This week, AAHOA released the Regional Conference and Trade Show schedule, which features eight regional events taking place starting next month and into December. A completely virtual experience, this year’s regional lineup will bring together attendees, vendors, and board members for a day of region-specific education, networking, and an interactive trade show. You don’t want to miss this series! Whether you own a hotel in one region or many, AAHOA encourages you to register for each regional conference in which you own properties. Sponsorship and exhibit opportunities are also available. Email sales@aahoa.com to learn more. Access AAHOA's Calendar of Events here.

On Tuesday, September 15, AAHOA Chairman Biran Patel shared his insights and expertise at the IMN Distressed Hotel Forum during the panel, “The Road to Recovery: State of the Hospitality Industry.” Panelists uncovered the impact of short-term rentals on the hotel industry, what service models and hotel types are most resilient in today’s market, U.S. hotel performance data, and consolidation in the industry.

The 24th Annual International African American Hotel Ownership & Investment Virtual Summit & Trade Show is taking place this week, where AAHOA Chairman Biran Patel, Vice Chair Vinay Patel, Secretary Bharat Patel, and Young Professional Director Western Division Miraj S. Patel shared their perspectives on hotel ownership, diversity in the industry, how legislation is currently affecting the hospitality industry, and perspectives from the top. Learn more. 

As Truist Securities (formerly SunTrust Robinson Humphrey) wrote, “Economy (-12.6%) was the relatively strongest chain scale for branded hotels; Upper Upscale was the weakest at -72.0%. Upscale (-55.9%) underperformed the industry average; Upper Midscale (-41.3%) outperformed. There is a lot to reflect beyond the weaker headline results, so we dig into the detail (in the note link). Most important: we now have the start of the traditional corporate travel season post-Labor Day and the initial results are not encouraging. Day-of-week results show the fall-off from weak corporate travel: Sunday (holiday) occupancy was 57.1% with Tuesday-Thursday in the mid-40s. Midweek ADR was down in the low 30s% y/y. This led to RevPAR for the midweek down in the low 60s% y/y with Luxury and Upper Upscale down in the low 80s%. These results are materially worse than the running 28 days.”