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CoStar: U.S. hotel metrics rise in first week of June, yearly trends vary

Houston recorded the highest YOY occupancy increase, up 14.8 percent to 71.1 percent

CoStar: U.S. hotel metrics rise in first week of June, yearly trends vary

U.S. HOTEL PERFORMANCE improved in the first week of June compared to the previous week, with mixed year-over-year results, according to CoStar. All key metrics, including occupancy, RevPAR, and ADR, rose compared to the prior week.

Occupancy rose to 69.1 percent for the week ending June 8, up from 62 percent the previous week, with a slight 0.1 percent year-over-year decrease. ADR increased to $160.90 from $150.87, showing a 1.8 percent rise compared to last year. RevPAR increased to $111.26 from the previous week’s $93.50, marking a 1.7 percent increase compared to the same period in 2023.


Among the top 25 markets, Houston saw the highest year-over-year increases in occupancy, rising 14.8 percent to 71.1 percent, and in RevPAR, increasing 19.3 percent to $85.20. New York City recorded the largest increase in ADR, rising 9.1 percent to $358.25.

Detroit experienced the sharpest RevPAR decline, dropping 8.7 percent to $83.43, followed by Atlanta, down 6.8 percent to $85.63.

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U.S. overhauls H-1B lottery for higher-paid workers
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U.S. overhauls H-1B lottery for higher-paid workers

Summary:

  • DHS is replacing the H-1B lottery with a system prioritizing higher-paid foreign workers.
  • It takes effect Feb. 27, in time for the upcoming H-1B cap registration season.
  • The rule aligns with the $100,000-per-visa presidential proclamation.

THE DEPARTMENT OF Homeland Security is replacing its lottery system for H-1B visas with a new process that prioritizes higher-paid foreign workers. The new system takes effect Feb. 27, for the upcoming H-1B cap registration season.

Meanwhile, the change follows actions by the Trump administration to reshape a visa program that critics say favors lower-paid overseas workers, while supporters say it supports innovation, according to The Associated Press.

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