3. CULTURAL & TOURISM ENVIRONMENT
// VISITOR EXPENDITURE PER PERSON/PER DAY
$100
• Overall, visitor expenditures totaled $34.5 billion in 2013, 70.0
percent of which occurred in Miami. The visitor market in Miami is
vital to the economy, particularly where retail is concerned.
Per person per day retail related visitor expenditure
• In terms of retail-related expenditures, international visitors to Fort
$90
Lauderdale and Miami last year spent $1.2 billion and $9.4 billion,
respectively. That equates to nearly $1,400 per international visitor
in greater Miami. The influence of foreign travelers to Miami on retail
establishments cannot be overstated.
$80
$70
$60
• International visitors, the majority of which come from Latin America,
$50
are making day-to-day purchases while on vacation due to the lack
of availability and higher prices in their home countries. Their retailrelated spending in Miami alone has grown nearly eight percent
annually since 2009.
$40
$30
$20
• International shopper’s spending habits and taste for luxury
$10
$0
Miami
New York
Shopping
Oahu
Las Vegas
Orlando
Food and Beverage
• An international visitor in Miami will spend more than twice the
// VISITOR EXPENDITURE INTERNATIONAL VS. DOMESTIC
Domestic
merchandise are making Miami a hot spot for retailer expansions.
Those looking to capture their share of tourist spending are opening
two or more locations within the same vicinity. The impact is even
loftier on Greater Miami’s destination retail centers, such as the
Aventura Mall and Lincoln Road. Retail related visitor expenditures
currently support more than 37.0 million square feet of retail or
roughly 34.0 percent of all retail space in
Miami-Dade County.
International
amount per person, per day than they would in New York.
$25
Billions
$20
$15
$10
$5
$0
2009
2010
2011
2012
// 21
2013