Kate King

It is very expensive to travel to the U.S.

Hotels are very expensive.

We know the costs have been very high to get from your hotel to the stadium where the games are being played.

depending on the city.

So this is certainly all part of the equation.

And also traveler concerns that they may encounter problems getting through customs when they get to the U.S.

or just other geopolitical concerns likely dissuaded some foreign visitors from traveling to the U.S.

for the World Cup.

Hotels that normally would be counting on a convention during this time of year, the convention stayed away because they knew the World Cup would be held in the city this summer.

And so that has maybe depressed the occupancy a little bit at these hotels.

Although I will say that the rates that hotels are getting from the World Cup matches do seem to be a bit higher.

So what they lose in occupancy, they might be picking up a bit in rate gains.

So it kind of stands to reason that there won't therefore be this huge swell in business for the surrounding restaurants and bars.

Although, of course, some of these businesses are organizing World Cup watch parties and other events tied to the World Cup.