Miami is primarily known for being a popular vacation destination. The city has many beautiful beaches and a thriving nightlife. Miami has been described by Time magazine as "The Capital of Latin America," and it is known for being a center for trade, commerce, entertainment, pop culture and the arts.
From its early origins as a trading post for Spain in the 1500s, Miami has developed into a thriving cultural center for both the state of Florida and the North Caribbean. The city is primarily known as a tourist hot spot, featuring more than sixteen beaches and many entertainment venues, including night clubs, golf courses and shopping outlets. It's home to a variety of theaters, performing arts centers and other artistic venues, and it has become a popular travel for destination for tourists from all over the world.
Miami is also known as a thriving center of commerce. It has the largest concentration of international banks in the United States and was determined to be the richest city in the United States, according to a UBS study. It's also known as the "cruise capital of the world" due to it being the number one port for cruise ships in the world.