May is designated Asian American, Native Hawaiian, and Pacific Islander Heritage Month by presidential proclamation.

 

As an organization that has long represented the interests of Asian Americans in hospitality, today and every day, AAHOA is proud to celebrate the contributions of our nearly 20,000 members who own 60% of the hotels in the nation and contribute $368.4 billion to the nation's annual GDP.

 

Learn more about AAHOA's economic impact via our Oxford Study here.

 

You can also check out this website for more information and educational resources for AAPI Month.

AAHOA President & CEO Laura Lee Blake sat down with No Vacancy Podcast Host Glenn Haussman at AAHOACON23 in Los Angeles, CA, to discuss the biggest takeaways from the nation’s largest event exclusively for hotel owners.

 

“We have set record levels with our trade show. We actually sold out. It's not just that we had a few extra booths in the corner, and we repurposed them for something else,” Blake said. “We actually sold out. Almost 90,000 square feet tradeshow floor.”

 

“Thank you, Glenn Haussman, for your amazing work and support of AAHOA over all of these years, including hosting your podcast in the middle of #AAHOACON23!” Blake shared on LinkedIn. “We also loved having you as an incredible tech pitch judge at our annual tech pitch competition.”

 

Watch Blake’s interview on No Vacancy Podcast today!

The May 2023 issue is out now! This month, we're taking a close look at a wide variety of topics, with a special focus on AAHOA's rising stars including how AAHOA’s young leaders are finding success through talent, work ethic, and drive, the allure of independence for younger hoteliers, and much more.

 

Check out some of this month's featured content:

 

 

 

 

HCareers is a real-time, tech-first solution for both employers and professionals in North America's hospitality industry and has placed more than one million professionals in progressive roles within the industry since 2001. They feature more than 25,000 job listings daily and support more than 4,000 registered employers. Hcareers has revolutionized job matching. Use our score to find the BEST opportunities based on YOUR personal profile. Check out the website and get started today!

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 schedule an appointment to review your life insurance options, please visit www.calendly.com/aahoa.

From the beginning, every Amana® brand product has been made with the same core philosophy: to provide our customers with high-quality products that are reliable, meet their needs, and last longer than the rest. And we keep that philosophy firmly in mind as we build our industry-leading Amana brand Packaged Terminal Air Conditioners (PTACs) and other heating and cooling products. Amana brand PTACs are designed to simplify your business with plain-and-simple product durability and advanced energy management features, while helping you to create the best environmental experience possible for your customer. For more information, fill out our Contact Us form or check out the website.

According to a recent report, the U.S. is seeing a steady increase in hotel-related construction projects being undertaken, demonstrating continued growth and resilience in the wake of the pandemic.
(Source: Hotel Management)

During the past decade, technology-based solutions have revolutionized the hospitality industry, and there are key innovations on the horizon set to further reshape the industry.
(Source: HospitalityNet)

Thanks to fears of inflation, war in Eastern Europe, and myriad other factors, virtually every industry has been touched by concerns about the global supply chain, and restoring the reliability and predictability of those goods and services remains a key to full economic recovery.
(Source: Forbes)

Truist Securities reports, “Overall U.S. RevPAR was +5.6% y/y for the week ending 4/29/2023, per STR, down from the prior week's result of +6.6%, and below the trailing 10-week average of +7.4%. Vs. 2019, RevPAR was +12.0%, down from the prior week’s result of +17.4%, and below the trailing 10-week average of +12.9%. We note that comps have re-normalized following the Easter Holiday shift, as last week was a clean comp. Y/y RevPAR gains last week were driven by strong Group customer performance, up 10.9% y/y, which subsequently drove Upper Upscale segment outperformance (+10.9% y/y). Despite the y/y strong performance, we believe there is still continued opportunity for Group strength going forward as Group occupancy vs. 2019 was still down 9.1%. Upscale RevPAR: +9.5% y/y and +7.2% vs. 2019; Upper Midscale RevPAR: +5.4% y/y and +12.2% vs. 2019.”
For more, read the full report here, and read the China/Europe report here.