This week, AAHOA leaders attended the 2023 HITEC Conference in Toronto, Canada, taking place from June 26-29.

 

Presented by HFTP (Hospitality Financial and Technology Professionals), HITEC showcases hundreds of the industry's most innovative solution providers - from start-ups to big name brands - demonstrating the technology tools that support the breadth of hospitality operations. Paired with a top-tier education program, planned and presented by the industry's top experts, the result is an event to begin the search for technology solutions. 

 

On Monday, June 26, Immediate Past Chairman Neal Patel (2022-2023) participated as a speaker in an education session called "The Workforce Focus Has Shifted: Recruitment, Retention, and Work Life Balance." The session was about industry leaders sharing their thoughts on how technology can be used to help recruit and retain quality employees by building a people-first work culture.

 

On Tuesday, June 27, AAHOA Chairman Bharat Patel participated in the HITEC Headliner education session, "International Perspectives - Tech Future Proofing: Planning For The Global Traveler," in which an esteemed panel of executives shared their first-hand observations and real-world experiences. This interactive panel featured a dynamic and live discussion format to proactively tackle the questions and challenges of today’s complex technology landscape and how to prepare for the global traveler coming to your property.

 

Check out Chairman Bharat Patel's LinkedIn post expressing his excitement and gratitude about participating in the HITEC Conference. "Hospitality Financial and Technology Professionals (HFTP®) has been a long-time supporter of AAHOA’s mission," Patel says in his LinkedIn post. "We’re thrilled to be in attendance at #HITEC2023, where thousands of #hospitality professionals, executive decision-makers, and industry investors from over 60 countries are discussing technology trends, best practices, and solutions."

This momentous occasion marked Prime Minister Modi's first state visit, and his pivotal joint address to Congress at the U.S. Capitol, symbolized the strengthening of India's relationship with the United States.
 
The hotel industry has historically offered countless opportunities for entrepreneurial pursuit to a significant number of first- and second-generation immigrants from India, enabling them to realize the American Dream.
 
As the nation with the highest population globally and serving as a pivotal junction within the Indo-Pacific region, India assumes a pivotal role on the global platform and stands as a valuable ally to the United States.
 
"As a member of the Indian diaspora, it has been an honor to welcome Prime Minister Modi to the U.S. and strengthen the relationship between our countries," AAHOA Chairman Bharat Patel said in a LinkedIn post.

 

AAHOA is proud to have leaders who are so committed to representing not only this associaiton, but the hotel industry at such historical events.

Kalibri Labs, a data science leader in hotel performance analytics and benchmarking, announced a groundbreaking initiative, which will be supported by multiple industry associations, that will revolutionize the approach of hoteliers in a market dominated by digital disruption.

 

In a strategic collaboration, Kalibri Labs and leading industry associations including AAHOA, HFTP, and HSMAI, will launch the first-ever Commercial Strategy Certification Program. This announcement follows the recent release of "Demystifying the Digital Market & Guide to Commercial Strategy", published in partnership with Hotel Business, a market leader in delivering insights to owners and operators. The new certification program will provide practical tools and techniques to hotel operators faced with increasing challenges of operating profitably in a marketplace with rapidly rising costs.

 

In a LinkedIn post, AAHOA Chairman Bharat Patel expresses his enthusiasm for this partnership, stating, “AAHOA is honored to partner with Kalibri Labs and other esteemed industry associations to help make this Commercial Strategy Certification Program a reality. This certificate program will help many hoteliers navigate the evolving world of digital customer acquisition.”

1. Mandated Vendors: Brands should not mandate specific vendors when there are multiple vendors selling goods of comparable quality at comparable prices.
2. Rebates: Brands should disclose all vendor "rebates," which can also be called "discounts," "refunds," or "allowances," and should be returned to Franchisees through appropriate accounts.
3. Loyalty Programs: Brands should reasonably compensate Franchisees when the brand sells loyalty points for cash and then allows travelers to stay at hotels owned by Franchisees.
4. New Fees: Brands should not unilaterally or arbitrarily impose new fees on Franchisees that were not disclosed in the official Franchise Disclosure Document (FDD) without the approval of the Franchisees or a properly elected Franchise Advisory Council (FAC).

 

 

 

 

 

 

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!

AAHOA is proud to collaborate with Kennesaw State University to establish the Michael Leven and Lee Dushoff AAHOA Scholarship for Compassionate Leadership. This annual scholarship will support students seeking an undergraduate degree in hospitality management. For more on the qualifications and how to apply, please call 470-578-2206. To make a tax-deductible contribution to the scholarship endowment, please click here.

O’Connor is the largest property tax consulting firm in the United States. O’Connor’s team of professionals possess the resources and unparalleled market expertise in the areas of property tax, cost segregation, and commercial and residential real estate appraisals. Their proven solutions continue to help taxpayers reduce their annual property tax rates. To learn more information about potentially reducing your property taxes, visit their website at www.hotelpropertytaxconsultant.com.

Occupying a space somewhere between a traditional hotel room and home sweet home, hometels are showing great potential to upend the industry, offering an eco- and guest-friendly alternative to the standard hospitality model.
(Source: Yahoo! News)

Thanks to advances in robst property management systems, hoteliers are uncovering and addressing inefficiencies in their properties in new ways.
(Source: Hotel Technology News)

Without the expansive online presence offered by the brands, independent properties have to get creative when attempting to capture as many direct bookings as possible.
(Source: 4Hoteliers)

Truist Securities reports, “Overall U.S. RevPAR was -0.1% y/y for the week ending 6/24/2023, per STR, below the prior week's result of +1.5%, and below the trailing 10-week average of +2.6%. Vs. 2019, RevPAR was +12.2%, above the prior week’s result of +11.1%, and similar to the trailing 10-week average of +11.9%. We believe the rise of Juneteenth as a work holiday for many was impactful to lodging demand last week and anecdotal conversations with hotel owners suggest that Monday business travel was down as a result. That said, Monday occupancy was down a moderate 4% for Upper Upscale and 5% for Urban suggesting less impact than some other federal holidays. Upscale RevPAR: +2.2% y/y and +7.2% vs. 2019; Upper Midscale RevPAR: +1.5% y/y and +14.1% vs. 2019.”
For more, read the full report here, and read the China/Europe report here.