Miami hotel revenue dropped by nearly a quarter in 2009 and a further drop is anticipated in 2010. However, one night seems set to buck that trend with Lady Gaga’s New Year’s Eve gig at the Fontainebleau reportedly the most popular spot in the US that night.
Tickets are changing hands for ludicrous prices. As much as 425 dollars for ordinary tickets and even 25,000 dollars for a table. In all, more than a million dollars have been made, but it will take more than this to help Miami hotels to more long-term profitability.