Registration is now open for AAHOACON22! With leading names in the industry, insights from experts you trust, and the chance to network, learn, and make deals on the Trade Show floor, you do not want to miss this year’s event, set for April 12-15 in Baltimore, MD. Lifetime Members, don't forget: If you register by Friday, February 11, you get to attend the convention for FREE. Annual members, if you upgrade by December 31, you will be eligible to participate in the 2022 AAHOA elections without having to worry about eligibility requirements.

Register/upgrade today!

Recent changes in legislation have made the Employee Retention Credit even more complex, however, it is still available to you. The experts at Club Blue Industry Partner Leyton can help you maximize your return and ensure you are not leaving money on the table. The Employee Retention Credit has been one of the most beneficial tax credits available to hotels that have been financially impacted by COVID-19. But you need to act fast. The ERC is available only temporarily. If your business qualifies, we recommend claiming it as soon as possible. Learn more.

Truist Securities (formerly SunTrust Robinson Humphrey) reports, “Last week’s RevPAR was up against a -57.3% comparable result in 2020 vs. -58.4% in the prior week’s 2-year run-rate. On a 2-year run-rate, RevPAR was -2.7% vs. -9.2% in the prior week’s 2-year run-rate. Upscale RevPAR: +129.4% y/y and -12.5% over 2 years; Upper Midscale RevPAR: +87.2% y/y and +1.9% over 2 years. The calendar shift of Chanukah (started Sunday 11/28/21 vs. prior years Thursday 12/10/20 and Sunday 12/22/19) resulted in a somewhat easier y/y comp. While the Omicron impact to last week's results is difficult to quantify, we are of the belief that the variant will negatively impact corporate, group, and international travel in future weeks. The most recent evidence is a major healthcare conference for San Francisco shifting to virtual in January. Public company executives at our conference last week did not point to any major U.S. cancellations for 1Q22 but anticipated a challenged 1H22 for business travel. The virus situation is obviously fluid and expectations were not particularly bullish. Events that maintain live attendance in early 1Q22 may risk considerable media blowback if there is an outbreak and corporations are also receiving negative media coverage for recent outbreaks at live offices including in NYC.”