In these unprecedented times, AAHOA will conduct its election for the 2020-2021 Board of Directors via remote voting. It is critically important that every voter has logged into their MyAAHOA account to check voter eligibility and ensure it includes their mobile number and a unique email address. Both are required to receive a ballot. Please prepare for our 2020 election and log into MyAAHOA today!

Come join North Carolina Regional Director Akshat Patel and local host Jay Trini Patel at the 2020 Charlotte Charity Golf Tournament on August 1-2 at The Golf Club at Ballentyne in Charlotte, AAHOA's first in-person event in several months. These fun-filled two days of competitive golf are being held on one of North Carolina's premier courses and will benefit 11 charities, including Second Harvest Food Bank, USO of NC, Foundation for Girls, Jamie Kimble Foundation for Courage, and Toys for Tots. Because the well-being, health, and safety of all attendees is AAHOA's No. 1 priority, all necessary precautions are being taken to provide a safe environment. Register today as a player or sponsor and help us make an impact.

AAHOA Chairman Biran Patel, Vice Chair Vinay Patel, Treasurer Nishant (Neal) Patel, and President & CEO Cecil P. Staton will be among the featured speakers Sept. 21-24 when the 26th annual Lodging Conference kicks off at the JW Marriott Desert Ridge Resort & Spa in Phoenix, AZ. The event brings together the hotel industry's most influential owners, operators, presidents, CEOs, and dealmakers to strategize about development, finance, franchising, management, construction, design, and operations. The gathering is not just a conference, it's a Think Tank, where everybody in attendance has the opportunity to join in the conversation, discuss issues, and solve problems. This year's conference is expected to sell out as it has the past six years in a row, so register today!

Due to the recent spike in COVID-19 cases in several states, the ALIS Summer Update Series is being converted into a virtual series, with the leadoff event being New York Virtual Event on July 13. AAHOA Chairman Biran Patel will be a featured panelist in both the Nashville (July 16) and Dallas (July 20) virtual events, the former of which AAHOA President & CEO Cecil P. Staton will moderate. To participate, you will have to register for each webinar individually. Registration for the ALIS Summer Update virtual series is free, so register for as many programs as you would like. 

Hoteliers all over the nation are prepping their properties for the welcome return of guests and staffs. To help in that endeavor, AAHOA’s Industry Partners are offering many exclusive discounts, promotions, and resources designed with our members in mind. Check out our Exclusive Deals page to learn more about the members-only deals available from AAHOA’s Industry Partners. We’re sure you’ll find some that are just right for you!

AAHOA continues to host virtual events around the country. The virtual event series is designed to help hotel owners remain connected with AAHOA Officers, board members, staff and each other during the COVID-19 pandemic. Make plans to join us for this and other upcoming virtual events. You also can visit the virtual events archive to view past recordings in their entirety.

In the wake of the impact of COVID-19 on the hospitality industry, AAHOA is bringing you a series of webcasts that will keep you informed and help determine next steps for your business. We have educated more than 20,000 hoteliers to date and feature more than 110 webcasts separated by category in our library. AAHOA is making these webcasts available to the industry, so be sure to share with those in your network, whether they're an AAHOA Member or not. 

 

Register Now for These Upcoming Webcasts: 

• Getting Back to Business: STR Update on the Impact of COVID-19 on U.S. Hotel Performance, 3-3:30 p.m. EDT Friday, July 10
• Getting Back to Business: Supply Chain Update and Cost Optimization Guidance, 3-3:30 p.m. EDT Tuesday, July 14
• Getting Back to Business: Discrimination and Other Workplace Concerns, 1-1:30 p.m. EDT Wednesday, July 15
• Getting Back to Business: Maximizing CARES Act Benefits, 1-1:30 p.m. EDT Thursday, July 16
• Getting Back to Business: Success Strategies, Part 1 – Service Through High Tech & Low Touch, 3-3:30 p.m. EDT Thursday, July 16
• Getting Back to Business: Economic & Market Update, 1-1:30 p.m. EDT Friday, July 17
• Getting Back to Business: CA Hotels - Property Tax Disaster Relief, Prop 13, and Reassessment, 3-4 p.m. EDT Monday, July 20
• Getting Back to Business: Hotel Marketing to Rebuild Demand and Win Guests Back, 1-1:30 p.m. EDT Tuesday July, 21
• Getting Back to Business: Tangible, Tactical Business Generation Ideas for Hotels, 1-2 p.m. EDT Wednesday, July 22
• Getting Back to Business: Property Tax Valuations - Strategies to Mitigate Your Tax Expenses, 1-1:45 p.m. EDT Thursday, July 23
• Getting Back to Business: Success Strategies, Part 2 – Increase Productivity with Cross Functionality, 3-3:30 p.m. EDT Thursday, July 23
• Getting Back to Business: Success Strategies, Part 3 – Building and Revising Budgets in an Evolving Market, 3-3:30 p.m. EDT Thursday, August 6

SunTrust Robinson Humphrey reports, “Economy (-21.3%) was the relatively strongest chain scale for branded hotels; Luxury was the weakest at -66.4%. Upscale (-48.2%) underperformed the industry average; Upper Midscale (-37.3%) outperformed. The good news is the headline y/y RevPAR loss improved materially from the prior week. We view this change driven in some respects by pent-up July 4 leisure demand, especially in the higher-rated chain scales. Beyond the headline, lodging trends are far more mixed.”

 

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 https://www.dell.com/AAHOA to shop or call 800-757-8442 today. Please mention you are an AAHOA Member and use Member ID 530002735094.

AAHOA Members, 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 the Rinnai website to see what rebates are available.

AAHOA Members can receive monthly reports that track and compare the valuation levels, trading levels, and credit profile of each of the U.S. publicly traded Hotel C-Corps and Hotel Real Estate Investment Trusts. It includes pro forma adjustments for any announced acquisitions, dispositions, financings, and other corporate actions. All data is based on publicly available information, including equity research analyst estimates. Contact Jonathan Falik for more info.

Occupancy is likely to remain low for the forseeable future, which means hotels with furloughed employees are running into an employment issue. While occupancy is low, many employees are not needed. But severance packages can be sizeable if furloughs become permanent layoffs.

The Paycheck Protection Program was slated to end on June 30, but it has been extended to August 8. The extension was granted after about $130 billion in PPP funds were left over after the June 30 deadline.

The hotel industry's recovery is predicted to take about two years. Factors that will drive recovery include the belief that COVID-19's impact will last until at least Q1 2021 and delayed under-construction properties, among other reasons.