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July 5, 2024 | ||||||||||||||||||||||||||||||||||||||||||||||||
AAHOA News
AAHOA applauds the U.S. Supreme Court's landmark decision to overturn the 1984 Chevron U.S.A., Inc. v. Natural Resources Defense Council, Inc. case. This decision will provide for judicial oversight over federal regulatory actions.
The Supreme Court, in overturning the 1984 law, now says that the courts, and not government agencies, are better qualified to make these decisions. "Agencies have no special competence in resolving statutory ambiguities," Supreme Court Chief Justice John Roberts wrote in the court's decision. "Courts do." AAHOA supports the ruling overturning a 1984 decision, informally known as the Chevron doctrine, that directed lower courts to defer to federal agencies when laws passed by Congress are unclear. Many business groups believe administrative agencies have used Chevron to increase their power and uphold onerous regulatory burdens for the last 40 years.
A new month means a new issue of Today's Hotelier magazine.
The July issue is full of insightful and informative stories, including the cover story Partnering for Progress, which showcases Congressman Shri Thanedar's journey from arriving in the U.S. at the age of 24 to becoming a prime example of the American Dream.
Click the link below to access the digital edition of the July 2024 issue of Today's Hotelier!
The Big Picture: In response to the recent tragedy in Oklahoma City, which resulted in the passing of hotel owner and AAHOA Member Hemant Mistry, AAHOA is committed to providing immediate access to educational resources on handling challenging guests and sensitive situations.
AAHOA Chairman Miraj S. Patel also discussed these efforts in an interview on Fox26 News in Houston, emphasizing AAHOA's dedication to using this tragedy to honor Hemant's memory and enhance member education.
What's Next: On Thursday, July 18, an AAHOA Webinar, "Essential Training for Hotel Owners: Managing Guest Misconduct and Ensuring Safety," will be hosted by Todd Seiders, CLSD, Director of Loss Control at Petra Risk Solutions. This webinar will be an invaluable resource for hotel owners and managers looking to protect their businesses, ensure a safe environment, and navigate complex legal situations with confidence.
As we enjoy the 4th of July holiday this week, AAHOA is excited to get back on the road for next week's Hotel Owners Conferences & Trade Shows.
AAHOA's Hotel Owners Conferences & Trade Shows have something for everyone. We invite all hospitality professionals to join us and seize this valuable opportunity.
AAHOA Advocacy in Action
Featured Content
What's New: Through new partnerships with CoStar and AHLEI, AAHOA now offers its members exclusive discounts to access a suite of educational offerings for members and their staff.
Deeper Dive:
HerOwnership
AAHOA announced that registration is NOW OPEN for the Third Annual HerOwnership Conference by AAHOA!
What Happened: The Hospitality Women's Innovation Council, comprising of hotel brand executives and innovators including former AAHOA Women Hoteliers Director Eastern Division Lina Patel (2017-2023), found that only 20% of hotel professionals believe current technology stacks sufficiently support efficiency and guest care.
Key Findings:
Industry Insight:
AAHOA Education
Your hotel's market value is not its taxable market value. There is a difference. Most hotel owners, management companies, tax assessors, and consultants do not know the difference. That's why most hotel owners pay more in property taxes than they should be.
Join us and learn:
Do you look at accounting reports as only being needed for taxes? If you do, maybe it’s because you’re often on property and handling day-to-day purchases and decisions. You know what’s coming in and going out. It might surprise you to learn that the most successful hotel owners, with portfolios of all sizes, know something about accounting that others do not.
Learn how following industry standard accounting can positively affect your business, help you make more profitable decisions, and see exactly where you can improve while also making it easier to get assistance when you need it the most.
This webinar will cover:
AAHOA in the News
Featured Club Blue Member
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.
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
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
According to a recent Mews survey, more than three-quarters of all travelers express a strong preference for completely automated front desk or self-service technologies when staying at a hotel.
(Source: HospitalityNet) After several consistent weeks of strong performances, the arrival of the Juneteenth holiday in the U.S. marked a slowdown in hotel occupancy during a summer that has otherwise been quite strong.
(Source: CoStar) Today's Hotelier
In the Market
As Truist Securities wrote, “Overall U.S. RevPAR was +6.9% y/y for the week ending 6/29/2024, per STR, above the prior week's result of -2.3% y/y and above the trailing 10-week average of +1.9%. As we expected, last week was positively impacted by strong business travel (Group RevPAR: +26% y/y) as last week was in between two holiday-impacted weeks (Juneteenth the week prior and July 4th this week). Adding to the calendar shift impact is the timing of both holidays being in the middle of the workweek. We anticipate sharply reduced business travel in next week's data set, a net headwind given group is the strongest travel segment today (and leisure is the weakest). Upscale RevPAR: +8.2% y/y; Upper Midscale RevPAR: +5.4% y/y.”
Upcoming Events
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