It’s two weeks until our 30th Anniversary celebration, and we’re pulling out all the stops! We’re kicking things off with a Welcome Reception in Petco Park, we’ll celebrate with thousands of our closest friends at a Block Party in the Gaslamp Quarter, and we’ll close with a flourish at Gala. In between, we’re offering a host of educational sessions, including a General Session CEO panel featuring some of the industry’s biggest names – Chip Rogers, Al Patel, Mehul Patel, Mitch Patel, and Jay Shah. Don’t miss it! Register today!
|
AAHOA Secretary Vinay Patel will be a guest speaker on May 7 at the Meet the Money® National Hotel Finance & Investment Conference in Los Angeles May 6-8. The event is a hospitality industry conference focused on hotel investment, finance, and value creation. It provides hotel owners, developers, investors, lenders, and others the chance to meet and connect with people they want to do business with. AAHOA Members can get $200 off by entering discount code MTM19200AAHOA when they register to attend.
|
Human trafficking is a huge problem for the hospitality industry. The International Labour Organization estimates that there are more than 40.3 million victims of human trafficking, and because of the anonymity they offer, hotels and motels are the ideal environment for traffickers to conduct their business. AAHOA is helping to lead the charge to change that. Hotel Business magazine showcased AAHOA’s efforts to end this scourge against humanity and share what hoteliers can do to stop it. Read the response here.
|
What have you missed this week? Chairman Hitesh (HP) Patel spoke at Johnson & Wales; Hitesh, Treasurer Biran Patel, Secretary Vinay Patel, and Interim President & CEO Rachel Humphrey spoke at the Radisson Conference, where Vinay and his wife, Tina Patel, won the Hotel of the Year award; the Mid Atlantic Region hosted Pennsylvania Lobby Day, and more! Check out the AAHOA Facebook page to see our members doing great things!
|
Join us for the Regional Conference closest to you for access to top vendors, incredible networking opportunities, and region-specific industry updates you won't see anywhere else. These events are open to all hotel owners, even if you're not already a member. Plus, Lifetime Members receive a free golf shirt for attending.
|
Town Halls are a great opportunity to build your professional network and to learn more about the AAHOA programs and resources available to help you strengthen every aspect of your business. These events are open to all hotel owners, even if you're not already a member. Coming up soon:
|
SunTrust Robinson Humphrey reports, “Upper Upscale (+9.8%) was the strongest chain scale for branded hotels; Midscale was the weakest at -3.0%. Upper Midscale (+1.8%) performed similar to the industry average. As we expected, last week's results showed very strong Group results due to the Easter calendar shift. We believe transient leisure was weak given the comparison against Passover/Easter on the y/y comp; however, we believe corporate demand was strong, especially Group (RevPAR: +45.0%; Occupancy: +34.9%). We also saw skewed results in select leisure markets: Miami RevPAR was -18.0%, Orlando was -6.3%, and Oahu was -7.2%. Given the calendar shift fundamentals, Upper Upscale was strong at +9.8%, whereas leisure focused chain scales underperformed (impacting in particularly the highest- and lowest-rated hotels).” For more, read the full report. Also, check out February's Hotel P&L Analyzer here.
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.
|
AAHOA Members: Get up to 25 percent off ADP payroll and tax compliance services. Companies with fewer than 50 employees get the first month free and no set-up fees! ADP serves 585,000 clients from the smallest, to the largest businesses worldwide. Our services can help you manage your risk of tax penalties, improve your cash flow, and take advantage of available tax credits. Contact Thomas Bell or call 973-712-3290 today to obtain a free, no-obligation quote!
|
Enhance your guests’ sleep performance with Simmons Beautyrest®. Our innovative hospitality and commercial bedding solutions align to meet brand requirements, from economy to luxury, providing exceptional “good, better, best” options within each category. We’ll help you deliver cost-effective and brand-defining sleep experiences that will keep guests coming back! Contact us today and let's get started!
|
Live Oak Bank offers creative capital structures for all your needs, including ground-up construction, acquisitions and conversions, renovations and upgrades, real estate purchases, working capital, and refinancing. Conventional, SBA, and USDA loans are available in all 50 states with terms up to 26 years with competitive bank rates and no prepayment penalties for loans under 15 years. Contact Rickman Davis or visit our website today to learn more.
|
Internet of Things has brought technological evolution to countless industries and the hospitality industry is no exception. The benefits of IoT are vast and varied across the hospitality industry. From personalization to surveillance, IoT has a wide-range of capability for hoteliers looking to evolve along with technology.
(Source: Entrepreneur)
|
Hoteliers in downtown Detroit are experiencing near-record-high occupancy and nightly rates. That’s a stark change from only a decade ago, when hoteliers struggled to fill even half of their empty rooms. But as the city increases the number of small and midsize hotels, the industry is facing a new challenge: How do they keep track of all the new hotels?
(Source: Detroit Free Press )
|
One of the key findings of the Young Hoteliers Summit Employer Rankings 2019 Key is that young hospitality students are motivated to work in traditional hospitality when they graduate. There was indecision as to which sector they wanted to work in, but most also reported they wanted to remain in their first role rather than change in a year.
(Source: Top Hotel News)
|
|
| |
|
AAHOA News
