On Friday, September 7, young professional hoteliers from across the country will join AAHOA Chairman Hitesh (HP) Patel and Wyndham Hotels & Resorts executives at the Wyndham headquarters in Parsipanny, NJ. Attendees will discuss franchising, development, and the future of the brand with top Wyndham execs, including Geoff Balotti, Chip Ohlsson, and Michele Allen. Click here to register for this event or one of our other 3 upcoming Brand Development Days.
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Join us in Baltimore, MD next Tuesday, September 11 for the AAHOA Washington D.C. Area Regional Meeting. Along with a bustling trade show and informative business meeting, we'll also feature a Hotel ROI education session focused specifically on how to run a profitable hotel while expenses continue to grow. Panelists include AAHOA Secretary Vinay Patel, David Eisen of HotStats, Bill Duncan with Hilton, and Ben Seidel with Real Hospitality Group. Click here to see more details and register.
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The U.S. Department of Energy recently held the Better Buildings Summit in Cleveland, where AAHOA Vice Chairwoman Jagruti Panwala spoke on a panel about energy efficiency. If you missed the summit, you still have a chance to review the top takeaways from the event in their newest webinar: The Best of the 2018 Better Buildings Summit. Want more? Check out the Better Buildings Webinar Series every month for ideas on how to save money with energy initiatives.
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National Geographic features the story of Jayantibhai Patel and his family, and how many of the country’s motels came to be owned by Indian Americans. “Growing up in motels run by their immigrant parents, many second- and third-generation Gujaratis in the United States imbibed an entrepreneurial spirit and ethic of hard work, which they are applying to modernizing the businesses they inherited and launching new businesses of their own.” Click here to read more.
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What did you miss this week? Check out the AAHOA Facebook page to view our members doing great things! AAHOA Secretary Vinay Patel provided a legislative update at the Southern Lodging Summit, Tarun Kapoor facilitated another successful How to Develop a Hotel Workshop, AAHOA President & CEO Chip Rogers shared a forecast of the hospitality industry at the Atlanta Lodging Outlook, we launched our sold out Introduction to Modular Construction Workshop, thanked our hoteliers and the industry for banding together for Hurricane Harvey relief one year ago this week, 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're not already a member. Coming up soon:
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SunTrust Robinson Humphrey reports, “Overall U.S. RevPAR was +4.6% Y/Y for the week ending 9/1/2018, per STR, better than the prior week's result of +1.8%. Independent hotels (about 1/3rd of the data set) were +5.7% y/y. Upscale (+4.5%) was the strongest chain scale for branded hotels followed by Economy (+4.2%); Midscale (+2.7%) and Luxury (+2.7%) were the weakest with Upper Upscale (+3.8%) and Upper Midscale (+3.6%) underperformed the overall US hotel industry average.” 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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JF Capital has provided a detailed financial analysis of the trading levels, valuations, and credit statistics of the publicly traded hotel companies (both REITs and C-Corps) in the United States. Click here to see detailed supporting financial analysis for every single publicly traded hotel company, and click here for a short summary developed specifically for AAHOA members.
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 Lowe’s ProServices offers exclusive benefits for AAHOA members: AAHOA members with a Lowe’s Business Credit Account are eligible to receive 5% off by utilizing a Lowe’s Business Credit Account in store and online via www.Lowesforpros.com. In addition to the 5% off* at point of sale, AAHOA members with an existing Lowe’s Account Receivable (LAR) credit account of AAHOA are eligible to receive a 2% prompt payment discount on invoices for their LAR credit account purchases paid within terms.
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 As the world's leading provider of electronic locks, in-room safes and energy management solutions, Onity offers a full spectrum of advanced facility management technology. With an integrated range of products and a vast global support network, we provide the power of real solutions and reliable support to maximize the efficiency of your operations today and into the future. More than 22,000 hotels and resorts around the world have turned to Onity for advanced locking solutions that deliver reliable and cost-effective room security.
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 AAHOA Lifetime members receive a free Nike polo shirt when they attend the AAHOA Regional Meeting in the region in which they reside. To claim your shirt, ask for your unique promo code at registration. Click here to see a list of upcoming regional meetings.
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Katherine Lugar, president/CEO of the American Hotel & Lodging Association (AHLA), will be departing the organization later this year. Lugar has accepted a new position as president and CEO of the American Beverage Association (ABA). The AHLA officers of the board have initiated a search for her successor. (Source: Hotel Business)
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Battles over short-term rental regulations have been playing out at the municipal and state levels nationwide. New Orleans seemed at the forefront of efforts to legalize and regulate vacation rentals in 2016. Airbnb negotiated elements of the regulations and hailed them as a model — a tool for rule enforcement and taxes and fee collection. (Source: New Orleans City Business)
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Radical Innovation, a competition and year-round community that challenges designers, hoteliers and students to pioneer compelling ideas in travel and hospitality, has announced three finalists for its 12th annual edition. These three firms will compete in a live pitch presentation at the New Museum in New York City in October (Source: Hotel Management)
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AAHOA News
