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CoStar: U.S. hotel performance mixed in first week of April, positive YOY

WrestleMania 40 drove Philadelphia's key metric performance

CoStar: U.S. hotel performance mixed in first week of April, positive YOY

U.S. hotel performance showed mixed results in the first week of April compared to the previous week, yet displayed positive year-over-year comparisons, according to CoStar. Occupancy and RevPAR outperformed ADR in key metrics.

Occupancy rose to 64.1 percent for the week ending April 6, up from the previous week's 62.3 percent, marking a 4.7 percent year-over-year increase. ADR slightly decreased to $156.96 from $157.14, reflecting a 2.1 percent increase compared to last year. RevPAR increased to $100.59 from $97.83 the previous week, signaling a 6.9 percent rise compared to the same period in 2023.


Among the top 25 markets, Philadelphia reported the largest year-over-year occupancy increase, up 17.5 percent to 66.1 percent, with the second-highest jumps in ADR, rising 17.3 percent to $165.11. RevPAR also increased by 37.8 percent to $109.10, driven by WrestleMania 40.

Boosted by the NCAA Men’s Final Four, Phoenix experienced notable rises in ADR, up by 24.8 percent to $237.38, and RevPAR, which surged by 39.7 percent to $184.07.

The steepest RevPAR declines were seen in Orlando, dropping by 7.7 percent to $163.05, followed by Tampa, which decreased by 7.1 percent to $162.81.

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HIRE Act Reintroduced amid H-1B Fraud Allegations
Photo by Chip Somodevilla/Getty Images

HIRE Act reintroduced amid H-1B fraud allegations

Summary:

  • Krishnamoorthi reintroduced the HIRE Act, proposing to raise the H-1B cap to 130,000.
  • The proposal would help fill tech and defense gaps, fund STEM education.
  • Doubling the cap could boost Indian H-1B approvals if the system is fair, an expert said.

INDIAN-ORIGIN U.S. REP. Raja Krishnamoorthi recently reintroduced legislation proposing to raise the H-1B visa cap to 130,000 amid new fraud allegations against the program. Experts estimate the increase could create 45,000 to 50,000 additional opportunities for Indian professionals, though political uncertainty persists.

The Halting International Relocation of Employment Act would raise the annual H-1B cap from 65,000 (plus 20,000 for advanced degree holders) to 130,000, according to The Times of India.

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