DHS, DOL expand H-2B visa program to solve labor gap

In a bid to solve the ongoing labor challenges facing U.S. businesses, the U.S. Department of Homeland Security and the Department of Labor are set to make an additional 64,716 H-2B temporary nonagricultural worker visas available for fiscal year 2023, on top of the 66,000 H-2B visas that are normally available each fiscal year.

HVS Report - A Review of Equity Yields and Discount Rates in a Post-COVID Environment

Equity yields and discount rates remain at or below pre-COVID levels; however, rising debt costs will result in changing investor return expectations.

Equity yield is the rate of return that an equity investor expects over a holding period.

The total property yields (discount rates) presented reflect the "free and clear" internal rate of return to an all-cash purchaser, or a blended rate of debt and equity return requirements.

Equity Yields: Pre-Covid vs Current (2022)

Discount Rates: Pre-Covid vs Current (2022)

STR: U.S. hotel results for week ending 15 October

U.S. hotel performance increased from the previous week and produced mixed comparisons with 2019, according to STR‘s latest data through 15 October.

• Among the Top 25 Markets, Tampa reported the largest increases over 2019 in each of the key performance metrics: occupancy (+17.1% to 80.6%), ADR (+34.6% to US$159.80) and RevPAR (+57.7% to US$128.85). Tampa has been one of the markets in Florida that have seen a performance lifted associated with post-Hurricane Ian demand.
• San Francisco was the only market to post an ADR decline (-11.9% to US$237.17).
• The steepest RevPAR declines were in San Francisco (-28.3% to US$170.49) and Minneapolis (-7.9% to US$80.19).

9-15 October 2022 (percentage change from comparable week in 2019):

• Occupancy: 70.3% (-2.7%)
• Average daily rate (ADR): US$157.52 (+15.8%)
• Revenue per available room (RevPAR): US$110.78 (+12.8%)