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May 11, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AAHOA News
National Travel and Tourism Week (NTTW) is this week, May 7-13. The travel industry plays an indispensable role in driving economic growth, bringing guests from all over the world to stay at hotels, and supporting communities across the country.
Take a look at some of the data that showcases how travel moves hospitality and the U.S. forward:
For more incredible data on how travel and AAHOA Members are a critical component to the economic vitality of America, check out the following resources:
In a number of ways, Laura Lee Blake, president and CEO of AAHOA, is the perfect person to lead the hotel owners association. Blake grew up in a small town in Iowa, part of a “strong and loving family” in a close-knit, very religious community. That mirrors the upbringing and current lifestyle of many of the group’s nearly 20,000 members and provides a common frame of reference for Blake and the members to start from.
“It was just a perfect upbringing,” Blake said. “I see a lot of that in the AAHOA community and how they interact. They have these discussions about how their parents grew up in villages next to each other and I can relate, growing up in a small town in Iowa like that, where we have a lot of similar kinds of connections.”
Another major connection Blake has with AAHOA’s Members is being inspired by a parent’s experience in business—often that parent’s feeling of not having a voice or not being heard. In Blake’s case, it was her father, who owned a General Motors franchise in rural Iowa.
North Pacific Regional Director Ankit Panchal hosted his first town hall meeting on Thursday, May 4, in Milpitas, CA, where more than 125 attendees gathered to hear from esteemed speaker Assemblymember Alex Lee and Congressman Ro Khanna.
Assemblymember Lee recognized AAHOA and interacted with members on bills that would benefit hoteliers. One such bill, introduced by Lee earlier this year, is Assembly Bill 2164. If passed, it would allow small enterprises to have funds to get CASp reports and resources to be compliant with ADA standards.
“Hospitality has been targeted by frivolous ADA drive-by lawsuits, and bills like this can help protect our assets and our industry,” Panchal said.
Lee also gave an update on Project Room Key as well as updates on several other initiatives to tackle issues related to the displaced community.
Furthermore, those in attendance were honored to hear from Congressman Khanna, who gave insight into his work to help hotel owners succeed.
“Congressman Khanna acknowledged AAHOA as a friend. He is very proud of AAHOA Members, acknowledging that many started from small motels and now own big luxury brands,” Panchal said.
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 Advocacy in Action
Member Testimonial
AAHOA Education
On Tuesday, May 2, The American Association of Franchisees and Dealers (AAFD), the Coalition of Franchise Associations (CFA), and AAHOA jointly hosted a call for webinar attendees to listen in on a discussion with the Federal Trade Commission.
AAHOA had the privilege of being joined by the Honorable Lina Khan, Chair at the Federal Trade Commission, and the Honorable Rebecca Kelly Slaughter, Commissioner at the Federal Trade Commission. Additionally, each of the three hosting organizations' leadership made statements and asked questions of our guests.
Nearly 1,000 registrants tuned in. It was an excellent opportunity for current and future franchisees to hear from FTC leadership on how they have focused attention on using the FTC’s authority to improve oversight and education within the franchise industry.
Stay tuned for more exciting events, virtual and live, from AAHOA Education.
AAHOA in the News
Featured Club Blue Member
As North America’s leading hospitality procurement services provider, Avendra offers AAHOA Members competitive pricing from its 800+ supplier contracts. Earn huge savings on engineering, rooms operations, administrative, replacement FF&E, and more! Check out the website or call 866-AVENDRA and start saving today!
Featured Member Benefit
All Insurance Underwriters (AIU) is a National Managing General Agency giving AAHOA Members the option to retain current Insurance Agents. We also offer all Commercial General Lines of insurance, together packaged with Worker’s compensation (where applicable) extra savings can be found. Check out the website for more information on AAHOA Member benefits, and fill out a form to contact one of our dedicated team members.
Featured Platinum/Silver Partner
At Curve Hospitality, we combine creative design solutions with our ability to manufacture and deliver contract furnishings. Our experienced hospitality interior design team works closely with clients to turn their vision into a marketable commercial product. Visit our website for more information.
Industry News
Artificial intelligence, instant messaging, robotics, and smart tech are among the newer offerings many hoteliers are turning to in an effort to streamline operations, boost the bottom line, and improve the guest experience.
(Source: VentureBurn) Three-plus years after the start of the pandemic, the country is grappling with inflation and an uncertain economic future, and securing financing has been added to the list of challenges facing hoteliers expanding their portfolios or entering the industry outright.
(Source: CoStar) Today's Hotelier
In the Market
Truist Securities reports, "Overall U.S. RevPAR was +8.4% y/y for the week ending 5/6/2023, per STR, up from the prior week's result of +5.6%, and above the trailing 10-week average of +7.1%. Vs. 2019, RevPAR was +13.3%, up from the prior week’s result of +12.0%, and above the trailing 10-week average of +12.9%. Last week was a clean comp. We note a slight improvement in w/w RevPAR growth, mainly driven by strong and continued Group customer performance (up 19.3% y/y vs. prior week's +10.9%). Despite the y/y strong performance, we believe there is still continued opportunity for Group demand growth going forward as Group occupancy vs. 2019 was still down 7.5%. Upscale RevPAR: +11.6% y/y and +5.9% vs. 2019; Upper Midscale RevPAR: +9.0% y/y and +12.8% vs. 2019.”
For more, read the full report here, read the China/Europe report here, and read the hotel P&L analyzer here.
Upcoming Events
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