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Question #507

How much will average New York City hotel room rates change from 2015 to 2016?

The final answer to this question will be determined using the average daily rate published by Smith Travel Research for year end 2015 and for year end 2016. Letting ADR_2015 denote the average daily rate for 2015 and ADR_2016 denote the average daily rate for 2016, the final answer will be (ADR_2016 / ADR_2015) - 1.

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