Skip to content

Search

Latest Stories

CoStar: U.S. hotel performance dips YOY during election week

Las Vegas saw the largest YOY growth in key metrics among the top 25 markets

CoStar: U.S. hotel performance dips YOY during election week

U.S. HOTEL PERFORMANCE improved in the first week of November, though year-over-year comparisons remained negative as expected due to the U.S. election, according to CoStar. Key metrics, including occupancy, RevPAR and ADR, rose from the previous week.

Occupancy rose to 62.6 percent for the week ending Nov. 9, up from 60.8 percent the prior week but down 3.5 percent year-over-year. ADR increased to $156.11 from $154.99, reflecting a 0.1 percent year-over-year decline. RevPAR grew to $97.73 from $94.22, showing a 3.5 percent decrease compared to the same week in 2023.


Among the top 25 markets, Las Vegas posted the largest year-over-year growth in each key performance metric: occupancy rose 6.8 percent to 85.4 percent, ADR increased 28.2 percent to $256.38 and RevPAR climbed 36.9 percent to $219.07.

San Francisco saw the steepest RevPAR drop, falling 35.2 percent to $111.40, followed by Washington, D.C., which declined 27.9 percent to $95.89.

More for you

Metaview co-founder
Photo Credit: LinkedIn

Metaview co-founder's comment on H-1B fee goes viral

Summary:

  • Metaview CTO Shahriar Tajbakhsh’s H-1B fee joke went viral.
  • Some U.S. companies pulling back from foreign hiring as H-1B costs rise.
  • Indians account for over 70 percent of H-1B approvals in 2024.

LONDON-BORN TECH FOUNDER Shahriar Tajbakhsh’s take on President Donald Trump’s proposed $100,000 H-1B visa fee is going viral. He dismissed concerns over the fee, joking that he would pay the amount “per day” if needed.

Keep ReadingShow less