# Miami hospitality and tourism developments

> Live situation record from CLSTR: https://clstr.news/situations/miami-hospitality-and-tourism-developments
> Updated: 2026-09-04T23:50:24.000Z. Sources: 8. Developments: 2.

The hospitality sector in the Greater Miami and Miami Beach area is undergoing significant infrastructure and development updates. Key projects include the Grand Hyatt Miami Beach, an 800-room convention headquarters that has reached its topping off stage and is expected to open in late 2027 with a skybridge connecting to the Miami Beach Convention Center. Additionally, the Royal Palm South Beach has reopened as a Marriott Tribute Portfolio Resort following a $100 million renovation.

Tourism trends show Miami remains a primary destination for travelers from Colombia. While Colombian outbound travel increased by 12.6% between January and May due to a favorable exchange rate making international travel more affordable, the Colombian Association of Travel and Tourism Agencies (Anato) noted that this currency appreciation may impact Colombia’s own inbound tourism competitiveness.

## Timeline

### 2026-09-04: Miami hospitality expands as Colombian outbound tourism rises

Miami sees major hotel expansions like the Grand Hyatt, while Colombian tourism shifts toward outbound travel due to favorable exchange rates.

3 sources. https://clstr.news/cluster/miami-hospitality-expands-as-colombian-outbound-tourism-rises

### 2026-08-20: Miami and Miami Beach hospitality sector sees major developments

Miami and Miami Beach are experiencing significant hospitality growth, including the topping off of the 800-room Grand Hyatt Miami Beach and the $100 million renovation of the Royal Palm South Beach.

5 sources. https://clstr.news/cluster/miami-and-miami-beach-hospitality-sector-sees-major-developments

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Cite as: Miami hospitality and tourism developments. CLSTR, https://clstr.news/situations/miami-hospitality-and-tourism-developments