journeys” in 2022, in response to the “DowntownFTL: Market on the Rise” report by the Fort Lauderdale Downtown Growth Authority (DDA) in partnership with skilled providers agency Colliers Worldwide and funding administration.
“Downtown Fort Lauderdale has seen super customer progress over the previous 5 years, with a 162 p.c enhance in home out-of-town journey since 2018,” the DDA mentioned.
“This pattern has been pushed by a number of key elements, together with the addition of recent resorts, which has tripled the realm’s stock lately.
“Moreover, guests can get pleasure from a spread of high-quality eating choices and cultural facilities, all inside handy and simply walkable distance.”
Greater than 2,100 rooms have been constructed or deliberate, 5 occasions the quantity obtainable in 2018, the DDA mentioned, including that two out of each three rooms have been constructed since 2018.
In all, there are at present 10 resorts within the metropolis middle comprising greater than 1,500 resort rooms – with an occupancy fee of 86 p.c within the first quarter.
“4 new resorts are deliberate for downtown Fort Lauderdale, together with The Whitfield, which would be the first 5-star downtown resort and add an ultra-luxury expertise to Las Olas Boulevard,” the DDA mentioned. “Notably, 45 p.c of all resort rooms in downtown Fort Lauderdale are positioned in Flagler Village, the quickest rising downtown neighborhood to stay, work and play.”
By way of demographics, “the New York metro space, with 19 p.c of all journeys to downtown Fort Lauderdale, was the highest departure level for out-of-town guests in 2022, adopted by Chicago and Detroit,” the DDA mentioned.
“Chilly climate climates equivalent to New York Metropolis, Chicago, Detroit, Philadelphia, Boston and Washington, DC account for 40 p.c of all journeys to downtown Fort Lauderdale.”
“Vacationers are spending extra time in downtown Fort Lauderdale than ever, with 36 p.c of all visits lasting three to seven days, a 9 p.c enhance over 2018,” the DDA added.
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