As occupancy levels in the city reach an increased level of stabilization and hotel managers become more confidant, average daily rates
will start to rebound, albeit at a slower pace when compared to occupancy.
The report by STR Global looked at occupancy, average daily rate
and available daily revenue in hotels across the world for the month of November 2015, as compared to November 2014.
Recent data from Smith Travel Research show that during the first three months of this year, the average daily rate
for a hotel room in New York City was down by 20 percent to 30 percent, while the occupancy level dropped from an average of 84 percent to as low as 50 percent.
It was only the second month all year the region reported a decrease in average daily rate
A report by STR Global indicates that Dubai hotels experienced double-digit RevPar growth in April, with increased average daily rate
the main factor driving this.