Earlier this week, industry experts from across the country gathered at AAHOA's headquarters to discuss the impact of the labor shortage on the hospitality industry at the first Today's Hotelier Roundtable, sponsored by Access Point Financial. Keep an eye out for a recap in the October issue of Today's Hotelier magazine. Participants included Hitesh (HP) Patel, Chairman, AAHOA & President, Capital City Hospitality Group; Chip Rogers, President & CEO, AAHOA; Keith Cline, President & CEO, CorePoint Lodging; O’Mally Foster, VP of Culture & Talent Resources, Vision Hospitality Group; Heesteh Patel, President, Neves Investments; Dinesh (Dan) Rama, Partner & Managing Director, NewGen Worldwide; Ricky Raman, COO, PeachState Hospitality; Azim Saju, Managing Member, HDG Hotels; and Jyoti Sarolia, COO, Ellis Hospitality LLC & Chairwoman, Choice Hotels Owners Council.
AAHOA will host two regional meetings next week: one on July 30 in Des Moines, IA, and the other on August 1 in Irving, TX. Congressman David Young (Iowa District 3) and Iowa Lodging Association's Craig Walter will join us in Des Moines. Special guest speakers for the North Texas event include Irving Mayor Richard Stopfer and Justin Bragiel with TH&LA. Register for these and other upcoming regional meetings here.
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What did you miss this week? Check out the AAHOA Facebook page to view photos of our members doing great things! This week, we opened registration for our upcoming HR Compliance workshop, AAHOA Upper Midwest Regional Director Kalpesh Joshi hosted a successful regional meeting in Minneapolis, AAHOA Southeast Texas Regional Director Sawan Patel participated in a business roundtable, AAHOA hosted the first Today's Hotelier roundtable, and more.
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Town halls are a great opportunity to build your professional network and to learn more about the AAHOA programs and resources available to help you strengthen every aspect of your business. These events are open to all hotel owners, even if you are not yet a member. Coming up soon:
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Join us for the regional meeting closest to you for access to top vendors, incredible networking opportunities, and region-specific industry updates you won't see anywhere else. These events are open to all hotel owners, even if you're not already a member. Plus, Lifetime Members receive a free Nike polo shirt for attending.
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SunTrust Robinson Humphrey reports, “Luxury (+4.6%) was the strongest chain scale for branded hotels; Upper Midscale was the weakest at +1.9%. Midscale (+2.2%) also underperformed the overall U.S. hotel industry average. Two weeks post-July 4th, it is possible that last week's data reflected a very small lingering benefit from the July 4th calendar shift. Group RevPAR exceeded Transient by 430 bps last week. The other major takeaway from last week's results was that Luxury continues to be the outperforming chain scale, which we attribute to the 'wealth effect.' For the month of July, we estimate that full-service branded domestic hotels (the typical Hilton [HLT, $80.49, Buy], Hyatt [H, $79.90, Hold], or Marriott [MAR, $130.02, Hold] hotel) will finish at approximately +2-3%. We estimate that the overall industry will finish approximately +0-1%." For more, read the full report.
AAHOA partners with SunTrust Robinson Humphrey (STRH) to provide access to comprehensive analysis of current economic and market metrics for the hospitality industry. STRH is a leading, full-service corporate and investment bank dedicated to helping its customers successfully manage and grow their companies through a comprehensive range of strategic advisory, capital raising, risk management, financing and investment solutions.
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In 2016, Haier Group acquired GE Appliances. Being a part of this large global organization provides GE Appliances with additional resources to continue to innovate and sell our products internationally. GE Appliances includes wholly-owned subsidiary FirstBuild, a global co-creation community and state-of-the-art microfactory located in Louisville, Kentucky. FirstBuild's open innovation platform ensures that our best ideas and new products for today's modern home reach consumers faster.
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AAHOA has partnered with CBRE to supply state and region specific bench marking, trend, and forecasting data during the Business Meeting for all of our Regional Conferences this year. Please click here to see a listing of all our Regional Conferences so you won’t miss this must have information.
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A new report by J.D. Power pinpoints an area of improvement for the hospitality industry. Satisfaction of the hospitality industry increased from 2017 to 2018, but hotels need to focus on service offerings. The guest happiness with service is improving at a slower rate according to the report. (Source: Travel Pulse)
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In an effort to combat sexual assault, hotels in Miami Beach are providing housekeepers with a panic button. The safety measure was approved unanimously by the city commission and will go into effect on August 1, 2019. (Source: Seattle Times)
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Marriott International will integrate the loyalty programs of Marriott Rewards, Starwood Preferred Guest, and The Ritz-Carlton Rewards all into one platform. David Flueck, senior vice president of loyalty at Marriott International, says 70 percent of its properties will cost the same or be less expensive under the combined program. (Source: Business Traveller)
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