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| December 7, 2023 | |||||||||||||||||||||||||||||||||||||||||
AAHOA News
The final issue of Today's Hotelier magazine for 2023 is officially out!
This month, we turn our focus to the future of the industry, including a look at harnessing the power of technology to predict the trends of tomorrow, moving past the pandemic, and much more. In addition, we have a very special feature with AAHOA Members, Amit and Brittany Patel, who take us through the highs and lows of navigating hotel ownership together.
Don't miss out on reading the Letter from the Chairman: How current decisions can impact future outcomes, as well as the Letter from the President & CEO: Forecasting and setting realistic goals.
Read the December issue and get caught up on the latest happenings in AAHOA as we wrap up the year.
In late October, nearly 250 AAHOA Members traveled to Washington, D.C., for another annual installment of AAHOA's Fall National Advocacy Conference (FNAC). Attendance grew by more than double when compared to 2022's figures, and attendees enjoyed several days of conference programming while also getting the invaluable opportunity to meet in person with more than 200 Congressional representatives and staff members.
AAHOA's Fall and Spring National Advocacy Conferences are crucial to the association's advocacy efforts. Attendees have the opportunity to meet face-to-face with policymakers on both sides of the political aisle to champion the interests of the hospitality industry and ensure America's hotel owners are being fairly represented on the local, state, and national levels.
These conferences are instrumental in shaping the direction of AAHOA's advocacy efforts and contribute to the success of the association's mission to promote and protect the interests of the hospitality industry.
AAHOA Chairman Bharat Patel recently participated in a compelling podcast conversation with Dr. Kamal Morar. They delved into the crucial topic of health, specifically addressing the importance of testing early for metabolic syndrome and heart disease.
Their conversation highlighted the urgency for awareness, especially within the Indian American community. It's vital for everyone to understand their health risks and take proactive steps.
Here's one of the notable quotes from Chairman Patel:
“I recently was in Cincinnati, OH, at an AAHOA regional, and at the regional meeting, we had a guest speaker, Dr. Kamal, who started talking about health. His conversation really impacted me because I had a heart attack in 2019. Dr. Kamal was speaking my language. He shared how we can be health advocates and also lead the association. I think those two things can be combined. They’re not incongruent.”
The overarching message from Chairman Patel was clear – amidst the hustle and bustle of managing hotel properties, owners must not overlook their own well-being. This podcast serves as a vital platform to share this conversation, urging everyone to prioritize their health. Listen to the enlightening discussion and join the effort to spread awareness with your network.
Get ready for the most electrifying event in the hospitality world - the 2024 AAHOA Convention & Trade Show! We're turning up the excitement and taking hospitality to new heights.
We're preparing to take Orlando by storm. It's not just a get-together; it's a reunion of old pals and the chance to make a wave of new ones. At AAHOACON24, we're not just shaking hands - we're shaking up the game.
Registration for this can't-miss event is now open. Want more reasons why AAHOACON24 is the place to be? Watch this video and share it with your network. We want as many hoteliers and industry professionals as possible to get ready for the most anticipated event in the hospitality industry.
We can't wait to see you in Orlando, FL, April 2-5, 2024, for four days of education, networking, making deals on the trade show floor, and so much more!
HerOwnership
Last month, AAHOA held its second annual HerOwnership Conference & Retreat in Dallas, TX. Picking up where the inaugural event left off the year prior, the event was a sellout, with nearly 300 official registrants signing up to take part in the packed schedule of keynote presentations, panel discussions, networking opportunities, a special Barbie-themed Pink Party, and more.
You can watch this recap video to hear directly from the women hoteliers who were onsite. They share how the HerOwnership Conference & Retreat became a transformative experience, empowering them to unlock their fullest potential.
Discover firsthand the impact of the event through the words of attendees, such as:
“My hope is that they take away a new profound perspective on how to elevate themselves in their careers in their personal lives.” - Tejal Patel, AAHOA Women Hoteliers Director Western Division
“Excellent parties, excellent speakers, excellent panels.” - Purnima Patel, AAHOA Women Hoteliers Director Eastern Division
“It has been an amazing conference, the panelists, the moderators, the whole setup, so many educational seminars.” - Arti Patel, AAHOA Central Midwest Regional Director
Don't miss the opportunity to be inspired – watch the video today and join these incredible women in celebrating their achievements and aspirations!
Featured Club Blue Member
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!
Featured Platinum/Silver Partner
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.
Featured Member Benefit
All Insurance Underwriters (AIU) is a National Managing General Agency giving AAHOA Members the option to retain current Insurance Agents. We also offer all Commercial General Lines of insurance, together packaged with Worker’s compensation (where applicable) extra savings can be found. Check out the website for more information on AAHOA Member benefits, and fill out a form to contact one of our dedicated team members.
Industry News
With guests expecting an increasing level of on-property technolgy-based amenities and solutions, the hoteliers with the most forward-thinking approach to adopting new tech are finding greater success in keeping rooms full.
(Source: HospitalityNet)
Though still largely a feature of high-end hotels only, some properties are experimenting with removing their lobbies, instead opting for a more personalized method for greeting guests.
(Source: The Wall Street Journal)
According to recent data, sales of non-alcoholic adult beverages are increasing, and operators in the hospitality sector are finding that expanding their offerings accordingly can yield long-term benefits.
(Source: Forbes)
Today's Hotelier - In Case You Missed It
In the Market
Truist Securities reports, “Overall U.S. RevPAR was -0.8% y/y for the week ending 12/2/2023, per STR, slightly below the prior week's result of -0.6%, and below the trailing 10-week average of +2.7%. Versus 2019, RevPAR was +0.1%, below the prior week’s result of +18.7%, and below the trailing 10-week average of +17.0%. We have two major takeaways from last week's results.
Upscale RevPAR: +1.0% y/y and -7.4% vs. 2019; Upper Midscale RevPAR: -1.1% y/y and +3.8% vs. 2019.”
For more, read the full report here, and read the China/Europe report here.
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AAHOACON24 | April 2-5
