The Hospitality Newsletter
Today Sunday, August 9, 2026

The Hospitality Newsletter

· Role

Hospitality News for General Managers

Hospitality industry news curated for general managers — filtered for what matters to the role: p&L impact, guest satisfaction scores, operational efficiency, competitive positioning, staff retention, and revenue per available room.

What we filter for: P&L impact, guest satisfaction scores, operational efficiency, competitive positioning, staff retention, and revenue per available room.

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General Manager — Market Analysis

2065 stories

U.S. hospitality market targets 4.4% RevPAR growth in 2026 despite rising operating expenses eroding profit margins.

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Merchant Shifts ·Booking Holdings holds $8.2 billion in deferred funds via its merchant model, shifting hoteliers' operational priority from commissions to payout schedules.

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Review Dependence ·61% of Gen Z travelers prioritize online reviews and free breakfast over traditional brand names when selecting hotel properties.

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Network Security ·Microsoft issued a warning that global hacking campaigns target business travelers by deploying fake login prompts on hotel Wi-Fi networks.

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Supply Expansion ·ICRA projects 7% to 9% revenue growth for Indian hotels in FY27, while the APEC region reaches 2,506 pipeline projects.

Outlook

CoStar data updates will confirm if rising operational expenses continue outpacing ADR-driven RevPAR gains later this year.

Latest Stories

2065 stories
Booking Holds $8.2B in Hotel Funds via Merchant Model Shift
financeeHotelier··1 min·For: Owner, GM, Revenue, Investor

Booking Holds $8.2B in Hotel Funds via Merchant Model Shift

Booking Holdings' merchant model now accounts for nearly 67% of revenue, holding $8.2 billion in deferred hotelier funds as of Q1 2026. As the platform transitions away from agency bookings, payout schedules are becoming a more critical cash flow issue for hoteliers than commission rates.

Key Takeaways

  1. 1Merchant revenue rose 26.7% year-over-year to $3.70 billion, while agency revenue dropped 2.3%.
  2. 2Booking held $8.2 billion in deferred provider funds as of March 31, 2026, significantly boosting its quarterly cash flow.
  3. 3Hoteliers face working capital gaps between guest checkouts and actual payout delivery dates.
CoStar Upgrades U.S. Hotel Forecast for 2026 and 2027
financeLodging Magazine··1 min·For: Owner, Investor, Revenue, GM

CoStar Upgrades U.S. Hotel Forecast for 2026 and 2027

CoStar and Tourism Economics have raised their 2026-27 U.S. hotel outlook following record first-half room night sales and revenue. Growth will continue to be driven by ADR, though elevated operating expenses remain a key concern for profit margins.

Key Takeaways

  1. 12026 RevPAR and ADR growth projections were upgraded by 1.6 and 1.1 percentage points, respectively.
  2. 2Record H1 demand was fueled by strong leisure, business, and major event travel.
  3. 3GOPPAR is projected to rise 4% in 2026, though expense growth continues to outpace inflation.
US Hotel RevPAR Surges 7.3 Percent Year over Year
financeLodging Magazine··1 min·For: Owner, GM, Revenue, Investor

US Hotel RevPAR Surges 7.3 Percent Year over Year

The U.S. hotel industry saw positive year-over-year performance gains across all key metrics for the week ending August 1. Concerts drove significant lifts in markets like Philadelphia, while Las Vegas experienced double-digit declines.

Key Takeaways

  1. 1U.S. RevPAR rose 7.3% to $120.45, with ADR up 4.5% and occupancy up 2.6%.
  2. 2Philadelphia led Top 25 markets in RevPAR growth (+32.1%), boosted by major concert events.
  3. 3Las Vegas suffered the largest losses, with RevPAR dropping 17.1% year-over-year.
Accor Debuts in Las Vegas with Treasure Island Hotel
operationsHotel Dive··1 min·For: Owner, GM, Ops, Investor

Accor Debuts in Las Vegas with Treasure Island Hotel

Accor has officially entered the Las Vegas market by adding the 2,884-room Treasure Island property to its Handwritten Collection. Meanwhile, Marriott, First Hospitality, and Crestline expanded their portfolios with major rebrandings and new management agreements.

Key Takeaways

  1. 1Treasure Island TI Las Vegas joined Accor's Handwritten Collection as the brand's largest global hotel.
  2. 2The 373-room Potomac Hotel in Washington, D.C., joined Marriott's Autograph Collection under Pyramid Global Hospitality management.
  3. 3First Hospitality added five luxury lifestyle properties to its portfolio, expanding into five new U.S. markets.
Microsoft Warns Guests of Hotel Wi-Fi Security Risks
technologyasianhospitality.com··1 min·For: GM, IT, Ops

Microsoft Warns Guests of Hotel Wi-Fi Security Risks

Microsoft has issued a warning regarding a global hacking campaign that uses compromised hotel Wi-Fi networks to steal guest credentials and install malware. The attack targets business travelers by deploying fake login prompts and AI-assisted tools on hospitality networks.

Key Takeaways

  1. 1Russian-linked campaign 'CaptiveCrunch' has targeted hotel Wi-Fi since May.
  2. 2Attackers deploy fake sign-in pages and install the 'CornFlake' remote-access trojan.
  3. 3Microsoft advises guests to use mobile hotspots instead of public hotel networks.
Global Business Travel Spend to Reach $1.71 Trillion in 2026
financeHotel Dive··1 min·For: Owner, GM, Revenue, Investor

Global Business Travel Spend to Reach $1.71 Trillion in 2026

Global business travel spending is projected to hit a record $1.71 trillion in 2026, driven primarily by higher travel costs rather than a surge in trip volume. Companies are becoming more selective, prioritizing high-value trips and AI-driven infrastructure projects.

Key Takeaways

  1. 1Spending will grow 7.2% YoY to $1.71 trillion, while trip volume increases just 1.3% to 1.84 billion.
  2. 2Rising transportation costs and geopolitical uncertainty are prompting corporate travel managers to focus heavily on ROI.
  3. 3AI and tech infrastructure investments are creating strong project-based demand, benefiting extended-stay hotels.
GetYourGuide Passes Digital Services Tax to Tour Operators
financeSkift··1 min·For: Owner, GM, Revenue

GetYourGuide Passes Digital Services Tax to Tour Operators

GetYourGuide will begin passing the cost of local Digital Services Taxes directly to its tour and activity operator partners. The extra fee will be added to booking commissions depending on the operator's country.

Key Takeaways

  1. 1GetYourGuide to pass Digital Services Tax costs onto experience operators.
  2. 2Additional fees will be applied directly on top of existing booking commissions.
  3. 3Tax rates will vary based on the specific regulations of the operator's country.
Gen Z Business Travelers Face Anxiety Over Outdated Booking Systems
operationsSkift··1 min·For: GM, Marketing, Revenue, Owner

Gen Z Business Travelers Face Anxiety Over Outdated Booking Systems

Gen Z business travelers are struggling with legacy corporate travel policies, opaque booking paths, and overly automated tools. Rather than full AI automation, these younger professionals seek clearer guidance, transparency, and control during trip planning.

Key Takeaways

  1. 1Gen Z annual business trip volume is projected to double by 2030.
  2. 2Travelers report high anxiety caused by outdated policies and disconnected booking tools.
  3. 3Gen Z prefers clear human-centric guidance and control over fully automated AI decision-making.
APEC Hotel Pipeline Hits Record 2,506 Projects
financeHotel Business··1 min·For: Owner, Investor, GM, Revenue

APEC Hotel Pipeline Hits Record 2,506 Projects

The Asia-Pacific region, excluding China, reached a record hotel construction pipeline of 2,506 projects in Q2, driven heavily by rapid growth in India. Early planning projects surged 26% year-over-year, accounting for 45% of total regional development.

Key Takeaways

  1. 1APEC hotel construction pipeline grew 17% year-over-year to 2,506 projects and 452,972 rooms.
  2. 2India leads the region with a record 1,033 projects, followed by Vietnam, Japan, Indonesia, and Thailand.
  3. 3Renovations and brand conversions reached a record high of 346 projects, up 36% year-over-year.
Nevis Limits Development to Protect Luxury Island Brand
marketingSkift··1 min·For: Owner, Investor, GM

Nevis Limits Development to Protect Luxury Island Brand

Nevis is capping large-scale developments, cruise ships, and tall structures to preserve its eco-luxury appeal while improving airlift for affluent travelers. The strategy balances strict growth limits with upgraded private jet facilities to target high-net-worth visitors.

Key Takeaways

  1. 1Bans mega-resorts, cruise ships, fast food, and tall buildings
  2. 2Breaking ground on a private jet facility to boost direct US arrivals
  3. 3Positions geographical constraints as an exclusive high-end luxury brand
Skift Travel Health Index Bounces Back to 100 Baseline
financeSkift··1 min·For: Owner, Revenue, GM, Investor

Skift Travel Health Index Bounces Back to 100 Baseline

The global travel index rebounded in June 2026, driven by high hotel room rates and localized World Cup demand despite softening international long-haul travel. Geopolitical truces helped the Middle East recover, while extreme heat hampered growth in parts of Europe.

Key Takeaways

  1. 1Global index held flat at 100, recovering from two consecutive months of decline.
  2. 2Strong hotel pricing power offset weaker long-haul international travel demand.
  3. 32026 FIFA World Cup provided localized demand surges across host markets.
Rosen Hotels Begins $150M Renovation of Two Orlando Properties
operationsLodging Magazine··1 min·For: Owner, GM, Ops, Investor

Rosen Hotels Begins $150M Renovation of Two Orlando Properties

Rosen Hotels & Resorts has launched a historic $150 million renovation across two of its major Orlando properties, Rosen Plaza and Rosen Shingle Creek. The project will redesign 2,300 guestrooms and over 524,000 square feet of event space with completion targeted for 2026 and 2027.

Key Takeaways

  1. 1Rosen Hotels is investing $150M+ in the largest renovation project in its 52-year history.
  2. 2The project covers 2,300 guestrooms, suites, corridors, and 524,000 sq ft of event space across two properties.
  3. 3Renovations at Rosen Plaza finish in fall 2026, followed by flagship property Rosen Shingle Creek in 2027.
Gen Z Favors Online Reviews Over Hotel Brands, Study Finds
marketingHotel Business··1 min·For: Owner, GM, Marketing, Revenue

Gen Z Favors Online Reviews Over Hotel Brands, Study Finds

A new Rival Technologies study reveals that 61% of Gen Z travelers prioritize online reviews when booking hotels, compared to just 14% who rely on brand names. The research underscores that guest reputation and core amenities like free breakfast and WiFi carry more weight with this demographic than traditional brand recognition.

Key Takeaways

  1. 161% of Gen Z rank reviews as their top booking factor, while only 14% prioritize brand name.
  2. 2Practical amenities lead preferences: 56% value free breakfast, 50% seek free WiFi, and 48% look for pools or gyms.
  3. 3Only 43% default to hotels, with 21% preferring Airbnb and 27% choosing based on trip type.
Aman Faces Backlash After Calling Police on Travel Creator
marketingSkift··1 min·For: GM, Marketing, Owner, Ops

Aman Faces Backlash After Calling Police on Travel Creator

Ultra-luxury brand Aman turned away a YouTube creator with a confirmed reservation at Amanvari in Mexico, threatening to call the police. The creator's viral video account has drawn hundreds of thousands of views, raising questions about crisis management and content creator relations in luxury hospitality.

Key Takeaways

  1. 1Amanvari security denied entry to YouTuber Ryan Walker despite a confirmed booking.
  2. 2Walker's viral video account generated nearly 700,000 views and over 5,000 comments.
  3. 3Aman has not issued a public statement or responded to media inquiries regarding the incident.
Auro Hotels to Debut First JW Marriott in South Carolina
operationsasianhospitality.com··1 min·For: Owner, Investor, GM, Revenue

Auro Hotels to Debut First JW Marriott in South Carolina

Auro Hotels is partnering with the City of Greenville and The Furman Co. to bring a 335-room JW Marriott to downtown Greenville. Construction is scheduled for mid-2027 as part of the new 6-acre Falls Park Conference District redevelopment.

Key Takeaways

  1. 1The 335-room property will redevelop the Bowater Building overlooking the Reedy River.
  2. 2Project includes four F&B outlets, 8,800 sq ft of event space, and a pedestrian bridge to a new city conference center.
  3. 3Construction is slated to begin in mid-2027, taking 18 to 24 months and creating roughly 175 jobs.
CoStar Upgrades 2026 US Hotel RevPAR Growth Forecast to 4.4%
financeHotel Dive··1 min·For: Owner, GM, Revenue, Investor

CoStar Upgrades 2026 US Hotel RevPAR Growth Forecast to 4.4%

CoStar and Tourism Economics significantly raised their 2026 U.S. hotel forecast, now projecting RevPAR to grow 4.4% driven by strong leisure, business, and major event travel. However, hoteliers face continued headwinds from rising operational expenses that are expected to outpace inflation.

Key Takeaways

  1. 12026 U.S. RevPAR growth forecast upgraded to 4.4% YoY, up from the previous 2.8% projection.
  2. 22026 occupancy expected at 63.1% and ADR to grow 3.1%, bolstered by the World Cup and America 250 events.
  3. 3Operational expenses are projected to rise faster than inflation through both 2026 and 2027.
CoStar and TE Raise 2026 U.S. Hotel RevPAR Forecast
financeasianhospitality.com··1 min·For: Owner, GM, Revenue, Investor

CoStar and TE Raise 2026 U.S. Hotel RevPAR Forecast

CoStar and Tourism Economics upgraded their 2026 U.S. hotel performance forecast following a record-breaking first half that saw room nights increase by 11.4 million. RevPAR and ADR projections were raised by 1.6 and 1.1 percentage points, respectively, driven by resilient leisure and business travel.

Key Takeaways

  1. 12026 RevPAR and ADR forecasts were raised by 1.6% and 1.1% percentage points, respectively.
  2. 2First-half room revenue surged by over $5.4 billion compared to 2025.
  3. 3Rising operating expenses will continue to outpace inflation in 2026 and 2027.
CoStar and TE Raise 2026 U.S. Hotel RevPAR Forecast
financeasianhospitality.com··1 min·For: Owner, GM, Revenue, Investor

CoStar and TE Raise 2026 U.S. Hotel RevPAR Forecast

CoStar and Tourism Economics upgraded their 2026 hotel performance forecast following record first-half room night sales driven by strong leisure and business travel. Although second-half growth will moderate, full-year RevPAR, ADR, and occupancy expectations have all been revised upward.

Key Takeaways

  1. 12026 RevPAR and ADR growth forecasts increased by 1.6 and 1.1 percentage points respectively.
  2. 2First-half room night sales hit a record high, up 11.4 million compared to 2025.
  3. 3GOPPAR is projected to grow 4% this year, but rising operational expenses remain a challenge.
Skift Names Finalists for 2026 IDEA Innovation Awards
generalSkift··1 min·For: Owner, GM, Marketing, Investor

Skift Names Finalists for 2026 IDEA Innovation Awards

Skift has revealed the finalists for its eighth-annual IDEA Awards, selected from over 490 global entries across seven categories. Winners will be chosen by an independent panel of judges and announced on August 26.

Key Takeaways

  1. 1Over 490 entries were submitted globally across seven distinct industry categories.
  2. 2Major hotel finalists include Marriott, Virgin Hotels, The Venetian Resort Las Vegas, and Banyan Group.
  3. 3Winners selected by an expert judge panel will be officially announced on August 26.
Remington Social Media Division Drives $3M Portfolio Revenue
marketingLodging Magazine··1 min·For: Owner, GM, Marketing, Revenue

Remington Social Media Division Drives $3M Portfolio Revenue

Remington Hospitality has internalized its social media strategy across its portfolio, driving over $3 million in attributable revenue and a 37:1 return on ad spend. The dedicated division oversees content production, influencer partnerships, paid campaigns, and community engagement for managed properties.

Key Takeaways

  1. 1In-house social media strategy generated over $3M in revenue and 63.7M impressions.
  2. 2Achieved a 37:1 return on ad spend alongside a 110% increase in social engagements.
  3. 3Team manages full-suite services including lifestyle content creation, influencer campaigns, and local events.
Microsoft Warns of Russian Hackers Targeting Hotel Wi-Fi
technologyasianhospitality.com··1 min·For: GM, IT, Owner, Ops

Microsoft Warns of Russian Hackers Targeting Hotel Wi-Fi

Microsoft has issued a warning regarding 'CaptiveCrunch,' a Russian-linked cyber campaign targeting hotel Wi-Fi networks to steal guest credentials and install malware. Attackers use compromised hotel Wi-Fi gateways to display fake login pages and software updates to business travelers.

Key Takeaways

  1. 1Campaign uses compromised Wi-Fi gateways to bypass MFA via fake device-code login prompts.
  2. 2Attackers can deploy 'CornFlake' malware to track keystrokes, steal files, and monitor audio/video.
  3. 3Microsoft advises guests to use mobile hotspots instead of hotel Wi-Fi for sensitive work.
Airbnb Adds 75 Boutique Properties in Lark Hotels Deal
marketingshorttermrentalz.com··1 min·For: Owner, GM, Revenue

Airbnb Adds 75 Boutique Properties in Lark Hotels Deal

Airbnb has signed a distribution agreement with boutique operator Lark Hotels, adding over 75 US properties to its platform. The deal aligns with Airbnb's aggressive push to expand its boutique hotel offerings.

Key Takeaways

  1. 1Adds over 75 boutique properties across Lark's AWOL, Blind Tiger, and Bluebird brands.
  2. 2Provides Lark Hotels with a broader direct-to-consumer distribution channel.
  3. 3Supports Airbnb's strategy to aggressively expand its presence in the hotel sector.
Hilton Reports $482M Q2 Net Profit with 3.9% RevPAR Surge
financehotelowner.co.uk··1 min·For: Owner, Investor, Revenue, GM

Hilton Reports $482M Q2 Net Profit with 3.9% RevPAR Surge

Hilton achieved $482 million in Q2 net income and a 3.9% system-wide RevPAR increase, driven by strong global development and key acquisitions. The company expanded its pipeline to over 541,000 rooms and reaffirmed strong full-year financial guidance.

Key Takeaways

  1. 1Q2 net income reached $482M with Adjusted EBITDA topping $1.05B.
  2. 2System-wide RevPAR grew 3.9% with full-year expectations set between 3% and 3.5%.
  3. 3Development pipeline expanded 6% YoY to 541,300 rooms after opening 200+ properties.
China Hotel Pipeline Exceeds 3,500 Projects with 1,100 Openings Forecast
financeHotel Business··1 min·For: Owner, Investor, GM, Revenue

China Hotel Pipeline Exceeds 3,500 Projects with 1,100 Openings Forecast

China's hotel construction pipeline reached 3,588 projects in Q2 2026, driven by record highs in the upper-midscale and upscale segments. Lodging Econometrics forecasts more than 1,100 new hotel openings across the country by year-end 2026.

Key Takeaways

  1. 1Upper-midscale and upscale segments make up 66% of all pipeline projects in China.
  2. 2Renovations and brand conversions surged 24% YOY to a record 265 projects.
  3. 3Chengdu, Guangzhou, and Shanghai lead Chinese cities with the largest project pipelines.
AI Search Drives 14% Conversion Rate for Hotel Bookings
marketingBoutique Hotel News··1 min·For: Owner, GM, Marketing, Revenue

AI Search Drives 14% Conversion Rate for Hotel Bookings

AI platforms are rapidly replacing traditional search engines for trip planning, with AI-driven search traffic converting at 14.2% compared to 2.8% for organic search. To stay visible in AI recommendations, hotels must prioritize Google reviews and direct website Q&A content over traditional technical SEO.

Key Takeaways

  1. 1AI search traffic converts at 14.2%, making visitors 4.4 times more valuable than traditional organic search leads.
  2. 2Google reviews and answering detailed guest queries directly on hotel websites strongly drive AI visibility, while technical schema offers minimal impact.
  3. 3Independent hotels can outperform major chains in AI search by targeting specific, niche guest categories rather than broad keywords.
How Hotel Leaders Can Drive Practical AI Tech Adoption
technologyLodging Magazine··1 min·For: Owner, GM, Ops, IT

How Hotel Leaders Can Drive Practical AI Tech Adoption

To successfully integrate AI and operational technology, hotel leaders must focus on augmenting staff capabilities and reducing daily administrative burdens rather than aiming for full automation.

Key Takeaways

  1. 165% of hotels report staffing shortages, making tech that reduces cognitive burden essential.
  2. 2Leadership must decide between full automation, AI augmentation, and purely human service touchpoints.
  3. 3Successful tech deployment requires listening to frontline staff to streamline existing workflows.
Capital One Capitalizes on Card Loyalty with Hotel Collections
marketingSkift··1 min·For: Owner, GM, Revenue, Marketing

Capital One Capitalizes on Card Loyalty with Hotel Collections

Capital One Travel has expanded its Premier and Lifestyle Collections to over 1,400 curated properties, offering premium cardholders exclusive benefits and bespoke booking experiences. The strategy leverages credit card rewards programs, which 34% of U.S. travelers now rank as more rewarding than traditional hotel loyalty schemes.

Key Takeaways

  1. 1Capital One's curated hotel program now features more than 1,400 luxury and lifestyle properties globally.
  2. 234% of U.S. travelers favor credit card rewards programs over traditional hotel loyalty programs (22%).
  3. 3Properties are selected via qualitative reviews and data analysis focusing on service quality and guest satisfaction.
Choice Hotels Interim CEO Targets RevPAR Gap Against Rivals
financeSkift··1 min·For: Owner, GM, Revenue, Investor

Choice Hotels Interim CEO Targets RevPAR Gap Against Rivals

Choice Hotels' interim CEO Dominic Dragisich is prioritizing closing the company's RevPAR gap as U.S. performance lags behind industry averages across upscale, midscale, and budget segments.

Key Takeaways

  1. 1Choice's U.S. upscale RevPAR grew 1.3% in Q2, trailing the industry average of ~5%.
  2. 2Midscale segments grew 1.1% versus the 4% industry average, while budget RevPAR fell 0.7%.
  3. 3Interim CEO Dominic Dragisich has taken over the role to address market share losses and boost performance.
Global Business Travel Spend to Hit $1.71 Trillion in 2026
financeasianhospitality.com··1 min·For: Owner, GM, Revenue, Investor

Global Business Travel Spend to Hit $1.71 Trillion in 2026

Global business travel spending is projected to reach $1.71 trillion by 2026, driven by higher travel costs rather than a rapid surge in trip volume. While companies remain committed to travel, higher expenses are forcing a focus on selective, disciplined, and high-productivity trips.

Key Takeaways

  1. 1Global business travel spend will reach $1.71T in 2026, with the U.S. ($423B) and China ($403.7B) leading.
  2. 2Trip volume will grow just 1.3% in 2026 to 1.84 billion trips as higher costs keep demand disciplined.
  3. 3Total global spending is now expected to cross $2 trillion by 2030, one year later than initially forecast.
Lark Hotels Partners with Airbnb to List 75+ Boutique Properties
marketingBoutique Hotel News··1 min·For: Owner, GM, Revenue, Marketing

Lark Hotels Partners with Airbnb to List 75+ Boutique Properties

Boutique hotel operator Lark Hotels has signed a distribution agreement with Airbnb, adding over 75 unique properties to the platform. The deal aligns with Airbnb's aggressive strategy to expand its footprint in the hotel sector.

Key Takeaways

  1. 1Airbnb adds more than 75 Lark properties across brands like AWOL, Blind Tiger, and Bluebird.
  2. 2The move directly supports Airbnb's strategic initiative to expand further into the global hotel market.
  3. 3Lark Hotels gains access to a broader channel mix and Airbnb's guest base seeking unique boutique stays.

Frequently asked

+What is the updated U.S. hotel RevPAR growth forecast for 2026?

CoStar and Tourism Economics upgraded the 2026 U.S. hotel RevPAR growth forecast to 4.4%. This adjustment follows a record-breaking first half of the year that saw room night sales increase by 11.4 million. RevPAR and ADR projections were raised by 1.6 and 1.1 percentage points, respectively, supported by strong demand from leisure and business travelers.

+How much deferred revenue is Booking Holdings holding in its merchant model?

Booking Holdings held $8.2 billion in deferred hotelier funds as of Q1 2026. The platform's merchant model now generates nearly 67% of its revenue. As Booking Holdings transitions away from agency bookings, managing payout schedules has become a more critical cash flow issue for hoteliers than traditional commission rates.

+What is the projection for global business travel spend in 2026?

Global business travel spending is projected to reach a record $1.71 trillion in 2026. Higher travel costs, rather than an increase in overall trip volume, drive this growth. Companies are becoming more selective with budgets, prioritizing high-value corporate trips alongside investments in AI-driven infrastructure projects.

+How many supplemental H-2B visas are available for fiscal year 2026?

The U.S. added nearly 65,000 supplemental H-2B seasonal worker visas for fiscal year 2026. This supply helps address hospitality labor needs, offsetting potential labor shortages caused by a decline in F-1 student visa issuances for Indian and Chinese students in 2025.