Despite dip, Dubai ADR leader during Q1 2016
STR reported Q1 2016 data from around the world this week and leading the pack was Dubai, United Arab Emirates, recording 2016’s highest first-quarter average daily rate among major markets around the world. This marked the 12th consecutive year that Dubai has led this group of markets in Q1 ADR when reported in U.S. dollar constant currency. Even with a 10.1% drop in year-over-year comparisons, Dubai’s ADR for Q1 2016 was US$234.88. Only three other major markets finished th