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April 25, 2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
AAHOA News
Unite. Innovate. Elevate.
The AAHOA Regional Conferences & Trade Shows are getting a makeover! Now called AAHOA Hotel Owners Conferences & Trade Shows, AAHOA has reimagined these events from the ground up. These changes will bring fresh new ideas and opportunities for current and prospective AAHOA Members.
Reasons to attend:
Stay tuned for more exciting updates about the AAHOA Hotel Owners Conferences & Trade Shows, reinvented and rebranded for 2024.
Join AAHOA's dynamic leadership team! We're currently seeking a dedicated individual to fill the vacant board seat for AAHOA Director at Large Eastern Division.
Are you passionate about representing the interests of hotel owners? Do you possess the skills and vision to drive impactful change within the hospitality industry? If so, we invite you to apply now! Take the next step in your leadership journey and help shape the future of AAHOA. Eligible members who reside in the Eastern Division are encouraged to apply.
Candidates for the 2024-2025 Director at Large Eastern Division shall be governed by the AAHOA Bylaws and Governance Policy provisions set forth here.
The nomination period closes at 11:59 p.m. EDT Friday, April 26, 2024.
Almost 90% of hotel owners pay more in property taxes than they should. This is because your hotel's market value is not its taxable value. Most hotel owners, management companies, tax assessors, and consultants do not know the difference.
Discover a way to potentially reduce your property taxes and build your net operating income.
Join us to hear from Abraham Tieh, director of national commercial property tax, O'Connor & Associates.
The webinar takes place from 2-2:30 p.m. EDT, Tuesday, May 7.
Congratulations to ChandraKant (CK) Patel, AAHOA Past Chair (2010-2011), who has been named this year’s recipient of the American Association of Franchisees & Dealers’ (AAFD) Total Quality Franchising Award for Lifetime Achievement.
Patel will receive the AAFD’s highest individual recognition in acknowledgment for a lifetime of embracing collaborative relationships in franchising. Patel will be honored at the AAFD’s Total Quality Franchising Awards banquet on Tuesday, May 7, during the AAFD’s Annual Franchisee Leadership Summit, May 5-8, at the Marriott St Louis Grand, in St. Louis.
"For the past 25 years or more, CK has been at the forefront of efforts to advance fair franchising in the hospitality industry,” said Robert Purvin, Chairman of the AAFD. "We are proud to recognize and honor his many years of service representing the rights of franchisees. Over the years, the AAFD has benefited greatly from CK’s support and guidance.”
AAHOA Advocacy in Action
Member Testimonial
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
Champion PTAC manufactures full lines of proprietary PTAC solution systems for the hotel, condominium, apartment, and residential markets. With more than 25 years’ experience in the commercial construction industry, Champion-PTAC brings to the commercial and residential markets for the first time leak-free PTAC systems with its patented and proprietary Champion-PTAC Wall Sleeve Design and Condensate Pellet Delivery System. Champion-PTAC’s delivery systems are backed by their 100% leak-free guarantee. Visit the website for more information to get started!
Featured Platinum/Silver Partner
At Sonesta International Hotels, we open our doors and welcome the world. We offer service with a passion, loyalty with a purpose, and a commitment to the many faces—new and familiar—that stay with us. The human side of hospitality is the core of our culture. Our mission is to wow every guest, team member, partner and community in which we operate by delivering quality, value and amazing hospitality.
Industry News
Though bookings in NCAA college basketball tournament host cities were expected to increase greatly, most greatly outperformed their 2023 counterparts, providing further evidence of travel-based tourism's key role in market growth.
(Source: CoStar) According to recent industry research, hotels in direct proximity to a beach are projected to experience steady growth during the coming decade, though the reshaping of certain coastlines due to climate change will play a key role in long-term the viability of individual investments.
(Source: Globe Newswire) Today's Hotelier
In the Market
Truist Securities reports, “Overall U.S. RevPAR was +1.2% y/y for the week ending 4/20/2024, per STR, below the prior week's result of +5.8% y/y but above the trailing 10-week average of +0.6%. On what appeared to be a clean comp week, we focus on two areas. For Midscale/ Economy, we see possible evidence of the tough y/y comp flipping/easing. Midscale RevPAR was -0.1% and Economy was down (just) 3.5% y/y. By comparison in 1Q24, Midscale was -4.5% and Economy was -7% y/y. For full-service hotels, we thought Group was a bit light at +3.4% y/y as last week should have benefited from the Passover calendar shift. Upscale RevPAR: +1.4% y/y; Upper Midscale RevPAR: +0.3% y/y”.
Upcoming Events
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