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| November 7, 2024 | |||||||||||||||||||||||||||||||||||||||||||||||||
AAHOA News
 Get ready to celebrate the next generation of hospitality leaders! The "35 Under 35" award will launch at the 2025 AAHOA HYPE Conference to spotlight young professionals shaping the future of hospitality. These trailblazers—under 35 and already making waves in hotel ownership, management, associations, and hospitality brands—are setting new standards in innovation, leadership, and dedication.
Ready to elevate the industry? Join us in honoring the leaders who are driving it forward!
Click the link below to nominate a young professional today!
 Step into an exclusive opportunity created just for AAHOA Members and hotel owners to explore development possibilities with Marriott. Join us for this full-day forum designed to connect you directly with Marriott leadership and to uncover investment potential in top brands like Aloft Hotels, Element Hotels, Fairfield Inn, SpringHill Suites, City Express by Marriott, and StudioRes.
Event Highlights
- Date: December 5, 2024
- Time: 8:30 a.m.-5 p.m.
- Location: Sheraton Dallas, Dallas, Texas
 Day 1 of the AAHOA November 2024 Board Meeting is open to AAHOA Members via a Zoom listening session.
See the details below for how to join the Zoom meeting:
*Ensure you have your AAHOA Member ID ready, as this will grant you access to the meeting.
 What's Happening: In the hospitality industry, passion and drive are the keys to success—and AAHOA Members are taking these qualities beyond the hotel doors! From serving on government boards to taking on leadership roles in their communities, they’re proving that hoteliers have what it takes to lead not just in business but also in public service.
Deeper Dive: Meet Mihir (Mark) Pankaj, the newly elected mayor of Paris, TX, and Vimal (Ricky) Patel, who has been appointed to the Louisiana Economic Corporation (LEDC) Board. Their stories remind us of the power of advocacy and how staying engaged makes a difference.
Click the link below to learn about their journeys, challenges, and why it's time for hoteliers to step off the sidelines and lead.
AAHOA Advocacy in Action
Featured Content
AAHOA, the world's largest hotel owners association representing nearly 20,000 hoteliers, congratulates President-elect Donald Trump and Vice President-elect JD Vance on their victory in the 2024 U.S. Presidential Election.
"On behalf of America's hotel owners, we extend our heartfelt congratulations to President-elect Trump and Vice President-elect Vance," said AAHOA Chairman Miraj S. Patel. "Our industry has faced tremendous challenges in recent years, and we are encouraged by the incoming administration's commitment to championing pro-business policies that prioritize small business growth, reduce regulatory burdens, and build pathways for economic resilience. We look forward to working with the new administration to implement policies that support workforce development, drive tax relief, and foster a thriving hospitality sector."
What You Need to Know
Time Is Running Out - Act Now!
The claim deadline has been extended! Take advantage of your opportunity to receive funds from a $5.54 billion settlement with Visa and Mastercard for merchants who used their credit card services between January 1, 2004, and January 31, 2019. In order to be eligible to vote on April 16, 2025, you must satisfy the following requirements:
Reminders:
AAHOA Education
AAHOA in the News
Featured Club Blue Member
HBO, the oldest and most award-winning premium channel in the U.S., is offering AAHOA Members the chance to earn money back. Members get a rebate of $9 per room (5-year contract) or $7 per room (3-or 4-year contract) when they add or renew HBO at their properties. Click here today to complete the rebate form and get started.
Featured Member Benefit
INFINITI HR is a Master Aggregator, the Professional Employer Organization for Hospitality Management©, throughout all 50 states. It is recognized for its exceptional ability to support employer standards, mitigate employer risk and liability, and provide 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
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
An entire industry is bracing for potential fallout from New York's pending Safe Hotels Act, which introduces numerous provisions required for hotel operation in the city and could lead to adoption in other cities.
(Source: JD Supra) Providing perhaps the best apples-to-apples look at the industry's overall health, the third week of October demonstrated clear growth with more than 1.3 million hotel rooms sold when compared against the same time period in 2023.
(Source: CoStar) While the spike in pure leisure travel in the post-pandemic economy has largely leveled off, other groups – including the return of group and business travel – are continuing to drive bookings.
(Source: HOTELS) The owner of a hotel management company was convicted of massive fraud last week and faces a recommended sentence of 20 years in prison and a $5 million fine for knowingly deceiving investors. The case serves as a warning to anyone looking to invest in unproven companies and leaders.
(Source: United States Attorney's Office)
Today's Hotelier
In the Market
As Truist Securities wrote, “Overall U.S. RevPAR was +3.1% y/y for the week ending 11/2/2024, per STR/ CoStar, below the prior week's result of +9.3% y/y and above the trailing 10-week average of +2.2%. We assume some business travel was pulled into the week prior to Election Day, although Group RevPAR was somewhat surprisingly flattish. That said, there were tough y/y Group comps in some large markets such as Atlanta and Las Vegas. We treat the calendar shift of Halloween to a Thursday from a Tuesday as probably net-neutral to the weekly results. Last week's data also reflects the continued hurricane displacement demand impact to Houston (RevPAR +13% y/y) and Tampa (+45%). Upscale RevPAR: +4.5% y/y; Upper Midscale RevPAR: +4.1% y/y.”
Upcoming Events
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AAHOA Florida Hotel Owners Conference & Trade Show | Daytona Beach, FL
