AAHOA leadership and members, along with several thousand industry executives, descended on Los Angeles this week for the 2022 Americas Lodging Investment Summit. AAHOA was well represented on several panel discussions during the four-day event, which featured networking, meetings, presentations, and much more. There was a pervading sense of optimism and resilience among attendees in the face of an ongoing recovery, thus complementing the conference's theme, "Turning the Page." 

Each year, AAHOA honors hoteliers for their contributions to the hospitality industry and the past nearly two years have indeed revealed generosity, perseverance, and greatness. Do you know a hotelier who you feel has gone above and beyond in their efforts? If so, now is the time to nominate him or her for one of seven AAHOA awards to be bestowed at AAHOACON22 in Baltimore. The deadline to submit nominations is February 11, and you do not need to be an AAHOA Member to submit a nomination.

Hoteliers, are you tired of paying too much in property taxes? COVID-19 is changing the way property taxes are being assessed and calculated for hotels, and you need to know what these changes are. If your hotel has high operating costs, but your revenue is down, join us at 1 p.m. EST Wednesday, February 2, to learn ways to lower your real estate taxes, both land and building, that could save you thousands of dollars. Register today.

The first Regional Conference & Trade Show this year is the Central Midwest regional, set for February 15 in Tulsa, OK. This regional will bring together attendees, vendors, and AAHOA leadership for a day of region-specific education and updates you can’t get anywhere else, networking, and deal-making on the trade show floor. This Central Midwest regional is open to all hotel owners and you do not have to be an AAHOA Member to attend. Don’t miss out, register today!

Leyton specializes in the Employee Retention Credit and Sales/Use Tax Audits. Both are ways to offset daily operating expenses and payroll costs. In our conversations with hotel owners, we have found that there are many misconceptions about who can qualify for the ERC credit, and we have found that many hoteliers are leaving money on the table. We're here to help. Click here to learn more about five common ERC mistakes we are seeing hoteliers make.

AAHOA will soon be releasing its full 2022 events schedule. In the meantime, check the lineup below for an event in your area. (All times are local.)

 

Truist Securities (formerly SunTrust Robinson Humphrey) reports, “Last week’s RevPAR was up against a -50.1% comparable result in 2021 vs. -53.6% in the prior week’s 3-year run-rate. On a 3-year run-rate (vs. 2019), RevPAR was -17.1% vs. -17.6% in the prior week’s 3-year run-rate. Upscale RevPAR: +61.3% y/y and -23.7% over 3 years; Upper Midscale RevPAR: +49.4% y/y and -8.3% over 3 years. While occupancy was down vs. 2019 for all chain scales ex-Economy, ADR continues to hold fairly well during this traditionally low-demand period of 1Q. Luxury's ADR outperformance (+25% vs. industry -1%) is likely leisure demand/resort-driven. Group demand remains very light with occupancy -55.5% vs. 2019. Results are relatively more impaired for large urban and convention hotels.”

 

AAHOA has partnered with AutoClerk to offer AAHOA*PMS, a property management system designed specifically for AAHOA Members. There are pricing options to fit your needs, including subscriptions with no upfront fees, and you can run your hotel from any mobile device with a browser. AutoClerk also offers 24/7 phone support from staff and trainers who each have at least five years of hands-on hotel work experience. Visit www.aahoapms.com for more details and to sign up now!

Guest Supply, a Sysco Company, is the leading provider of operating supplies and equipment to the lodging industry. With product development and design, manufacturing, and a direct to property sales force, Guest Supply is the only vertically integrated company in the industry. From 16 company-owned-and-operated Sales and Distribution Centers, Guest Supply services more than 26,000 hotels in the U.S. with a comprehensive product line that meets the needs of hotels at all market levels. For more info, contact Justin Haggart or visit the website.

No Vacancy with Glenn Haussman is the travel industry’s most exciting podcast. It's a fun, fast-paced, genre-bending program that peels back the veneer of the travel business. Click here to subscribe to the No Vacancy Podcast. Follow Glenn on Twitter @TravelingGlenn or visit www.rouse.media.

Now the largest group of adults in America, millennials are affecting change in countless industries, including hospitality, where their preferences for robust technology offerings are becoming de facto offerings at many hotels.

According to recent research, the pandemic accelerated the time frame during which many hoteliers adopted and implemented new plans for growth. But those developments that were necessary to stay afloat could continue to pay dividends in coming years.

With many hoteliers continuing to find labor a key issue in keeping their doors open, some are turning to electronic assistants to complete tasks that have traditionally been performed by human employees.