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U.S. hotel performance declines in fourth week of October

Minneapolis saw a 12.7 percent YoY increase in occupancy, reaching 64.5 percent

U.S. hotel performance declines in fourth week of October

U.S. hotel performance has declined in the fourth week of October compared to the previous week, according to CoStar. However, year-over-year comparisons revealed positive results.

Occupancy came in at 66 percent for the week ending Oct. 28, slightly lower than the previous week's 69 percent, but with year-over-year growth of 0.7 percent. ADR dropped to $160.89, down from the previous week's $165.32, yet showing a notable 3.9 percent increase from the previous year. Similarly, RevPAR saw a decrease, reaching $106.16 compared to the previous week's $114.04, but reflecting a solid 4.6 percent rise from 2022.


Among the top 25 markets, Minneapolis saw the largest year-over-year increase in occupancy, rising by 12.7 percent to reach 64.5 percent.

New York City posted the highest ADR increase, up 12.7 percent to $365.05. San Francisco reported the largest jump in RevPAR, surging 22.7 percent to $178.32. Tampa saw the steepest RevPAR decline, down 16.9 percent to $98.63.

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Trump halts asylum approvals following fatal guardsmen shooting

Summary:

  • Trump is halting all asylum decisions after the shooting death of guardsman.
  • Industry groups have long supported the Asylum Seeker Work Authorization Act.
  • Hospitality is the sixth-largest U.S. industry and employs a significant number of immigrants.

THE TRUMP ADMINISTRATION is halting all asylum decisions following the shooting of two National Guardsmen in Washington, according to the U.S. Citizenship and Immigration Services. Meanwhile, industry associations have advocated for legislation such as the Asylum Seeker Work Authorization Act to address the growing labor shortage.

Joseph Edlow, USCIS director, said in a post on X Friday that asylum decisions would be paused “until we can ensure that every alien is vetted and screened to the maximum degree possible,” according to The Guardian.

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