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October 19, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AAHOA News
The second annual AAHOA HerOwnership Conference & Retreat is just 15 days away. This event isn't just your typical conference; it's an experience, a gathering of incredible women hoteliers, engaging discussions, and opportunities like no other. With anticipation building and preparations in full swing, Team AAHOA has a special treat for you. Watch the new promo video for the HerOwnership Conference & Retreat, and get a taste of the excitement that's about to unfold.
Space is limited, and this event will sell out. Secure your spot today!
On Saturday, October 14th, several dedicated AAHOA Members raised $8,500 to support Team Payal's Smile. This initiative, held in memory of AAHOA Member Montu Patel's sister, Payal Patel, who tragically lost her battle with brain cancer, took place during the National Brain Tumor Society’s Fourth Annual Race for Hope 5k Walk/Run in Philadelphia, PA.
The participation of AAHOA Members exemplified the strength that the community can bring to charitable endeavors.
The National Brain Tumor Society is committed to conquering and curing brain tumors. The organization is also the largest patient advocacy program in the U.S. committed to curing brain tumors.
Montu Patel, a dedicated AAHOA Member and the driving force behind Payal's Smile team, expressed the significance of raising awareness and research funds.
"You wouldn't believe how small the charity is but how large of an impact it has in D.C., and how instrumental it is to get research funding to help find treatment options for brain cancer and different types of brain tumors,” Patel said. “The same standard of care that was there 30 or 40 years ago is the exact same standard of care that is there today. Almost every other type of cancer has advanced in its standard of care, but brain cancer has not hit those same stepping stones of discovery and the new standard of care to help patients have a better and longer quality of life."
On Friday, October 13, AAHOA Chairman Bharat Patel addressed a group of students enrolled in the Hotel Management class at the University of South Carolina (USC). This presentation marked a unique and significant opportunity for aspiring young professionals to gain insights from a seasoned industry expert.
During his presentation, Patel delved into the significance of AAHOA, shedding light on the remarkable work the association has accomplished on a national, state, and local level. This opened students' eyes to the game-changing initiatives shaping the hospitality industry while emphasizing AAHOA's pivotal role in driving progress forward.
One of the highlights of Patel's presentation was his guidance on how students could enhance their marketability in the hospitality job market. His invaluable insight provided students with a roadmap for pursuing a successful career in the field.
“You can start your journey in a number of ways. One is learning the metrics and figuring out the capital statistics,” Patel shared. “This is one of the industries where you can move up and eventually become the owner or CEO. The key thing here is hospitality.”
AAHOA Advocacy in Action
Featured Content
Time: 2-2:45 p.m. EDT
Day: Friday, October 20 Company: Denton Panelists: Raja J. Patel and Michael J. McGee The government is demanding your information! Join this webinar to learn how new, continuous reporting obligations will affect over 30 million businesses in the United States, including yours. Congress has enacted the Corporate Transparency Act of 2024 to increase transparency and accountability in the reporting of everyone who benefits from ownership in a corporate entity. Company ownership and financial structures are more complex and connected than ever before. This can lead to illegal financial activities, like money laundering, tax evasion, and fraud. Simply put, the new legislation requires businesses to report who their beneficial owners are. The new legislation goes into effect on January 1, 2024, and there can be significant consequences for not reporting. Take advantage of this webinar and learn how new reporting rules will affect your hotel(s) and other businesses. Time: 2-2:45 p.m. EDT
Day: Wednesday, October 25 Company: Denton Panelists: Raja J. Patel and Michael J. McGee Learn about a new SmartHub solution that can flow highly profitable non-room revenue directly to your bottom line, instantly improving the value of your hotel. SmartHubs in your parking lot or mounted to your building can co-locate EV charging stations with 5G "densification" technology to create long-term lease income for hotel owners.
HerOwnership
Prepare to be inspired by our dynamic keynote speakers at HerOwnership! These remarkable women, each hailing from diverse backgrounds and experiences in various industries, will open up about their personal journeys, the invaluable lessons they've acquired, and how they ignite the spark in our audience to dream bigger, effect change, and make their mark on the world.
Register today so you don't miss out on hearing from these incredible keynote speakers!
Member Testimonial
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
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.
Industry News
Technology has the power to shape countless facets of the hospitality industry, and the properties leveraging innovations intelligently are creating positive guest experiences, improving operations, and bolstering the bottom line.
(Source: HospitalityNet) A sophisticated SMS-based form of fraud is increasing in frequency across the hospitality industry, with hackers essentially contacting properties via numbers that charge the responder for each message sent.
(Source: Security Boulevard) Today's Hotelier
In the Market
Truist Securities reports, “Overall U.S. RevPAR was +0.8% y/y for the week ending 10/14/2023, per STR, below the prior week's result of +5.2%, and below the trailing 10-week average of +2.1%. Versus 2019, RevPAR was +13.5%, below the prior week’s result of +18.4%, and below the trailing 10-week average of +14.6%. Last week was a continuation of a tough comp due to the holiday shift of Yom Kippur (for the comparable week in 2022 of Oct 9-15, Group RevPAR was +80.6% y/y). We also note softer leisure demand this year on both the Columbus Day and non-holiday weekends. RevPAR y/y was down ~3-4% last Friday/Saturday for Luxury, Resorts, and Economy. Upscale RevPAR: +1.8% y/y and +7.3% vs. 2019; Upper Midscale RevPAR: +0.5% y/y and +14.0% vs. 2019.”
For more, read the full report here, and read the China/Europe report here. Upcoming Events
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