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| May 9, 2024 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AAHOA News
AAHOA proudly announces the appointment of Viral Patel, Central Midwest Regional Director, and Nilesh Patel, Director at Large Eastern Division, to the esteemed 2024-2025 AAHOA Board of Directors.
Their extensive experience and dedication to the hospitality industry are invaluable assets, and we eagerly anticipate their contributions to AAHOA and the broader hospitality community. AAHOA extends its heartfelt congratulations to Viral and Nilesh on their well-deserved appointments to the AAHOA Board.
What You Need to Know
Time Is Running Out - Act Now!
Don't miss out on your opportunity to receive funds from a $5.54 billion settlement reached with Visa and Mastercard for merchants who used their credit card services between January 1, 2004, and January 31, 2019. At the heart of the hospitality industry is a commitment to serving others, and that's precisely what the AAHOA Board of Directors demonstrated during their recent visit to the Atlanta Ronald McDonald House.
On Tuesday, May 7, the AAHOA Board and several AAHOA staff members spent an evening giving back to the community by serving dinner to families at the facility.
The Atlanta Ronald McDonald House is a haven for families with children receiving medical care in nearby hospitals. It offers a comforting and supportive environment where families can stay together during a challenging time.
After dinner, the AAHOA Board of Directors had the opportunity to tour the Atlanta Ronald McDonald House. The tour provided the Board with a deeper understanding of the critical work done by the Ronald McDonald House Charities and the impact it has on families in need.
AAHOA Advocacy in Action
Featured Content
HerOwnership
Get ready for the Third Annual AAHOA HerOwnership Conference & Retreat! Join us on September 12-13, 2024, in beautiful Redondo Beach, CA, for two inspiring days of networking, learning, and growth tailored for women in hospitality.
Mark your calendars now, and stay tuned for more details coming soon! You won't want to miss this empowering event.
Member Testimonial
Featured Club Blue Member
AAHOA Members, get 5 percent off all your everyday purchases when you use the Lowe’s LAR business credit card. There’s no annual fee, and you can make purchases by phone, fax, or at LowesForPros.com.
You’ll also be able to take advantage of exclusive cardholder promotions and receive discounted delivery on your purchases! Click here for more details, then contact Anthony Ruiz (Anthony.ruiz@lowes.com) to get started!
Featured Member Benefit
INFINITI HR is a Master Aggregator, The Professional Employer Organization for Hospitality Management© throughout all 50 states. INFINITI HR is recognized for the exceptional ability to support employer standards, mitigate employer risk and liability, while providing superior economies of scale and purchasing power for world-class, mid-range, and economy hotel properties of all sizes. For more information, visit our website, then contact Daniel Mormino (daniel.mormino@infinitihr.com) today to get started.
Featured Platinum/Silver Partner
Extended Stay America is a hospitality company that goes beyond the basics of just simple accommodations. We pride ourselves in focusing on long-term stays with emphasis on the right level of simplicity and functionality. To ensure we make quality connections with each one of our guests, we are determined to hire the right kind of people who have a desire to do great work, and ensure our values are passed on to you.
Industry News
Based on a recent industry survey, performance in the hospitality sector has performed close to how insiders expected it would during the first quarter of 2024, with those expectations – and the resulting reality – painting an overly optimistic picture.
(Source: HospitalityNet) Although there remain plenty of vacancies to fill, U.S. hotels continue to add new jobs, creeping closer to pre-pandemic levels.
(Source: Asian Hospitality)
Today's Hotelier
In the Market
Truist Securities reports, “Overall U.S. RevPAR was +0.5% y/y for the week ending 5/4/2024, per STR, above the prior week's result of -2.5% y/y and in-line with the trailing 10-week average of +0.5%. Group RevPAR at +2.5% y/y appeared fairly modest for the week following the Passover holiday (we expected more of a bounce-back in Group demand) although REITS generally provided somewhat muted expectations for April during the past few weeks of earnings calls. Midweek ADR for Upper Upscale to Upper Midscale was flattish and unimpressive to us for business transient performance. Upscale RevPAR: +0.9% y/y; Upper Midscale RevPAR: 0.0% y/y”.
Upcoming Events
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