On May 8, Miami, Florida, hosted the inaugural Miami Grand Prix, the first race for the city under a 10-year contract with Formula One. The event, the fifth round of the 2022 Formula One World Championship, provided a strong lift for the average daily rate in Miami’s hotels, but the overall impact of the race didn’t match some other events held earlier in the year.
Miami Grand Prix Generates Highest Hotel Rates of the Year
Race Has Less Effect on Demand and Occupancy
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