Editor's Note: Some linked articles may be behind subscription paywalls.
1. UK government recovers £74 million from asylum hotels
The United Kingdom's government said it has recovered £74 million [$97.1 million] in excessive profits from companies that are running asylum hotels, the BBC reports. The Home Office found the overall cost was £2.1 billion in 2024-2025, averaging about £5.77 million per day.
Ministers said they would end the use of asylum hotels before the country's next general election, and the prime minister is seeking to move that deadline up, according to the article.
"We have already saved £700m in hotel costs. Now we are recouping millions more in excess profits. And by the end of this parliament, we will have closed every asylum hotel," Home Secretary Shabana Mahmood said.
2. Cutback in US flights starts today
The Federal Aviation Administration's order to reduce the number of flights to, out of and within the U.S. starts today, the Associated Press reports. The initial amount is 4% of flights, which will ramp up to 10% by Nov. 14 if the government shutdown continues.
The reduction in flights will affect 40 major U.S. airports, including those in Atlanta, Dallas, Denver, Los Angeles and Charlotte, North Carolina. The full list can be found here.
“We are operating today over 6,000 flights,” David Seymour, chief operating officer for American Airlines, told ABC’s “Good Morning America.” "Now we’ve had to cancel as part of this directive 220 flights today, and that will be the same number through the weekend, until we start ramping up. We have been working tirelessly throughout, around the clock, to ensure that we’re minimizing the disruption to our customers.”
3. Hyatt sees flat revenue per available room in third quarter
For the third quarter, Hyatt Hotels Corp. reported flat revenue per available room, but President and CEO Mark Hoplamazian highlighted during the company's earnings call better numbers in the U.S., reports CoStar News Hotels' Natalie Harms.
"RevPAR was flat in the quarter, but we saw improved performance in the United States, which grew by 3% compared to last year, with select service delivering positive quarterly growth for the first time in 2025," Hoplamazian said.
The company is also making progress in selling the owned real estate from its acquisition of Playa Hotels & Resorts. It sold the Playa Del Carmen in September for about $22 million.
4. US weekends hotel demand drops at Halloween
U.S. hotels reported average daily rate rose 0.4% for the week ending Nov. 1, but occupancy fell 1.6 percentage points, the 19th consecutive week of decreases, writes STR's Isaac Collazo.
"The top 25 U.S. hotel markets saw less of a RevPAR decline this week (-0.7%) versus all other markets (-3.6%) as business transient and group demand was stronger with Halloween at the end of the week," Collazo writes. "The non-top 25 markets also had to contend with difficult comps from last year’s Hurricane Helene and Hurricane Milton displacement demand."
For Oct. 31 and Nov. 1, nationwide hotel RevPAR fell 13.9% because of Halloween, with most of the decrease on the holiday itself, dropping 18.2%.
5. Airbnb reports 10% increase in sales
During the short-term rental company's third-quarter earnings call, Airbnb executives said they saw revenue grow 10% to $4.1 billion, Reuters reports. The gross booking value, a measure of host earnings, services fees, cleaning fees and taxes, was $22.9 billion.
Airbnb saw the fastest growth for nights and seats booked in Latin America, boosted by a new interest-free payment plan in Brazil. It also benefited from a 27% increase in quarterly bookings for domestic travel in Japan as well as a 50% increase in first-time users in India.
In North America, nights booked grew by the mid-single digits, a slight quarter-over-quarter increase, due in part to its new "Reserve Now, Pay Later" option in the U.S.