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STR: Occupancy dips, ADR rises as July ends

Virginia Beach, Virginia, area saw highest occupancy increase

STR: Occupancy dips, ADR rises as July ends

OCCUPANCY DIPPED SOME for U.S. hotels in the last week of July, according to STR. ADR, however, rose to a new high.

For the week ending July 31, occupancy was 70.1 percent after reaching 71.4 percent the week before, down 6.2 percent from 2019 levels. ADR was $142.76,  up from $141.75 the previous week and up 6.8 percent over the comparable time period from 2019. RevPAR was $100.07, down from $101.24 the week before and up 0.1 percent from 2019 levels.


“ADR remained at an all-time high on a nominal basis but not when adjusted for inflation at $135,” STR said.

Norfolk/Virginia Beach, Virginia, saw the highest occupancy increase over 2019 among the top 25 markets, up 2.2 percent to 82.5 percent. San Francisco/San Mateo, California, experienced the steepest decline in occupancy when compared with 2019, dropping 30.5 percent to 60 percent .

Miami reported the largest increases over 2019 in ADR, rising 43.3 percent to $215.34, and RevPAR, up 38.3 percent to $156.01. The largest RevPAR drops were in San Francisco/San Mateo, down 47.8 percent to $101.44, and Minneapolis, dipping 39.2 percent to $66.71.

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HIRE Act Reintroduced amid H-1B Fraud Allegations
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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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