Beach-goers looking for a last summer fling on Miami South Beach could be facing some steep prices as we head into labor-day weekend. Of course whenever I start thinking about high prices on hotels I immediately try to come up with alternative places to stay. Inevitably my thoughts turn to how I can make use of my resorts access to save some money and still book a luxury suite.
Hotel Prices Jump in High Demand Weeks and on Long Weekends
Anyone who has ever tried to book a room in a hot vacation spot like Miami Beach during a holiday weekend knows what happens to room rates for that Friday and Saturday night: they go way up. What makes the situation even more unbearable is vacancies drop (and room selection with it), many times leaving only the premium suites available (for high 3-figure / low 4-figure per night pricing) – or worse – leaving only the nasty neighborhood 1-star motels available. When you have booked a room under duress during peak times like these you know how painful the result can be (either in your wallet or your back). A late-comer looking for a place on a holiday weekend has few options to choose from, but sometimes alternatives do present themselves if you know where to look.
Suite Rentals Economic Downturn Can Be Your Best Friend
One of the hardest hit areas of the economy post-financial crisis has been real-estate, and in particular vacation homes and timeshare properties. When you think about the number of home-owners who walked away from their principal residences due to financial difficulty you can then only imagine how many vacation-holders or timeshare owners did the same. 2009 may have been a bad year for real-estate, but for the timeshare industry it was nearly a total collapse, and parts of Florida were particularly hard hit. What then happened to all those units and why am I telling you this? Simple. Unused vacation units at major resorts and condominium associations (whether in Miami or anywhere else) frequently are now available for use if you have access to availability information. Many who held onto their resort weeks opt to rent them out rather than use them for money reasons. Given these suites are inevitably designed for luxury-seeking clients, they tend to be an incredible value for renters when they come available.
What Resorts Are Available in Places Like Miami South Beach?
As you might expect there are a number of high-quality resorts in Miami in or near the South Beach area. For starters there are the Westgate locations at Miami beach and South Beach. Westgate was particularly hard hit in the recession, with many owners relinquishing contracts in Florida as well as elsewhere. A quick search shows multiple weeks for rent at their South Beach property today for medium per night rates. While there can be no guarantee of availability on any given weekend this close to a holiday, it doesn’t hurt to find out which venues will rent rooms out to people who would otherwise be stuck in low-quality hotels or high-priced villas. Better still some of the better resorts keep a small amount of inventory available during peak season either for last-minute premium rentals, or for tours / visitations offered at a steep discount. A current example exists at the Golden Strand Ocean Villa Resort (a North Beach location), showing rates around half what you might expect for a similar sized suite in Miami South Beach.
It may still be possible to find a luxury resort accommodation in the Miami South Beach area, though availability can change daily close to major holidays. Timeshare owners also have an additional advantage in their ability to book available luxury suites for deep discounts year-round as part of exchange networks.
Enjoy your vacation!