Hotelier Weekly
June 21, 2019
AAHOA Vice Chairman Biran Patel joined other small business owners in standing with President Donald Trump during a Rose Garden announcement about the administration’s new rules governing health reimbursement arrangements (HRAs) on Friday, June 14. Patel and President Trump spoke briefly about the new health care options’ implications for hoteliers following his remarks. Read the full statement here.
AAHOA Chairwoman Jagruti Panwala and Treasurer Vinay Patel will participate in the 23rd Annual International African American Hotel Ownership & Investment Summit & Trade Show on July 24-26 in Miami. Among other issues, the educational summit, hosted by NABHOOD, is designed to look at diversity issues affecting the lodging industry. While in Miami, Vinay also will speak at the Latino Hotel Association Conference on July 23-24. The LHA event will focus on development and acquisitions in the hospitality industry.
Treasurer Vinay Patel will give opening remarks when the AAHOA Women & Young Professional Hoteliers Development Day at Hyatt kicks off Friday, June 28, in Chicago. The highlight of the event will be a panel discussion of the unique challenges women face in the industry and how to address them. Hyatt executives will share the history of the brand as well as discuss development, the company's future, and more. The event is sold out, but contact TJ Cornay or click here to be added to the wait list.
A.H. Furnico, Inc.
BDK America
Events and Happenings
What have you missed lately? AAHOA Chairwoman Jagruti Panwala spoke at the ISHA Summer Meeting, Gulf Regional Director Nick Zaver and Washington D.C. Area Regional Director Sandip Patel hosted Regional Conferences & Trade Shows in Lake Charles, LA, and Baltimore, MD, respectively, Mid Atlantic Regional Director Sanjay Patel hosted an Advocacy Day in Trenton, NJ, Lifetime Members Nila and Harish Patel hosted an event in March at their Country Inn & Suites in Beaverbrook, OH, and so much more! Check out the AAHOA Facebook page to catch up on all the great things that have taken place!
Join us for the Regional Conference & Trade Show 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:
Naylor Association Solutions
Natural Stone Gallery
In the Market
SunTrust Robinson Humphrey reports, “Upper Upscale (+3.3%) was the strongest chain scale for branded hotels; Midscale was the weakest at -0.9%. Upper Midscale (+0.3%) also underperformed the industry average. Upper Upscale was a bit stronger than the norm and we believe this was driven by a slightly stronger group week. (Some top-25 market RevPARs were relatively strong). However, the headline results indicate the continuation of the run-rate today - flat to slightly positive RevPAR with the weakest segments being the ones most impacted by supply growth (Upscale, Upper Midscale, and Midscale)." For more, read the full report. Also, check out May'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.
Alliance Laundry Systems-UniMac
Spectrum Enterprise
Featured Club Blue Member
Members get discounts on employer-sponsored medical, dental, vision, disability, and other benefits. This Association Health Plan also offers a discounted Health Savings Account (HSA) and a FREE Pharmacy Discount Card program that can garner savings of up to 75 percent on all FDA-approved prescriptions. For more information about the plans and the available discounts, contact Susana Cintron today!
Featured Platinum/Silver Member
When you choose Rinnai, you’re choosing a commitment to excellence. It’s time to give your buildings a more efficient and reliable source of hot water. Rinnai® Tankless and Demand Duo™ Hybrid Commercial Water Heating Systems supply commercial buildings with an endless supply of hot water while you save thousands in operational and life-cycle costs. Contact Dipesh Parekh, call 800-621-9419, or visit the Rinnai website to see what rebates are available.
United Insurance Agencies
Naylor Association Solutions
Featured Member Benefit
AAHOA Members can receive semi-annual hospitality survey reports directly to their email inboxes. Reports include information for positions, including general manager, front desk manager, sales representatives, housekeeping, and more for all 21 AAHOA regions, aggregated by state. Click here to view the 2019 U.S. Lodging Wage Forecast.
Industry News
When visitors come to a small town, they often seek accommodations elsewhere. There may not be much real estate available to accommodate a hotel, but towns like Ridgefield, CT, are realizing the benefits of having hotels inside city limits. The question that comes next is what will match the town's style, a big-brand hotel or a boutique property?
(Source: The Ridgefield Press)
While the hospitality market as a whole is seeing a downturn, it is predicted that medical and wellness tourism will see an increase in bookings. Hotel accommodations are crucial to those traveling for health and wellness. For example, if a patient is discharged from a hospital in a different region from home, they will need somewhere to go. This is where health and wellness can work in line with hospitality.
(Source: Medical Tourism Magazine)
The hotel industry has had a decade of expansion and growth, but it's also cyclical. Due to the cyclical nature, the hotel industry should expect a downturn, beginning with a flat 2019 and declines in 2020 and 2021. Supply outpacing demand is a key factor in this, but another factor to consider is concentration of rooms. There are 105,000 rooms planned to open in 2019 and about half of them are in 17 of the U.S.'s major markets.
(Source: Business Travel News)
IHG - InterContinental Hotels Group
Baywood Hotels
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