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U.S. hotel performance rises in first week of December

Boston led in YoY occupancy, surging to 72.7 percent

U.S. hotel performance rises in first week of December

U.S. HOTEL PERFORMANCE saw a significant increase in the first week of December compared to the previous week, with improvements in hotel occupancy, ADR and RevPAR, according to CoStar. Year-over-year results also reflected positive trends.

Occupancy rose to 58.7 percent for the week ending Dec. 9, up from the previous week’s 54.2 percent, reflecting a year-over-year decrease of 1.1 percent. ADR increased to $153.36, compared to the previous week’s $144.88, showing a 4.5 percent uptick from the prior year. RevPAR also soared to $89.98, compared to the prior week’s $78.54, indicating a 3.3 percent decrease from the corresponding period in 2022.


Among the top 25 markets, Boston saw the largest year-over-year occupancy increase, surging by 4.1 percent to 72.7 percent. Helped by Miami Art Week and Art Basel, Miami reported significant increases in ADR, soaring 48.8 percent to $314.55, and RevPAR, jumping 67 percent to $262.16.

The steepest RevPAR drops occurred in New Orleans, plummeting by 26.8 percent to $97.72, and Philadelphia, declining by 20.3 percent to $84.24.

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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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