AAHOA welcomed nearly 8,000 attendees and 500+ exhibiting companies to AAHOACON23, which took place April 11-14 in Los Angeles, CA. AAHOACON23, also known as the “Super Bowl” of hospitality events, broke various records, including the largest trade show in AAHOA’s 34-year history.

 

AAHOA thanks its members, exhibitors, industry partners, and the following key brands for helping to make AAHOACON23 a record-breaking event:

Franchising has been a feature of American capitalism for decades, allowing brands to grow quickly using investment from entrepreneurs who commit their own capital in exchange for a business plan and a logo that consumers might recognize. The Federal Trade Commission requires Franchisors to disclose factors including start-up costs and the company's financial performance to those considering buying a franchise, and some state laws govern considerations like transfer rights.

 

But much of the relationship is largely unregulated — changes a Franchisor can make to contracts, for example, and which vendors can be required.

 

Laura Lee Blake, the chief executive of the 20,000-member Asian American Hotel Owners Association, said hoteliers had reached desperation. “There comes a point when you’ve tried and tried to meet with the Franchisors to ask for changes, and they refuse to listen,” she said.

AAHOACON23, where nearly 8,000 attendees experienced the largest trade show in AAHOA’s 34-year history, hosted a successful CEO panel discussion during the first day of General Session. The powerhouse panel included Best Western Hotels & Resorts President & CEO Larry Cuculic, G6 Hospitality President & Interim CEO Julie Arrowsmith, Red Roof President George Limbert, Sonesta EVP, President of Franchise & Development Keith Pierce, and Wyndham Hotels & Resorts President & CEO Geoff Ballotti.

 

Are you having trouble keeping up with the latest drive by litigation for ADA website accessibility? Frustrated that there aren't enforceable website accessibility regulations? Learn about trends in website litigation, best practices for enhancing the accessibility of your website, and what you can do to minimize your potential liability.

 

 

 

 

 

 

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.

Group whole life insurance issued by MassMutual offer for AAHOA Members with special underwriting! Elect up to $250,000 with only a few health questions to determine insurability; no medical exam required! (Must be enrolled through BeneChoice.) Also available to AAHOA Members through BeneChoice – additional benefits for your employees that are made available at no direct cost to you/the owner! To learn more, visit AAHOA.com/lifeinsurance. To schedule an appointment to review your life insurance options, please visit www.calendly.com/aahoa.

PMC Commercial Trust offers conventional and SBA loan programs for the acquisition, refinancing, renovation and construction of businesses with commercial real estate throughout the country as principal lenders. PMC has been granted Preferred Lender (PLP) status from the SBA, which allows for a faster turn-around time at the SBA. Since the early 90’s, PMC’s focus has been on the hospitality industry, assisting start up individuals as well as multi property owners in obtaining the financing that best fits their needs. Visit the website, then contact Kristi Lewis-Hodge (loans@pmctrust.com) to get started.

With technologies like ChatGPT continuing to dominate headlines, hoteliers are getting in on the trend and finding that implementing cutting-edge tech solutions can pay dividends down the road.
(Source: Bizz Buzz)

When compared against February 2023, hotels, on average, reported better performances in average daily rate (+19.1%) and revenue per available room (+14.4%), though occupancy experienced a slight dip (-4%).
(Source: Hotel Management)

WIth guests expressing an increasing interest in seeing sustainability efforts implemented in hotels, many properties are navigating the balance between delivering on expectations while avoiding a negative bottom-line impact.
(Source: National Geographic)

Truist Securities reports, “Overall U.S. RevPAR was +6.6% y/y for the week ending 4/22/2023, per STR, down from the prior week's result of +8.6%, and below the trailing 10-week average of +8.2%. And, vs. 2019, RevPAR was +17.4%, slightly up from the prior week’s result of +17.1%, and above the trailing 10-week average of +12.9%. Last week's results reflected easy comps due to the April holiday shifts in 2019/2022/2023. Easter Sunday fell at the start of 2022's and 2019's comparable weeks, resulting in high Group-driven RevPAR growth in 2023 (Group RevPAR was +47.1% y/y vs. running 28-day average of +8.9%, and +40.9% vs. 2019 compared to running 28-day average of -8.2%). Upscale RevPAR: +13.0% y/y and +14.1% vs. 2019; Upper Midscale RevPAR: +7.1% y/y and +15.3% vs. 2019.”
For more, read the full report here, and read the China/Europe report here.