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December 21, 2023 | ||||||||||||||||||||||||||||||||||||||
AAHOA News
In December 2023, AAHOA launched HYPE Ownership: Helping Young Professionals Evolve, an initiative dedicated to fostering the growth and success of emerging hoteliers within AAHOA and across the broader industry.
Young Professionals bring a youthful dynamism that provides a fresh perspective to the workplace and hospitality businesses. As the hospitality landscape becomes increasingly competitive, these professionals possess the skills and innovation to elevate AAHOA and help our industry evolve with the times.
WATCH the newly released HYPE Ownership promo video and get fired up for the upcoming HYPE Conference.
Prepare to be inspired as HYPE sets the stage for growth, learning, and invaluable networking opportunities, all against the backdrop of the vibrant city of New Orleans. Don't miss this chance to be a part of history in the making and chart your course toward a successful career in the hospitality industry with HYPE at Harrah's in New Orleans! Register today!
AAHOA has officially released an infographic containing the findings from a survey AAHOA sent to members regarding the proposed Choice Hotels/Wyndham merger.
A couple of notable data points from the infographic:
To read more of the findings from this impactful survey, click here.
AAHOA Greater Los Angeles Area Regional Director Naresh (ND) Bhakta joined Craig Sullivan, Founder and President of the California Lodging Investment Conference (CLIC), for an interview on the CLIC Connect podcast on December 14, 2023.
The conversation covered various topics, including the impact of AAHOA in California, legislative matters, union discussions, and labor issues in the hotel industry. Bhakta emphasized the importance of educating lawmakers about the challenges hoteliers face, particularly in California. He also shared statistics about the economic contributions of AAHOA Members in the state.
Bhakta also discussed the creation of the Greater Los Angeles Area region within AAHOA, the challenges faced by hoteliers in Los Angeles, and the efforts to engage with city councils to address industry concerns.
Watch the full interview with Mr. Sullivan and Mr. Bhakta to hear everything that was discussed.
AAHOA Upper Midwest Regional Director Kalpesh Joshi Meets with Illinois Congressman Jonathan Jackson
AAHOA Upper Midwest Regional Director Kalpesh Joshi met with Illinois Congressman Jonathan Jackson (D-IL) for dinner to discuss a myriad of topics on December 16, 2023.
Joshi was joined by Upper Midwest Ambassador Jagmohan Jayara and discussed some of the most pressing issues within the hospitality industry, such as increasing SBA lending limits from $5 million to $10 million, how the H-2C Visa program could potentially assist with the current labor shortage in the industry, property taxes, and other regulations that affect hoteliers and small business owners.
This engagement reinforced relationships with policymakers, highlighting AAHOA's commitment to advocating for its members and driving positive industry changes.
AAHOA Advocacy in Action
HerOwnership
Read the e-book from Hotel Management that highlights just a bit of the content from AAHOA’s 2023 HerOwnership Conference & Retreat, held November 2-3 at The Beeman Hotel in Dallas. Nearly 300 registrants signed up to take part in the packed schedule of keynote presentations, panel discussions, and networking opportunities over the two-day event.
AAHOA President and CEO Laura Lee Blake opened the conference with a moving message. “In this room, I see leaders, innovators, and trailblazers. You are shaping the landscape of this industry, and you are rewriting the narrative of what women in this industry can achieve,” she said.
AAHOA in the News
Featured Club Blue Member
AAHOA Members, get 5 percent off all your everyday purchases when you use the Lowe’s LAR business credit card. There’s no annual fee, and you can make purchases by phone, fax, or at LowesForPros.com.
You’ll also be able to take advantage of exclusive cardholder promotions and receive discounted delivery on your purchases! Click here for more details, then contact Anthony Ruiz (Anthony.ruiz@lowes.com) to get started.
Featured Member Benefit
AAHOA Members get a 25% discount on the STAR report (during the 1st year of enrollment), 15% 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
Wyndham Hotels & Resorts makes travel possible for all. From big cities and small towns to beachfront resorts and highway hotels, our 24 iconic brands bring a diverse perspective to the travel experience. With friendly service, thoughtful amenities, and a range of options for the everyday traveler, Wyndham will be there to welcome you wherever you go.
Industry News
AI, sustainability, DEI, remote work's continuing effect on travel, and much more are among the key drivers of change and growth in hospitality for the coming year.
(Source: HospitalityNet) According to a recent poll of 2,000 workers, only 44% of those employed in the hospitality industry feel adequately prepared for retirement and occupy the highest percentage of workers expecting to rely on family members during that time.
(Source: Yahoo! Finance) Today's Hotelier
In the Market
Truist Securities reports, “Overall U.S. RevPAR was +5.8% y/y for the week ending 12/16/2023, per STR, above the prior week's result of +3.3%, and above the trailing 10-week average of +2.5%. Versus 2019, RevPAR was +41.9%, above the prior week’s result of +17.0%, and above the trailing 10-week average of +19.2%. Last week's lodging results were ADR-led from urban markets, particularly late-in-the-year Group demand. San Francisco (RevPAR +59% y/y) benefitted from the American Geophysical Union conference. Las Vegas also had strong results throughout the week including from the UFC bout on Saturday the 16th, even though Las Vegas Group RevPAR was -21% y/y last week. Upscale RevPAR: +6.7% y/y and +40.0% vs. 2019; Upper Midscale RevPAR: +2.5% y/y and +34.9% vs. 2019.”
For more, read the full report here, and read the China/Europe report here. |
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