Hotelier Weekly
May 9, 2024
Champion PTAC, LLC
AAHOA News
  
AAHOA proudly announces the appointment of Viral Patel, Central Midwest Regional Director, and Nilesh Patel, Director at Large Eastern Division, to the esteemed 2024-2025 AAHOA Board of Directors.
 
Their extensive experience and dedication to the hospitality industry are invaluable assets, and we eagerly anticipate their contributions to AAHOA and the broader hospitality community. AAHOA extends its heartfelt congratulations to Viral and Nilesh on their well-deserved appointments to the AAHOA Board.
  
What You Need to Know
  • A lawsuit alleging excessive fees charged to business owners by Visa and Mastercard has recently been settled.
  • Businesses that accepted Visa and Mastercard credit cards from 2004 to 2019 could potentially receive a portion of a $5.54 billion settlement.
  • Act quickly: Claims must be submitted by May 21, 2024.
 
Time Is Running Out - Act Now!
Don't miss out on your opportunity to receive funds from a $5.54 billion settlement reached with Visa and Mastercard for merchants who used their credit card services between January 1, 2004, and January 31, 2019.
  
At the heart of the hospitality industry is a commitment to serving others, and that's precisely what the AAHOA Board of Directors demonstrated during their recent visit to the Atlanta Ronald McDonald House.
 
On Tuesday, May 7, the AAHOA Board and several AAHOA staff members spent an evening giving back to the community by serving dinner to families at the facility.
 
The Atlanta Ronald McDonald House is a haven for families with children receiving medical care in nearby hospitals. It offers a comforting and supportive environment where families can stay together during a challenging time.
 
After dinner, the AAHOA Board of Directors had the opportunity to tour the Atlanta Ronald McDonald House. The tour provided the Board with a deeper understanding of the critical work done by the Ronald McDonald House Charities and the impact it has on families in need.
  
The AAHOACON24 wrap video is officially out!
 
From the inaugural hotel turnaround collegiate championship competition to the block party to a historic trade show, this newly released video is packed with the most memorable moments from AAHOA’s best and biggest event of the year.
Amerifab International, Inc.
Ajmera Law Group
AAHOA Advocacy in Action
Credit card swipe fees cost the average family over $1,100 every year. And we know they cost AAHOA small businesses even more month after month, year after year.
 
AAHOA is calling on industry advocates to tell Congress that we need to see the Credit Card Competition Act (CCCA) pass with the FAA Reauthorization Act of 2024.
 
(CCCA) sponsors Senators Dick Durbin (D-IL) and Roger Marshall (R-KS) have made it clear they intend to attach the CCCA to any legislation that will receive a vote in Congress.
 
The FAA Reauthorization Act of 2024 is a package of bills that must be voted on and passed by TOMORROW, Friday, May 10.
Featured Content
AAHOA Members: CBRE has an exclusive discount code when purchasing a Hotels Research Report!

During the checkout process, use the following discount code when prompted to receive a 10% discount:  AAHOA_CBRE24
 
Take advantage of this discount code and purchase a CBRE Hotels Research Report today!
HerOwnership
  
Get ready for the Third Annual AAHOA HerOwnership Conference & Retreat! Join us on September 12-13, 2024, in beautiful Redondo Beach, CA, for two inspiring days of networking, learning, and growth tailored for women in hospitality.
 
Mark your calendars now, and stay tuned for more details coming soon! You won't want to miss this empowering event.
American Pride Bank
Charter Communications Operating, LLC
Member Testimonial

"Why wouldn’t you come to AAHOACON? This is phenomenal. The energy - everybody brings it. The vendors, the hoteliers, the AAHOA staff, I mean, everything’s phenomenal. We love coming here. That’s why we’re upfront. We’re going to be even closer to the front next year."

-Matthew Hostetler, Chief Development Officer, Red Roof

Hotel Equities
Red Roof Inn
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!
DISH Business
Panasonic
Featured Member Benefit
  
INFINITI HR is a Master Aggregator, The Professional Employer Organization for Hospitality Management© throughout all 50 states. INFINITI HR is recognized for the exceptional ability to support employer standards, mitigate employer risk and liability, while providing superior economies of scale and purchasing power for world-class, mid-range, and economy hotel properties of all sizes. For more information, visit our website, then contact Daniel Mormino (daniel.mormino@infinitihr.com) today to get started.
Featured Platinum/Silver Partner
  
Extended Stay America is a hospitality company that goes beyond the basics of just simple accommodations. We pride ourselves in focusing on long-term stays with emphasis on the right level of simplicity and functionality. To ensure we make quality connections with each one of our guests, we are determined to hire the right kind of people who have a desire to do great work, and ensure our values are passed on to you.
Red Lion Hotel Corp - Sonesta
PayRange
Industry News
Based on a recent industry survey, performance in the hospitality sector has performed close to how insiders expected it would during the first quarter of 2024, with those expectations – and the resulting reality – painting an overly optimistic picture.
(Source: HospitalityNet)
Although there remain plenty of vacancies to fill, U.S. hotels continue to add new jobs, creeping closer to pre-pandemic levels.
(Source: Asian Hospitality)
Thanks to a lethal combination of many hotels keeping sensitive guest data on file and lax digital security measures, cybersecurity remains an ongoing problem for hoteliers and guest alike.
(Source: Hotel Management)
Naylor Association Solutions
Naylor Association Solutions
Today's Hotelier

BUILDING TOMORROW TODAY 

At the conclusion of AAHOACON24 in Orlando, FL, on April 5, Miraj S. Patel officially began his tenure as AAHOA Chairman for 2024-2025. As the youngest Chair in AAHOA’s history, Patel first joined the AAHOA Board of Directors in 2019 when he was elected as the Young Professional Director Western Division, followed by his election as AAHOA Secretary at AAHOACON21 in Dallas, TX. Despite what may seem like a quick ascendency on the outside, Patel has been preparing for this moment nearly his entire life.

"I am where I am today because of AAHOA," he said, "and it’s incredibly reassuring to know the same is true for so many other AAHOA Members."

Read more

In the Market
  
Truist Securities reports, “Overall U.S. RevPAR was +0.5% y/y for the week ending 5/4/2024, per STR, above the prior week's result of -2.5% y/y and in-line with the trailing 10-week average of +0.5%. Group RevPAR at +2.5% y/y appeared fairly modest for the week following the Passover holiday (we expected more of a bounce-back in Group demand) although REITS generally provided somewhat muted expectations for April during the past few weeks of earnings calls. Midweek ADR for Upper Upscale to Upper Midscale was flattish and unimpressive to us for business transient performance. Upscale RevPAR: +0.9% y/y; Upper Midscale RevPAR: 0.0% y/y”.
 
For more, read the full report here, and read the China/Europe report here.
Upcoming Events
20 May 2024
21 May 2024
22 May 2024
23 May 2024
23 May 2024
3 Jun 2024
18 Jun 2024
9 Jul 2024
16 Jul 2024
30 Jul 2024