Report Essay Example | Topics and Well Written Essays - 500 words - 8

Report - Essay Example (Reed, Andy) International corporations are reported to be interested in Miami as a suitable for conventions and conferences, but there is doubt here whether they could afford the rate of four figures. Since Miami is a favorite destination, people who will come to visit the proposed resort hotel are those who do not make a big deal about money. These are the billionaires, top world leaders and politician, celebrities and honeymooners. The place could also easily attract golfers who come from the row of billionaires. These golfers form regular tournaments and stay at the most luxurious hotel in the area. They shun onlookers and would prefer privacy and luxury. Forbes has listed the world’s billionaires, who came from many parts of the world. Surprisingly, these billionaires start counting their billions at age 39. Saad Hari 39 years old, is a Lebanon national. Others are of younger generation who undoubtedly are pleasure seekers. Florida has been the favorite of celebrities today and in the past. Top stars of the 50s who were visitors of Miami were Frank Sinatra, Sammy Davies, Jr., Dean Martin and Joey Bishop. Lucille Ball and Desni Arnaz stayed at a Miami Beach Hotel for a shot of their TV series. Elvis Presley had a room in Jacksonville Hotel. Today, some of the celebrities you see walking in the beach in Miami are Lindsay Lohan, Britney Spears, Jaime Foxx, Gloria Esteffan, Ricky Martin and many more. Demand for luxury hotels in Miami are increasing as hotel occupancy in 2011 was 55.7% in February 2011 and even reached 98.97%. Rise in demand was caused by increase in consumer travels and business growth. It is predicted by the PFK Hospitality Research that there will be high levels of occupancy in Miami hotels and that the hotel sector will be performing above average. Local hotel operators have confirmed the increase of international visitors and they believe this trend will