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September 28, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AAHOA News
The festival of lights brings a golden chance to spotlight the blooming talent within our younger generation.
Celebrate the spirit of Diwali through the vivid lens of your child's imagination. Provide your child a grand stage where their artwork doesn't just shine but tells a story to a broader audience.
The winning masterpiece will be:
Take advantage of this unparalleled chance to blend tradition with talent, festivity, and fame. Register your child today and allow their creativity to craft not only masterpieces but also envision dreams!
This year's highly anticipated AAHOA HerOwnership Conference & Retreat, taking place November 2-3 in Dallas, TX, at The Beeman Hotel, is specifically designed to provide you with an unparalleled opportunity to enhance your professional growth and achieve new heights in your career.
Attending the HerOwnership Conference & Retreat will provide you with numerous benefits, including expanded professional networks and potential mentorship opportunities. By connecting with industry leaders, seasoned professionals, and fellow attendees, you will forge meaningful relationships that can accelerate your career progression and open doors to exciting new ventures.
In addition, look forward to various wellness activities designed to help you recharge, reduce stress, and enhance your overall well-being, ensuring you return to your professional endeavors with renewed energy and focus. Registration is now open at the brand-new MyAAHOA.com! Steps to register:
Don't delay; register today! You won't want to miss out on this year's HerOwnership Conference.
As the largest hotel owners’ association in the country, AAHOA, the Asian American Hotel Owners Association, called for ensuring cybersecurity measures are in place at hotels to prevent malicious activities like the cyberattack recently experienced by casino giants MGM Resorts International and Caesars Entertainment.
Following a ransomware attack on IHG Hotels & Resorts last year that cost hotel owners between $30,000 and $75,000 each, AAHOA called for clear lines of communication to protect franchisees who bore the brunt of revenue losses from bookings missed due to the disruptions. And in July, Choice Hotels International confirmed that guest data from its Radisson Hotels Americas chain was compromised as part of a file-transfer system hack. Most of these franchisees impacted by the cyberattacks are small business owners who cannot afford to write off unexpected losses in bookings, especially as they struggle to overcome long-standing issues like staffing shortages.
AAHOA North Pacific Charity Golf Tournament: Postponed
Due to unforeseen circumstances, the AAHOA North Pacific Charity Golf Tournament has been postponed until further notice. AAHOA leaders are actively working on rescheduling the event, and registrants will be informed as soon as a new date is confirmed. If you have already registered for this event, your current registration will automatically be transferred to the new date, and you do not need to take any action now. If the new date does not work for you, we will provide options for refunds or transfers once the new date is confirmed. Your understanding and support are greatly appreciated.
AAHOA Advocacy in Action
Member Testimonial
AAHOA Education
Join us for a fun and dynamic webinar that can help add revenue to your top line. Winning your fair share of Local Negotiated Rate (LNR) and Corporate Negotiated Rate (CNR) business is highly competitive, and there are specific strategies that are proven to work better than others. Let us show you what you can do and what you should never do! Too many hotel owners believe getting these contracts is the finish line of the race. In fact, it's just the beginning. Learn how you can make your contracts generate even more room nights through online platforms, global sales teams, travel management companies, and partnerships.
Time: 2 - 2:45 p.m. EDT
Day: Thursday, September 28
Company: Jacaruso
Panelists: Melanie Calcagno and Kate Monroe
AAHOA in the News
Featured Club Blue Member
AAHOA Members get up to 25 percent off ADP payroll and tax compliance services. Companies with fewer than 50 employees get the first month free and no set-up fees! ADP serves 585,000 clients, from the smallest to the largest businesses worldwide. Our services can help you manage your risk of tax penalties, improve your cash flow, and take advantage of available tax credits. Contact Thomas Bell (thomas.bell@adp.com) or call 973-712-3290 today to obtain a free, no-obligation quote!
Featured Member Benefit
AAHOA Members get a 25% discount on the STAR report (during the 1st year of enrollment), a15% discount on Pipeline reports, and a 10% discount on the School Break Report. Click here to view additional benefits, then contact STR at (615) 824-8664, ext. 3504 or info@str.com to get started.
Featured Platinum/Silver Partner
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, contact Byron Cortez (bcortez@amana-ptac.com) or check out the website.
Industry News
Based on recent survey data, many hoteliers remain confident in the industry's continued upward trajectory despite worries of a possible recession.
(Source: HNR Hotel News) The pandemic's interruption of supply-chains across the economy accelerated the push for tech-driven solutions to better manage operational efficiencies.
(Source: Forbes) Today's Hotelier
In the Market
Truist Securities reports, “Overall U.S. RevPAR was +1.2% y/y for the week ending 9/23/2023, per STR, above the prior week's result of +0.1%, and slightly below the trailing 10-week average of +1.5%. Versus 2019, RevPAR was +15.4%, above the prior week’s result of +12.8% and above the trailing 10-week average of +13.4%. Last week's results were affected by the timing of the High Holidays, primarily Rosh Hashanah. Sunday RevPAR was -6% y/y vs. Monday +0.6% and Tuesday/ Wednesday +3-4%. While we assume some lost demand last week due to the holidays, midweek performance was relatively decent all things considered. Upscale RevPAR: +4.2% y/y and +11.7% vs. 2019; Upper Midscale RevPAR: +1.8% y/y and +15.3% vs. 2019.”
For more, read the full report here, and read the China/Europe report here. Upcoming Events
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