| Archive | Subscribe | Send to a Friend | www.aahoa.com |
December 7, 2017
 AAHOA News
Last week, the Senate passed the Tax Cuts and Jobs Act, which includes several key items that AAHOA requested on behalf of its members. Most importantly, this historic tax reform creates the largest small business tax cut in decades. Fundamental changes made to the tax code with this legislation put small business owners one step closer to realizing long-awaited opportunities for economic growth and freedom.
The Arkansas Lodging Association has chosen AAHOA member Chetan "Chet" Patel as its incoming president for 2018. Patel is the first Indian American to serve in that position. Patel, who is also the CEO of Pinnacle Hotel Group in Little Rock, Ark., most recently served as vice president on the association’s board of directors. Currently, five other AAHOA members also sit on the board: Jayesh Lallu, Nayan "Nick" Nagin, Girish "Gary" Patel, Shash Goyal and Parimala "Cookie" Desai.
Events and Happenings Participate in the AAHOA Mentor Match Program
Veteran AAHOA members who are skilled and knowledgeable in their trade are encouraged to participate in the AAHOA Mentor Match program. It is a great opportunity to guide those who have just graduated from college, recently made a career change into the hospitality industry, are starting a new project, or are simply looking for additional support.
Upcoming Town Halls
Currently, there are two town hall meetings slated for the month of December. The Southwest Town Hall will be held Dec. 6 in Flagstaff, Ariz. The South Central Texas Town Hall will be held Dec. 7 in Austin, Texas.
AAHOA Education Upcoming Webinars – December 2017 Dec. 12 – American Express: Chargeback and Dispute Management Check out the AAHOA Resource Library for an archive of past webinars.
In the MarketOverall U.S. RevPAR was +1.5 percent year-over-year for the week ending Dec. 2, 2017, per STR, and down from the prior week's result of +3.4 percent. Midscale (+5.2 precent) was the strongest chain scale. Within upper upscale and luxury class hotels, group (-4.3 percent vs. -5.0 percent prior week) was softer than transient (-1.4 percent vs. +2.9 percent prior week). Tailwinds continued in most hurricane-impacted markets: Houston RevPAR was +33.1 percent, Miami was -34.6 percent (impacted by timing of Art Basel), and Orlando was +15.7 percent. Read the full report.
AAHOA partners with SunTrust Robinson Humphrey (STRH) to provide access to comprehensive analysis of current economic and market metrics for the hospitality industry. STRH is a leading, full-service corporate and investment bank dedicated to helping its customers successfully manage and grow their companies through a comprehensive range of strategic advisory, capital raising, risk management, financing and investment solutions.
Featured Platinum/Silver Member
Featured Member Benefit
|
||||
1100 Abernathy Road NE - Suite 725
Atlanta, GA 30328 (404) 816-5759 |
|