Óêð
Eng
As of the first quarter, 2015, the occupancy rate in Kyiv’s hotels has grown by 8%-29% in comparison with January-February, 2014. However, it is still lower than in 2013, which, moreover, should be considered within the context of the events happed last year in Kyiv. At that moment occupancy rate dropped dramatically.
In terms of ADR (average drop rate)- there has been a large drop in USD rates and due to the forex issues of the local currency. In February 2013 the rate to the USD was approximately 9 UAH. In February 2015 it started the month at 16 and ended the month at 28 – hence dramatically reducing the ADR in hard currency terms (24% year to date).”
Source: http://www.jll.ua/ukraine/en-gb/news/255/2015-russia-and-ukraine-hotel-market
