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In terms of ADR, all segments of St. Petersburg hotel market showed growth in 2017. Luxury segment set a new record in terms of the rates and for the first time in observable past has outrun Moscow prices. The average ADR in all segments increased by 11.3%, exceeding RUB6,500. As a result, notwithstanding an occupancy drop by 1.8 ppt (down to 63.2%), RevPAR climbed by 8.4%, up to RUB 4,100.
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27 February 2018