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CoStar: U.S. hotels see YOY gains for week ending Feb. 1

Minneapolis led the top 25 markets in year-over-year growth in occupancy and RevPAR

Weekly U.S. hotels performance update
Occupancy rose to 56.5 percent for the week ending Feb. 1, up from 54.3 percent the previous week, according to CoStar. ADR fell to $150.25 from $154.21, while RevPAR increased to $84.90 from $83.74.

U.S. Hotels See Strong Year-Over-Year Growth in Occupancy & RevPAR

U.S. HOTELS SAW their performance improve for the week ending Feb. 1, with year-over-year gains, according to CoStar. ADR dipped slightly, while occupancy and RevPAR rose week over week.

Occupancy increased to 56.5 percent for the week ending Feb. 1, from 54.3 percent the previous week, marking a 2.3 percent year-over-year increase. ADR dropped to $150.25 from $154.21, while still reflecting a 1.8 percent increase compared to the same period last year. RevPAR rose to $84.90 from $83.74, a 4.1 percent year-over-year increase.


Minneapolis led the top 25 markets in year-over-year occupancy growth, up 13.6 percent to 47.4 percent, while RevPAR rose 16.7 percent to $56.67. Orlando saw the largest ADR increase, up 7.4 percent to $224.62.

Las Vegas recorded the sharpest RevPAR drop, down 15 percent to $137.63, followed by New Orleans, which fell 6.2 percent to $98.23.

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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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