|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
July 11, 2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AAHOA News
What Happened: The AAHOA Community is deeply saddened by the passing of AAHOA Past Chair Manhar P. (MP) Rama on Sunday, July 7, at the age of 74. An icon in the hospitality industry, MP served as AAHOA Chairman from 2005 to 2006. Rama is preceded in death by his brothers, Dinu (D.P.) and Jayanti (J.P.) Rama, AAHOA Past Chairman, who passed away in February of 2022. He is survived by his wife, Surekha; children, Sima and Vinay Rama; brothers, AAHOA Founder Hasmukh P. (HP) Rama and Raman P. (RP) Rama; and sisters, Madhu Vivek, Hansa Deva, Pushpa Lala, and Pravina Thakor.
The Big Picture: MP was a mentor and advocate for young professionals, providing invaluable guidance to many, including AAHOA Chairman Miraj S. Patel. MP's memory and contributions to AAHOA and the hospitality industry will forever be a blessing.
What's Next: Funeral services will be held at 11 a.m. Saturday, July 13, at Faith Assembly in Orlando, FL. Services will be live-streamed at https://faithassembly.org/live.
What Happened: The Northeast Hotel Owners Conference & Trade Show was a huge success! Shoutout to Regional Director Preyas Patel for his outstanding leadership and the Ambassadors for their incredible planning and hard work.
All in the Numbers: Welcoming nearly 200 attendees, the event gained 14 new members and raised over $50,000 toward the AAHOA PAC fund.
More Details: Special thanks to Rep. Carlos González (D-MA), Springfield Mayor Domenic Sarno, Chris Pappas, President & CEO of Massachusetts Lodging Association, and Anthony Gullini, Hampden County District Attorney for joining us as esteemed guest speakers.
What Happened: Hurricane Beryl made landfall near Matagorda, TX, on Monday at 4 a.m. CDT. The National Oceanic and Atmospheric Administration reported ongoing threats of storm surge, hurricane-force winds, and flash and urban flooding.
Here to Help: To assist our members who live in the region, AAHOA has put together a list of resources. Some of these resources apply to all areas of the country as we enter the peak months for hurricanes and tropical storms. Many AAHOA Member-owned hotels are located on or near the path of hurricanes, making preparedness a top priority. We encourage all hoteliers to have a plan in place and to use AAHOA as a resource to protect their families, guests, and properties from the impact of hurricanes.
AAHOA is here to support you.
What Happened: AAHOA expresses significant concerns over the recent U.S. Supreme Court ruling in the case of the City of Grants Pass, OR, v. Johnson et. al., which criminalized outdoor sleeping.
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!
AAHOA Education
UPCOMING WEBINAR: Essential Training for Hotel Owners: Managing Guest Misconduct and Ensuring Safety
2-2:45 p.m. EDT, Wednesday, July 17, 2024
Join us for a meaningful training session dedicated to helping AAHOA Members navigate and handle sensitive situations with guests.
This special webinar is held in honor of the late Hemant Mistry, a beloved AAHOA Member who tragically passed away in June following a confrontation with a guest. In his memory, and to further protect the lives of hotel owners everywhere, we aim to provide a comprehensive overview of your rights as a business owner and the laws that can help you address and manage challenging behaviors.
Join us for a fun and dynamic webinar that can help add revenue to your top line. Winning your fair share of Local Negotiated Rate (LNR) and Corporate Negotiated Rate (CNR) business is highly competitive and there are specific strategies that are proven to work better than others. Let us show you what you can do and what you should never do! Too many hotel owners believe getting these contracts is the finish line of the race. In fact, it's just the beginning. Learn how you can make your contracts generate even more room nights through online platforms, global sales teams, travel management companies, and partnerships.
AAHOA in the News
Featured Club Blue Member
Unlock future-ready entertainment and ROI with hotel entertainment technology from DISH Business. Seamlessly integrate live TV, streaming services, and casting capabilities through OnStream, guaranteeing an immersive guest experience. Maximize revenue potential by leveraging advertising, promoting amenities, and attracting group bookings, ensuring ROI while delivering memorable guest experiences. Built to adapt to your existing infrastructure, there's no reason to delay - tap into the possibilities with DISH Business today! Visit our website to get started.
Featured Member Benefit
No Vacancy with Glenn Haussman is the travel industry’s most exciting podcast. It's a fun, fast-paced, genre-bending program that peels back the veneer of the travel business. Click here to subscribe to the No Vacancy Podcast.
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.
Industry News
When compared against 2023's figures, May 2024 demonstrated growth in several key aspects of industry performance, including increased occupancy, ADR, and RevPAR, with the latter marking its best showing since March 2023.
(Source: HospitalityNet) Due to ongoing financing challenges for new developments, much of the next phase of industry growth is projected to come from investment-minded operators acquiring established properties.
(Source: CoStar) Today's Hotelier
In the Market
As Truist Securities wrote, “Overall U.S. RevPAR was -0.4% y/y for the week ending 7/6/2024, per STR, below the prior week's result of +6.9% y/y and below the trailing 10-week average of +2.1%. Last week demand was leisure-led due to July 4th on Thursday (the holiday was on a Tuesday last year). In our review of holiday performance toward the end of the week, we considered the results lethargic though "could have been worse". Performance by chain scale was uneven with Luxury far outperforming Economy/Midscale: the bifurcation of domestic leisure travel behavior today. There was also city-specific impact to the Gulf Coast from the approaching Hurricane Beryl. Upscale RevPAR: -1.6% y/y; Upper Midscale RevPAR: -2.4% y/y”.
Upcoming Events
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||