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| October 17, 2024 | ||||||||||||||||||||||||||||||||||||||||||||||||
AAHOA News
 What's Happening: The 2024 AAHOA Florida Charity Golf Tournament is taking place on Wednesday, November 6, at LPGA International in Daytona Beach, FL, the day before the Florida Hotel Owners Conference & Trade Show on Thursday, November 7! The registration fee has been reduced to just $101 per player.
Why It Matters: Participate in both of these exciting events in beautiful Daytona Beach—play a round of golf while supporting a great cause, and take advantage of valuable networking and educational opportunities at the Hotel Owners Conference! Register today and secure your spot!  What Happened: Mukesh Patel has been recognized as a Kentucky Colonel, one of the highest honors awarded by the Governor of Kentucky! This prestigious title is given to individuals who have demonstrated outstanding service and accomplishments, making a positive impact on their communities and beyond.
Why It Matters: As a Kentucky Colonel, Mukesh joins a remarkable group of individuals who serve as ambassadors of goodwill, promoting the values and traditions of the Commonwealth of Kentucky.
 What Happened: Huge congratulations to Atul Patel, founder of Open Door Hospitality, for being honored as the 2024 Innovator of the Year by the Iowa Hotel & Lodging Association!
Why It Matters: Atul's forward-thinking leadership and dedication to fostering a people-first culture set him apart. His visionary work, including the development of the Holiday Inn & Suites and Convention Center in Cedar Falls, has made a significant impact in the community, addressing key needs for a flexible and modern event space.
 What Happened: What an incredible day at the North Texas Charity Golf Tournament! A big shout-out to North Texas Regional Director Dhiren Masters and our amazing Ambassadors for organizing such a fantastic event.
Deeper Dive: More than 100 players and generous sponsors came together, making the day a huge success. Together, we raised nearly $60,000 for these impactful charities: AAHOA Charitable Foundation, Businesses Ending Slavery & Trafficking (BEST), NANU Foundation, Nora's Home, and SLPS Aastha Charities.
Thank you to all the golfers, sponsors, and volunteers who made this event a huge success! Your support is helping create positive change in our communities.
 What Happened: The North Texas Hotel Owners Conference & Trade Show was a huge success thanks to Regional Director Dhiren Masters and the dedicated Ambassadors for their efforts and commitment. With 350 attendees, 9 new member signups, and nearly $50,000 raised for PAC, this event was a tremendous success.
Deeper Dive: Attendees were privileged to hear from guest speakers, including State Representative Salman Bhojani, Neal Patel of Patel Partners, and Garrett Coppedge of the Texas Hotel & Lodging Association, who shared their invaluable insights. Their perspectives on the industry's current state and future trends provided attendees with actionable takeaways to implement in their businesses.
Coming Up: With only 2 more Hotel Owners Conferences left this year, now is the time to connect and make an impact! AAHOA's Hotel Owners Conferences and Trade Shows continue to provide impactful opportunities to forge connections with political and industry leaders who can influence positive change in the industry.
AAHOA Advocacy in Action
AAHOA Education
 Smart Hotels of the Future: Spoiler Alert -- The Future is Here!
AAHOA in the News
Featured Club Blue Member
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Featured Member Benefit
Group whole life insurance issued by MassMutual offer for AAHOA Members with special underwriting! Elect up to $250,000 with only a few health questions to determine insurability; no medical exam required! (Must be enrolled through BeneChoice.) Also available to AAHOA Members through BeneChoice – additional benefits for your employees that are made available at no direct cost to you/the owner!
Featured Platinum/Silver Partner
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Industry News
An expected decrease in construction loan costs on the immediate horizon, industry expansion appears back on track, with approximately 330,000 hotel rooms in the planning stage.
(Source: CoStar) Labor and technology challenges continue to be top-of-mind for hoteliers, but hotel investment remains strong, according to industry executives assembled at this year's installment of The Lodging Conference.
(Source: Hotel Dive)
Today's Hotelier
In the Market
As Truist Securities wrote, “Overall U.S. RevPAR was +3.8% y/y for the week ending 10/12/2024, per STR/CoStar, above the prior week's result of -7.7% y/y and above the trailing 10-week average of +1.3%. Last week's results were noisy from holiday shifts (Yom Kippur/Columbus Day) as well as the mixed demand impact from Hurricane Milton (benefit to lower-priced hotels and to regional markets away from the storm (Atlanta RevPAR: +20.6% y/y / New Orleans +35.9% vs. Tampa -9.8% and Orlando -5.3%). We expect hurricane displacement demand from residents whose homes were damaged and government/construction relief to benefit Midscale and Economy results for the foreseeable future. Upscale RevPAR: +4.0% y/y; Upper Midscale RevPAR: +5.1% y/y.”
Upcoming Events
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AAHOA South Central Texas Town Hall | El Paso, TX
