Laura Lee Blake, AAHOA President and CEO, wrote an opinion piece for HospitalityNet to address the ongoing labor shortage that has been plaguing the hospitality industry.

 

AAHOA leadership and members attended this year’s BITAC Owners event. The two-day event included education, relationship-building, and uninterrupted private meetings between decision-makers and solution providers focused on hotel ownership and management.

 

AAHOA was proud to participate in two panel discussions during this event. Female Director Eastern Division Lina Patel, Arkansas Ambassador Cookie Desai, Purvi Panwala, and Shila Patel led the HerOwnership panel discussion, spotlighting the importance of advocating for women hoteliers and sharing successes learned from last month’s first-ever HerOwnership Conference & Retreat.

 

During the Owner’s Outlook panel discussion, AAHOA Mid South Regional Director Harikrishna (HK) Patel, 2022 Outstanding Young Professional of the Year Recipient Armaan Patel, and Young Professional Director Eastern Division Bhavik Patel addressed top challenges and concerns for hoteliers. AAHOA is proud to be involved in the BITAC Owners Event and speak directly to hotel owners, members of the C-Suite, and hospitality professionals.

Point 3 of the 12 Points Educational Webinar Series is now available! Point 3, released November 15, covers minimum performance and quality guarantees.

 

AAHOA Franchisee members are often required to sign long-term franchise agreements with many obligations and duties to comply with Franchisor standards. In the third webinar, AAHOA President & CEO Laura Lee Blake, Education & Professional Development Committee Member Pimal Patel, and Principal, Franchisee Advocacy Consulting Keith Miller explain why franchisors should also commit to maintaining a certain quality in the franchise system.

 

 

Be sure to check AAHOA's 12 Points of Fair Franchising Educational Video Series landing page for release dates of future videos and more information.

November is officially here! Although the end of 2022 draws near, we still have plenty of events for you to get involved with. Check out our lineup of events coming your way. Make plans to join us by registering today. (All times are local.)

Family businesses are enriched with commitment, passion, and history. Learn how to effectively manage the inherent types of family business conflict to ensure sustainability and longevity. Common conflict management strategies are not enough, we will discuss proven strategies to successfully manage relationships in family businesses.

 

Truist Securities reports, “Last week’s RevPAR was against a +104.2% comparable result in 2021 vs. +89.7% in the prior week. On a 3-year run-rate (vs. 2019), RevPAR was +18.2% vs. +1.1% in the prior week’s 3-year run-rate. Upscale RevPAR: +24.3% y/y and +9.9% over 3 years; Upper Midscale RevPAR: +13.6% y/y and +20.6% over 3 years.”

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 (http://www.pmctrust.com), then contact Kristi Lewis-Hodge (loans@pmctrust.com) to get started.

Group whole life insurance issued by MassMutual offer for AAHOA Members with special underwriting! Elect up to $250,000 with only a few health questions to determine insurability; no medical exam required! (Must be enrolled through BeneChoice.) Also available to AAHOA Members through BeneChoice – additional benefits for your employees that are made available at no direct cost to you/the owner! To learn more, visit AAHOA.com/lifeinsurance. To schedule an appointment to review your life insurance options, please visit www.calendly.com/aahoa.

On the heels of an uninspiring September, many REIT properties entered positive territory in October, based largely on a month of strong performances from hotels.

According to recent data from STR, hotel occupancy fell for a third straight week (ending Nov. 5), but demand remains incredibly high, setting a record for 24,183,556 room nights sold during a week that included Halloween.

The ongoing pandemic-related lockdowns in China are creating headaches for hotel brands based elsewhere, which rely heavily on the Chinese market. As a result, some franchisees are fearful that they'll end up footing the bill for a brand's performance halfway across the globe.