STR analysts cite supply growth as the reason for the year-on-year increases in occupancy and average daily rates
9 percent, average daily rates
(ADR) however fell 4 percent to $163.
Summary: Both occupancy and average daily rates
also witness upswings
Dubai: Hotels in Dubai continued to post declines in occupancy and average daily rates
in April, according to a report from research firm STR Global.
Europe's growing economy and the rising influx of tourists could strengthen the credit quality of European hotel companies, as the resulting boost to occupancy and average daily rates
looks set to push margins beyond pre-crisis levels, Moody's Investors Service said in a report.
Elizabeth Randall Winkle, the managing director of STR Global, said, 'The positive news across the European hotel market is the solid performance of average daily rates
(in Euros) with a 6.
Tourism chiefs may want more hotels for the UAE - but figures released on Sunday showed hotel occupancy, average daily rates
and revenues all dipped in September compared to the same month in 2011.
Mondrian South Beach had the lowest rates among the company's Miami Beach hotels, and accordingly saw a jump in occupancy to 59 percent and an increase in average daily rates
Employing test verification for parametric and non-parametric hypothesis, the following conclusions can be derived: (1) the average daily rates
of return for all seven securities are non-negative, while in subsamples, the average rates of return are essentially positive; (2) there are no significant differences in average daily rates
Retail rents in high traffic areas continue to break records and hotels are seeing strong increases in both average daily rates
The hotel industry saw record average daily rates
in 2004, and the WCTC said this year's calendar is packed with high-profile gatherings, including the largest meeting in the city's history-30,000 attendees at the end of this month for the American Academy of Orthopedic Surgeons conference.