From July 13-15, NABHOOD (National Association of Black Hotel Owners, Operators & Developers) is hosting its 26th Annual International African American Hotel Ownership & Investment Summit & Trade Show. Founded by Dr. Andy Ingraham, NABHOOD helps increase the number of African-Americans developing, managing, operating and owning hotels, and their best resource to help accomplish these goals is the annual international summit.

 

AAHOA President & CEO Laura Lee Blake, Chairman Neal Patel, Vice Chairman Bharat Patel, and Immediate Past Chair Vinay Patel will all be speaking along with Andy Ingraham during the AAHOA Town Hall meeting on Thursday (today), July 14, from 5:30-6:30 p.m.

 

NABHOOD and AAHOA have had a long-standing relationship and strategic alliance, and we are proud to continue our work with them.

 

For more information about the event, click here.

Alpesh Jivan has been appointed as the new North Pacific Regional Director. Jivan succeeds Kamalesh (KP) Patel, who previously held the position before being elected as the 2022-2023 AAHOA Secretary.

 

AAHOA is excited to have Jivan on the Board of Directors, and look forward to seeing what he will accomplish and contribute during his tenure.

 

Hotels need automation now more than ever to counter market disruptions, stay competitive, and meet guest expectations. The Property Management System (PMS) at the center of hotel operations is poised to answer the call by harnessing technology’s full potential through innovation and collaboration.This special report shines a light on hospitality’s current tech challenges and how hoteliers can future proof their PMS  to leverage the abundance of opportunities that lie ahead.

 

Our experts can help you feel more confident in taking full advantage of the Employee Retention Credit.

 

Peter, founder of Lark Hotels thought ERC "seemed complex and overly burdensome" so he shelved it. Then, he found Leyton. He's been able to identify over $300,000 in credit and has doubled in size despite COVID.

 

Find out how you can, too.

 

 

July is gearing up to be yet another busy month for AAHOA! Check out our lineup of events coming your way. Make plans to join us by registering today. (All times are local.)

Truist Securities reports, “Last week’s RevPAR was up against a +107.6% comparable result in 2021 vs. +88.9% in the prior week. On a 3-year run-rate (vs. 2019), RevPAR was -1.1% vs. +23.1% in the prior week’s 3-year run-rate. Upscale RevPAR: +6.8% y/y and -12.4% over 3 years; Upper Midscale RevPAR: +0.0% y/y and -3.4% over 3 years. As we anticipated, last week was a tougher comp following the 7/4 calendar shift. Over the last three weeks, rounding out the holiday impacts, U.S. RevPAR vs. 2019 averaged +11.4% with Transient +12.2% and Group +10.7%.”

For more, read the full report here, and read the China/Europe report here.

HBO, the oldest and most award-winning premium channel in the U.S., is offering AAHOA Members the chance to earn money back. Members get a rebate of $9 per room (5-year contract) or $7 per room (3-or 4-year contract) when they add or renew HBO at their properties. Click here today to complete the rebate form and get started.

PMC Commercial Trust offers conventional and SBA loan programs for the acquisition, refinancing, renovation and construction of businesses with commercial real estate throughout the country as principal lenders. PMC has been granted Preferred Lender (PLP) status from the SBA, which allows for a faster turn-around time at the SBA. Since the early 90’s, PMC’s focus has been on the hospitality industry, assisting start up individuals as well as multi property owners in obtaining the financing that best fits their needs. Visit the website, then contact Kristi Lewis-Hodge (loans@pmctrust.com) to get started.

AAHOA has joined with the University of Houston Conrad Hilton College of Hotel & Restaurant Management to create a AAHOA Scholarship. AAHOA will contribute a total of $125,000 to UH over five years, beginning in 2016. The contributions will be matched by the Conrad N. Hilton Foundation, creating a $250,000 fund to be named the AAHOA Student Assistantship & Scholarship Endowment. To find out more about the qualifications or how to apply, please click here.

Strong room demand continues to propel the industry toward pre-pandemic numbers with summer and travel accounting for properties in several cities marking dramatically increased bookings.

As technology plays a growing role in countless aspects of the industry, hoteliers need to remain vigilant in protecting the remaining guest touch points. 

What do all hotels have in common? They each furnish a place to sleep, and savvy hoteliers are leaning into that amenity to create sleep-themed guest packages to attract new bookings.