By staff writer

March 2019

Miami has long been touted as a “live, work, play” city. The growth of the city’s business ecosystem seen over the last 10 years has worked to further this reputation, with thousands of international and national investors and companies flocking to the city to both support and capitalize on its growth.

Given that Miami’s already strong tourism industry has seen even more growth in recent years, it should come as no surprise that a significant portion of those visiting the city (whether to work, play or both) do so for business-related purposes.

According to the Greater Miami Convention Center and Visitors Bureau, of the nearly 16 million people who visited Miami in 2017, 7 percent did so for business. With the bureau’s 2018 report due out in May, one can reasonably expect this number to be even higher.

The city’s hotels have, of course, taken note of this trend and followed suit. The hotels’ strategic locations, coupled with the array of amenities and event venues provided by each, all work to provide this balance.

An excellent example of this is the Hyatt Regency Miami. The hotel is located in downtown along the Miami River and is connected to the city’s James L. Knight Center, a noted venue for concerts and conventions. In addition to the hotel’s luxury accommodations and proximity to the port, airport and much of the city’s famous nightlife and dining venues, the hotel has unique offerings for business travelers.

For instance, the Hyatt brand offers a unique “Meetings on Demand” service that allows visitors to reserve spaces in the hotel for business, specifically conference rooms, meeting venues, boardrooms and co-working spaces. Visitors can also request deluxe accommodations, such as food and drink packages and customized room setups.

Furthermore, given that the hotel contains over 100,000 square feet of event and meeting space that is directly connected to the Knight Center’s convention center, its capability for hosting large events is almost limitless. This is key considering, on average, about half of the city’s business travelers come to Miami for conventions, specifically.

In 2018 alone, the Hyatt Regency hosted an array of events that reflected the city’s dynamic economy, such as the internationally-recognized World Stem Cell Summit, the 2018 U.S. Cannabis Conference & Expo and the Caribbean Hospitality Industry Exchange Forum. Events planned for 2019 include the return of the Stem Cell Summit, the Miami-Dade Chamber of Commerce Symposium and Business Luncheon, as well as the Miami Career Fair.

With the hotel industry as a whole facing a degree of uncertainty and competition due to the rise in popularity of short-term hospitality rental services such as AirBnb, unique capabilities and accommodations are crucial for attracting visitors.

Thanks to local hotels such as the Hyatt Regency, however, Miami’s hotels still remain the most popular choice by far for visitors. According to the GMCVB’s report, 66.5% of visitors to the city chose to stay in area hotels, with only 4.8% electing to rent a residence.

To learn more about the Hyatt Regency and its offerings for business travelers, visit the following:

https://meetingsondemand.hyatt.com/OnlineBooking/

https://www.hyatt.com/en-US/hotel/florida/hyatt-regency-miami/miarm