Florida: #1 Domestic Tourist Destination in 2023

Florida has always been a leading destination for sun-seeking travelers: Magnificent beaches, vibrant culture… In 2023, the Sunny State has consolidated its status as the leading national tourist destination with 129 million visitors. This remarkable achievement places Florida at the top of U.S. travel destinations, surpassing all other states.

The Numbers Speak for Themselves

Florida's tourism industry has shown resilience and strong adaptability. Florida has bounced back stronger than ever after the pandemic. The impressive number of visitors in 2023 underlines the attractiveness of Florida and the effectiveness of its tourism strategies. This influx of tourists is not just a testament to Florida's attractions. It helps boost its economy, creating jobs and supporting local businesses.

Why Florida?

1. Diverse Attractions

  • Beaches and Natural Beauty: From the shores of Miami Beach to the tranquil beauty of the Florida Keys, the state offers a myriad of coastal experiences. Nature enthusiasts can explore the Everglades, while adventurers can enjoy the springs and forests scattered throughout the state.
  • Theme Parks: Florida is home to world-famous theme parks. Walt Disney World, Universal Studios and Busch Gardens. These parks attract families and thrill-seekers from all over the country, providing unforgettable experiences.
  • Cultural and Historical Sites: Florida's rich history is revealed in places like St. Augustine, the oldest city in the United States. And also in cultural hubs like Miami, with its vibrant arts scene and multicultural festivals.

2. Ideal Climate

  • Florida's warm, sunny climate is a major draw for tourists. Particularly those from colder regions looking to escape harsh winters.

3. Accessibility

  • With numerous international airports and a well-developed transportation infrastructure, getting to and around Florida is convenient for travelers.

4. Events and Festivals

  • Florida hosts a huge range of events throughout the year, from the Miami Art Basel to the Daytona 500, there's always something exciting to do!

Economic impact

Tourism is a pillar of Florida's economy. The influx of 129 million visitors in 2023 has had a profound impact:

  • Job creation : The tourism industry supports a large number of jobs in hospitality, retail, transportation and entertainment.
  • Revenue Generation: Increased tourism contributes significantly to state and local revenue through taxes and spending on lodging, dining and attractions.
  • Boom Real Estate: The appeal of the Florida lifestyle also translates into a robust real estate market, with many tourists deciding to invest in vacation or permanent homes.

Florida's success as a #1 domestic tourism destination in 2023 is a testament to its diverse offerings and continued appeal. As the state continues to innovate and evolve, it is poised to remain a leading choice for travelers seeking a blend of adventure, relaxation and cultural enrichment.

Whether you're a first-time visitor or a seasoned traveler, Florida promises an unparalleled experience. So, pack your bags and find out why millions of people have chosen the Sunshine State as their ultimate vacation destination.

Miami Grand Prix: New jewels in car racing

In just a few days, the streets of Miami will vibrate with the sound of engines and the shouts of the crowds. This is the third consecutive year that the city has hosted the Formula 1 Grand Prix. This event aims to celebrate the speed, talent and innovation of motor racing. It promises to bring new doses of excitement to the global F1 scene as well as to the city of Miami.

Tradition and modernity

Rich results on Google's SERP when searching for 'Formula 1 car'

The Miami Grand Prix embodies the perfect blend of tradition and modernity. 

The drivers will compete on a brand new circuit created in the parking lots adjacent to the hard rock stadium. It is on this circuit that you will be able to observe drivers such as Max Verstappen or Charles Leclerc. The drivers will engage in a fierce battle in the timeless spirit of F1 racing over 3 days.

A unique show at the Miami Grand Prix

In addition to being a competition reserved for the best drivers, it is also an event for the public and the city. Thousands of enthusiasts and celebrities from around the world will be present in Miami for the occasion. You will be able to observe entertainment on the side of the track, concerts with a festive atmosphere during the 3 days of grand prix. 

The economic impact of the Miami grand prix

Beyond the excitement of the race itself, the event promises to have a strong impact on the city's economy. The race attracts people from all over the world and will help stimulate local businesses. This is an opportunity to highlight the cultural diversity of Miami. 

“Visitor spending in the Greater Miami region during race week reached more than $195 million and total attendance increased by nearly 15% in 2023, highlighting Miami's place on the calendar as a race destination. »

The Miami Grands Prix brought in nearly $800 million to the region between 2022 and 2023

This 2024 edition is a new opportunity for the tourism, hotel and catering sectors as well as retail businesses to benefit from the spending of these visitors who have a positive impact on the development of the city's economic ecosystem. 

This is an opportunity to demonstrate the attractions of the magnificent city of Miami to visitors who in the future may become residents potential.

Rich results on Google's SERP when searching for 'grand prix de Miami'

While the countdown has already started, the city continues to prepare in order to best welcome spectators this weekend. Whether you are an enthusiast or a novice, the Miami Grand Prix promises to provide an unforgettable experience for all those lucky enough to attend. Prepare to experience a magical moment and for the city to live to the rhythm of the competition during these 3 days of spectacle. 

Real estate fever in Miami, an article commented by Enzo Rosani for Les Echos

Billionaires' paradise. Miami is seeing an influx of tech executives and hedge fund managers, attracted by an ultra-light tax policy. Real estate and luxury goods are soaring, driven by post-pandemic fever.

In the “Magic City” with 2.7 million inhabitants, the eye may focus on the skyline, but everything seems to take place under the open sky. Business is rising faster than sea levels, which rightly worries residents near the shore. In thirty years, he has gained 7 centimeters; it could rise 86 centimeters over the next 50 years. Despite this horizon of vulnerability linked to climate change, Miami, built on a swamp, is building relentlessly.

HOW MANY SQUARE METERS, FOR 1 OR 10 MILLION DOLLARS?

According to Enzo Rosani, director of Barnes Miami, a budget of $1M allows you to afford a house to restore of 100 m2 in Miami Beach, a house of 120 m2 in Miami Mainland. Or a 30 m2 apartment in Coconut Grove, a residential area with tropical greenery. Real estate is soaring. For this amount, you can aim for an apartment of 90 m2 in Key Biscayne or more than 100 m2 in Edgewater. The latter is becoming very popular for its views of the bay.

We can also consider "a 150 m2 house" in Little Havana, but offers are rare in this typical residential area. What if we have $10 million? The expert highlights “a house on the water or a plush apartment of several hundred square meters in Miami Beach, in the popular South of Fifth district”. Such a budget makes it possible to qualify for an apartment in a chic “condo” or a house in Key Biscayne.

REAL ESTATE, MORE AFFORDABLE THAN IN NEW YORK?

In its “Global Property Handbook” report, Barnes reports that in 2023, “Miami is the only major American city to have experienced an increase (0.9%) in the prices of luxury homes”. San Francisco and New York respectively recorded a drop in prices, in the same category, of 9.71TP3Q and 41TP3Q. The financial barons rushed forward to settle in Palm Beach (100 km from Miami). But also in the chic and green neighborhoods of Coral Gables or Coconut Grove. Founded in 1825 by a colony of American and European industrialists, these neighborhoods have good schools and the best universities. Houses priced at $7 million are coveted there, the supply is becoming scarce. In Brickell, these are the “young professionals” in finance, tech and cryptos. They are driving up the prices of more accessible real estate there.

Among American buyers, there are many more entrepreneurs and financiers, but also investors who want to buy to rent. We are far from a ceiling because “although Miami has experienced a real estate boom, the price per square meter there is still much cheaper than in New York or Los Angeles.

Enzo Rosani, Director of Barnes Miami
Enzo-rosani-real-estate-agent-miami

An article written by Virginie JACOBERGER-LAVOUE | Journalist, Les Echos

Enzo Rosani, director of Barnes Miami, on the French TV channel M6 regarding the prestigious real estate market in Miami

Miami has long been synonymous with luxury and opulence. Its prestigious real estate market attracts the attention of investors from around the world, looking for lavish residences and promising investment opportunities. Recently, Enzo Rosani, Director of Barnes Miami, shared his expertise in an interview broadcast on French television channel M6, providing valuable insight into the Florida real estate market.

Enzo Rosani on the French TV channel M6 about the prestigious real estate market in Miami

Miami, emblematic city of Florida

In the interview, Enzo Rosani highlighted several key aspects of the luxury real estate market in Miami. First, it highlighted the diversity of properties available, ranging from luxurious beachfront villas to ultra-modern penthouses in downtown skyscrapers. This diversity allows international buyers to find exactly what they are looking for, whether it is a second home for vacations or a primary home for lavish year-round living.

HIGH-END REAL ESTATE HAS BECOME THE REFUGE PAR EXCELLENCE

Thibaut De Saint Vincent, Founder of Barnes International Realty

Enzo Rosani, accompanied by the founder of Barnes International Realty, Thibaut de Saint Vincent, also discussed the dynamics of demand and supply in the Miami real estate market. With strong demand coming from North America, Europe, Latin America and even Asia, luxury properties in Miami continue to attract the attention of investors around the world. This sustained demand, combined with a limited supply of quality properties, creates a dynamic market where prestige property values can fluctuate quickly.

Finally, they highlighted the unique benefits of owning a luxury property in Miami, including access to world-class amenities, high-end restaurants, art galleries and vibrant nightlife. It also highlighted the long-term growth potential of Miami's real estate market, thanks to its continued appeal to international real estate investments.

America's First Mercedes-Benz Tower Arrives in Miami

“Mercedes-Benz Places, a 67-story building in Brickell planned for 2027.”

Two months after unveiling its inaugural real estate project in Dubai, Mercedes-Benz is strengthening its presence in the luxury residential space by extending its influence to the United States.

In partnership with JDS Development Groups, the German automaker is undertaking the construction of Mercedes-Benz Place. A 67-story mixed-use tower in the heart of Miami's vibrant Brickell neighborhood. This impressive complex will span over 2.5 million square feet and house 791 private residences.

From $550 000

Unit prices will start at 550,000 $ for studios and reach up to $4 million for three-bedroom apartments. As for details on the penthouses, they will be revealed at a later date, adding an extra touch of excitement to this exceptional project.

200,000 sqft of offices

In addition to luxurious condominium residences, this impressive business will include 200,000 square feet of office space. It also plans high-end health and wellness facilities, as well as a 174-key hotel and retail boutiques. To top it off, on-site parking will also be available to accommodate the needs of residents and visitors.

new-development-for-sale-mercedes-benz-place-brickell

This major project, designed by renowned urban landscapers Field Operations, renowned for projects such as the Highline in New York and the Underline in Miami, will bring a welcome touch of greenery to Brickell. Indeed, Mercedes-Benz Place will house the largest green space in this dynamic neighborhood, thus offering an exceptionally balanced and harmonious urban living environment.

When it comes to its overall aesthetic, Mercedes-Benz is committed to imbuing every aspect of the building with its distinctive design. Specifically, the luxury car maker announced that the cubic structure would reflect the company's design philosophy of "sensual purity," characterized by flowing lines and a profusion of shimmering silver tones. This aesthetic approach aims to create a captivating visual experience that embodies the very essence of the Mercedes-Benz brand.

Construction of this iconic tower is already underway and the move-in date is scheduled for 2027.

Miami Boat Show 2024: What to expect?

+1000 BOATS PRESENTED

This edition of the Miami International Boat Show promises to be impressive with the presence of 51 yachts measuring over 24 meters. The event will take place around 6 locations: Miami Beach Convention Center as well as Pride Park to discover exhibitions and indoor activities. The show's water activities will take place at the Venetian Marina, Herald Plaza, Museum Park Marina and Yacht Haven Grande Miami.

Miami boat show

Many models will make their U.S. debut at the show, giving visitors to Miami an exciting taste of the latest innovations in the world of yachts. Among these new products, we find the Sunseeker 100 motor yacht, the Riva 82 Diva and the Princess Y85 with its brand new infinite cockpit. Additionally, enthusiasts will have the chance to attend the world premiere of the flagship of the Azimut series, the Magellano 30, which follows in the footsteps of the Magellano 25 Metri. These introductions promise to add a dose of excitement and anticipation to this already prestigious event.

MORE THAN 50 SUPERYACHTS

The highlight of this year will be the presence of the largest yacht, the AKYACHT Victorious, measuring 85 meters. This yacht was recently placed on the brokerage market, eight months after its withdrawal. She is now for sale with Oscar Losada of Barnes Yachting, priced at 120,000,000.

On this occasion, Barnes International Realty will have the opportunity to welcome its clients aboard the magnificent Victorious during its annual event, the Barnes Miami Yacht Show.

Yacht Haven Grande Miami: the superyacht enclave.

This exclusive marina will host the largest and most spectacular yachts in the world.

Your Guide to the Best Events at Miami Art Week and Art Basel 2022

The key to putting together the best itinerary for Art Basel Miami Beach: making sure you hit up a little bit of all the week has to offer.

There’s the art of course, both at Art Basel Miami Beach itself as well as several fairs, and openings scattered across the city in galleries, museums, and open sky installations in certain areas. Then there’s the fashion parties, the photography exhibitions, the unveiling of new high-end concept, the open bars, some private dinners, etc.

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The Miami International Auto Show is back!

From exciting reveals to thrilling test drives, hit the road to Miami Beach for the 2022 Miami International Auto Show.
One of the largest shows of its kind in America and a highlight of Miami automotive culture, the Miami International Auto Show returns October 15-23. The exhibit will cover more than one million sqft at the Miami Beach Convention Center, bringing with it hundreds of new cars, trucks, SUVs, electric vehicles and crossovers. The show will also feature a number of 'Ride and Drives', where attendees can try out their favorite car.

The show began in 1971 and is sponsored by the South Florida Automobile Dealers Association. Over its 50-year history, the show has raised more than $7 million for local charities, and recently $400,000 for longtime partner Ronald McDonald House.

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How Miami ‘Caught a Wave’ and Became the Hot New Tech Hub according to the Wall Street Journal

Miami has become a favorite destination for people fleeing progressive dystopias like San Francisco and New York. During the pandemic, the country's real estate market was at its most active, and has yet to cool despite a likely recession.

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