On Tuesday, August 15, AAHOA leaders took to social media to commemorate the 76th anniversary of India Independence Day.

 

This day marks the end of British rule in 1947, brought about by the Indian Independence Act of July 18 that year, and the establishment of a free and independent Indian nation. It also marks the anniversary of the partition of the subcontinent into two countries, India and Pakistan, which occurred at midnight on August 14–15, 1947.

 

"AAHOA is a vibrant community of 20,000 hoteliers, many of whom have strong ties to their Indian heritage and travel between the U.S. and India every year, whether it's to champion #hospitality on a global stage or make meaningful contributions back in #India," AAHOA President & CEO Laura Lee Blake said in a LinkedIn post.

 

"On this special day of India's Independence, I am reminded of the extraordinary journey my family, friends, and countless individuals in the #hospitalityindustry have taken to be where they are today," AAHOA Chairman Bharat Patel shared in his LinkedIn post.

 

India's Independence Day is a significant holiday for AAHOA Members, who embody the spirit of entrepreneurship and the American Dream.

AAHOA's second 2023 charity golf tournament in Aloha, OR, achieved remarkable success, leaving a positive mark on both the community and the participants. The event garnered an overwhelming response, as all available player and vendor slots were quickly filled, resulting in a sold-out tournament that showcased the Northwest region's enthusiasm and support. The tournament's success went beyond expectations, raising close to $100,000 in funds dedicated to local charities.

 

With participants and sponsors joining hands to contribute to this noble cause, the event not only showcased the community's commitment to making a difference but also demonstrated AAHOA's continued dedication to fostering positive impact. The synergy of sport, camaraderie, and philanthropy was evident throughout the tournament, making it a memorable day for everyone involved, while simultaneously creating a lasting positive influence on the local charitable organizations.

 

AAHOA has three more charity golf tournaments scheduled for the rest of the year - be sure to register for one or more today so you can network with fellow members, contribute to worthy local causes, and play at some of the country's premiere golf courses.

August is flying by, and AAHOA's peak Regional Conferences & Trade Shows season is now in full swing.

 

We have four more regionals scheduled for the remainder of August. With ample opportunity to network, discover new vendors at the trade show, and hear from prominent elected officials in the area, be sure to register for one of the AAHOA August regionals so you don't miss out.

 

Go cross-country with AAHOA this month - we hope to see you at one or more of these remaining regional events:

LendingCon was founded for one purpose: To help real estate owners increase profits and grow their portfolios.

 

The third annual LendingCon event will be held on August 23-24 at the DoubleTree Hotel SeaWorld in Orlando, FL. The theme of this year's LendingCon is "Your Platform for Financial Growth and PropTech Success" and will be centered around growing revenue, creating strategic financial resources, and using information technology (IT) to help individuals and companies buy, sell, and manage real estate.

 

AAHOA President & CEO Laura Lee Blake will be participating in a panel titled "Governmental Affairs Update on Lending & the Current Crisis," along with U.S. Congressman Bill Posey of the House Financial Services Committee, Ed Ramos of the SBA, and Nitin Shah of Embassy Bank. 

 

AAHOA is proud to be a Platinum Sponsor of LendingCon. Other AAHOA Members will be attending, so if you'd like to be one of them, make sure to register today!

How is the immigration, foreign trade, and tariffs affecting our industry? What is happening with inbound tourism? How are we going to solve our labor shortage of 900,000 job openings? What other government controls can we look for on our business? Get the answers from the people who know at Southern Lodging Summit National & State Legislative Update. Happening on Wednesday, August 23, from 10:15-11:00 a.m.

 

Panelists:

 

The Southern Lodging Summit is a two-day annual hotel conference in Memphis, TN, that provides a perfect forum for a diverse group of hospitality owners, operators, sales executives, financial institutions, architects, attorneys, and hotel company representatives to interact with industry notables and speakers. The Southern Lodging Summit is about having fun and networking with other hospitality executives.

"It's an ideal fit. Women have always traditionally been the home-keeper, hotels are home away from home for many of our guests. As a woman hotelier, we level up at something that is very much already a part of who we are."

 

On Wednesday, August 16, AAHOA hosted a webinar in conjunction with ERC Provider. The webinar, "How to Qualify and Secure the Employee Retention Credit," featured guest speaker Sunshine Chapman, President of ERC Provider, and took place from 2-2:45 p.m. EDT.

 

Some of the topics covered during this webinar included:

ERC Provider President Sunshine Chapman reviewed recent updates to the ERC and discussed how employers can qualify for the Employee Retention Credit. Along with their partners, ERC has processed over $9 billion in ERC credits.

 

AAHOA thanks ERC Provider for sharing such pertinent information with AAHOA Members.

 

Stay tuned for more webinars! The AAHOA Education department is hard at work.

With the best technology in the industry, DISH Business delivers a premium entertainment experience for properties of all sizes. EVOLVE by DISH lets your guests cast personal content, watch live TV and access the apps they love – all on your in-room TV. Get DISH to give your guests the entertainment they want at prices you’ll love. Visit the website, then contact Tyler Floyd (Tyler.floyd@dish.com) to start saving today!

At Curve Hospitality, we combine creative design solutions with our ability to manufacture and deliver contract furnishings. Our experienced hospitality interior design team works closely with clients to turn their vision into a marketable commercial product. Visit our website for more information.

AAHOA is proud to collaborate with Kennesaw State University to establish the Michael Leven and Lee Dushoff AAHOA Scholarship for Compassionate Leadership. This annual scholarship will support students seeking an undergraduate degree in hospitality management. For more on the qualifications and how to apply, please call 470-578-2206. To make a tax-deductible contribution to the scholarship endowment, please click here.

As travel has continued its strong post-pandemic resurgence, experience-based trips are among the most in demand, and providers are tailoring their offerings to meet this evolving need.
(Source: Reuters)

With the sudden explosion of employees working remotely resulting in swaths of newly vacant office space, which causes finaicial headaches for property owners, hoteliers are finding it harder to get financing as the effects of empty offices creep into other markets.
(Source: Hotels)

Quick adoption of emerging technologies, sustainability-focused efforts, and a willingness to quickly pivot and meet evolving guest preferences continue to be keys to the the ongoing succes of the independent segment of the market.
(Source: HospitalityNet)

Truist Securities reports, “Overall U.S. RevPAR was +2.0% y/y for the week ending 8/12/2023, per STR, above the prior week's result of +1.2%, and above the trailing 10-week average of +1.4%. Versus 2019, RevPAR was +13.6%, above the prior week’s result of +9.6%, and above the trailing 10-week average of +12.1%. Last week was a clean comp. Supporting our view of domestic hotel leisure trends as overall lethargic on y/y, leisure-heavy Economy and Midscale segments continue to lag other group and business transient-supported chain scales. As anticipated, last week's results show a boost to (big market) LA and overall U.S. RevPAR from Taylor Swift's Era's Tour. Upscale RevPAR: +4.2% y/y and +7.5% vs. 2019; Upper Midscale RevPAR: +1.5% y/y and +12.3% vs. 2019.”
For more, read the full report here, read the China/Europe report here, and read the P&L analyzer here.