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Halloween hits U.S. hotel performance in early November

St. Louis saw YoY growth in all key metrics

Halloween hits U.S. hotel performance in early November

U.S. HOTEL PERFORMANCE showed a decline in early November compared to the previous week, according to CoStar. Year-over-year comparisons also presented mixed results, with the decrease in occupancy expected due to Halloween falling on a Tuesday.

Occupancy stood at 59.7 percent for the week ending Nov. 4, slightly lower than the previous week's 66 percent, while showing a year-over-year decline of 4 percent. ADR dropped to $152.90 from the previous week's $160.89, yet showed a notable 2 percent increase from the previous year. Similarly, RevPAR decreased to $91.23 compared to the previous week's $106.16, reflecting a 2.1 percent decline from 2022.


Among the top 25 markets, St. Louis saw significant year-over-year growth in all three key performance metrics: occupancy increased by 6.4 percent to 59.2 percent, ADR rose by 12.3 percent to $131.16, and RevPAR grew by 19.5 percent to $77.64. Meanwhile, Metallica's M72 World Tour played a role in this strong performance, CoStar said.

The steepest RevPAR declines were seen in Miami, dropping by 22.5 percent to $131.88, and Tampa, which saw a decrease of 19.6 percent to $87.29.

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H-1B Visa Interviews Disrupted as US Tightens Scrutiny
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H-1B interviews disrupted as U.S. tightens scrutiny

Summary:

  • The U.S. government cancelled or delayed H-1B visa interviews amid tighter scrutiny.
  • Social media profiles of the applicants are being monitored.
  • FIIDS has warned that visa restrictions are disrupting U.S. industry.

THE U.S. GOVERNMENT tightened scrutiny of non-immigrant visa holders. This has led to delays in visa interviews, restricting where applicants can seek visa stamping and expanding social media vetting.

Thousands of Indians who had returned to India to renew their American work permits are now stranded. Appointments between Dec. 15 and 26 were either abruptly cancelled or rescheduled, according to the Print.

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