AAHOA Chairman Hitesh (HP) Patel was a guest panelist at the 2019 Diversity & Inclusion Conference in Philadelphia on March 25-26. Hitesh joined other minority association directors on the Minority Hotel Association President’s Roundtable panel, where he discussed the importance of unity, especially when advocating on behalf of the industry. They also discussed how the brands can do more to promote their diverse franchisees by including them on franchise advisory committees and in decisions made by brands.
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AAHOA Chairman Hitesh (HP) Patel will be on The All-Star panel during the General Session at the My Place Hotels Convention at the Hard Rock Hotel San Diego on April 24. The My Place event runs partially concurrent with the 2019 AAHOA Convention & Trade Show, and My Place has partnered with AAHOA to co-host a Young Professional Hoteliers Reception at its convention on April 25 and to welcome its owners to #AAHOACON19.
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AAHOA's story is made up of the stories of thousands of hoteliers living out the American Dream. As part of our 30th anniversary, we are collecting the stories of the people who make AAHOA great – people like you. Glenn Haussman's No Vacancy podcast will be broadcasting live from the 2019 AAHOA Convention and we're asking you to stop by the booth to share with Glenn how AAHOA helped you grow your business and how you’ve seen the organization evolve over its 30 years.
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AAHOA’s charitable season teed off Tuesday with the Southwest Regional Charity Golf Tournament in Chandler, AZ. Southwest Regional Director Imesh Vaidya and the Southwest Regional Ambassadors hosted the event at the Ocotillo Golf Club. The tourney benefited the Pediatric Cancer Research Foundation and the East Valley Firefighters and gave players a great chance to network. Two more charitable golf events are slated for this year, so check AAHOA's website and sign up to help us make a difference.
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What have you missed this week? We held our first charity golf event and our second Regional Conference in Arizona, we co-sponsored a legislative event in California, our Chairman sat on a panel at a diversity conference in Philly, we held Town Halls in several Regions, including ones in Little Rock, San Antonio, and Salt Lake City, and so much more! Check out the AAHOA Facebook page to view photos of our members doing great things!
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The Southwest Regional Conference & Trade Show took place Monday in Phoenix. Hosted by Southwest Regional Director Imesh Vaidya and the Southwest Regional Ambassadors, it was the second regional of the year for AAHOA and the Region. Christine Mackay, director of Community and Economic Development for the city of Phoenix, was the guest speaker and gave attendees an update on area trends and opportunities. An event is coming your way. Check AAHOA's website and register to attend.
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AAHOA is hosting 30 Regional Conferences across America in 2019. Join us at the one nearest you for access to top vendors, networking opportunities, and region-specific updates. These events are open to all hotel owners, even if you're not already a member. Plus, Lifetime Members receive a free golf shirt for attending.
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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, “Economy (+1.2%) was the strongest chain scale for branded hotels; Luxury was the weakest at -3.6%. Midscale (+0.3%) and Upper Midscale (+0.7%) performed roughly in line with the industry average. Last week's results were largely reflective of a tough holiday comp: Good Friday/Passover/Easter took place starting on the weekend of March 30, 2018, thus pushing corporate demand (especially group) into the week of March 18, 2018. The tough group comp was evident with Group RevPAR of -8.0% last week, y/y. Occupancy still remains negative to slightly positive across the industry. The only relatively decent performers last week were the non-branded hotels; Independents' RevPAR was +2.5% (we believe driven by lower-rated hotels).”
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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Dell empowers business owners to use technology to realize their dreams. Now, the computer technology giant has partnered with AAHOA to bring members savings of 30 percent to 40 percent off the everyday price on their systems and Dell-branded electronics and accessories! Visit www.dell.com/AAHOA to shop or call 800-757-8442 today. Please mention you are an AAHOA Member and use Member ID 530002735094.
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When you choose Rinnai, you’re choosing a commitment to excellence. It’s time to give your buildings a more efficient and reliable source of hot water. Rinnai® Tankless and Demand Duo™ Hybrid Commercial Water Heating Systems supply commercial buildings with an endless supply of hot water while you save thousands in operational and life-cycle costs. Contact Dipesh Parekh, call 800-621-9419, or visit our website today.
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New company name, same expert team! AAHOA Members, get preferred access to the market's best rates and terms. Non-recourse bridge and permanent loans, as well as refinance and acquisition hotel loans are available. LTVs up to 75 percent off with potential for cash-out. Contact Rushi Shah for a no-obligation pre-approval.
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FEBC International recently released a report that shows overall growth in the hospitality industry from 2009 to 2018. The findings show that the hospitality industry is growing at an unprecedented rate, including statistics that show how Millennials, on average, took 3.5 vacations in 2017.
(Source: Top Hotel News)
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Real estate is no longer just about ‘location, location, location.’ It’s about ‘experience, experience, experience.’ Hospitality does not just mean hotel anymore: The hospitality industry is impacting the office property sector, the residential property sector, and the retail property sector. So says David Berg, partner, Infinity Real Estate.
(Source: Thrive Global)
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The Hunter Hotel Investment Conference gathered in Atlanta March 22-24, and topics included the market outlook and administration policies. The sentiment was positive in general, noting that the industry appears to be in an upcycle that should continue.
(Souce: Hospitality Net)
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