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Your Daily AAHOA Update for Thursday, March 24, 2022

Young Professional Hoteliers Session Topic and Speakers Set for AAHOACON22!

We are pleased to announce our Young Professional Hoteliers session topic and speakers for AAHOACON22! As travel settles into the new post-pandemic normal, our industry has been predicting that this year will be the year hotel owners will be eager to buy and sell. Join us for “Development 2.0 – How to Take Property Development & Acquisition to the Next Level” (3:30 p.m. Wednesday, April 13) as Justin Knight, CEO, Apple Hospitality REIT, and Jay H. Shah, CEO, Hersha Hospitality Trust, uncover what segments currently dominate the market and the best development and acquisition opportunities to capitalize on in 2022 and beyond.

With current labor challenges, price increases, pandemic-related construction delays, and more, the current landscape leaves much to the unknown. This informative session will discuss this new landscape and teach strategies on how to navigate property development and acquisition in this new era. Don’t miss it! Register today!

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SBA: 2022 Women's Business Summit Kicks Off Next Week

In celebration of Women’s History Month, join the SBA's Office of Women’s Business Ownership and the Nasdaq Entrepreneurial Center for the virtual Women’s Business Summit on March 29-30. Featuring remarks from Vice President Kamala Harris, SBA Administrator Isabella Guzman, and other high-powered women, this free, two-day event will include power-packed panels, inspirational fireside chats, and “Ask an Expert” workshops to help you build, scale, and grow your business. This one-of-a-kind event is not to be missed!

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STR: U.S. Hotel Performance Rises from Previous Week, Shows Improvement

Lifted by Spring Break travel, U.S. hotel performance rose from the previous week and showed improved comparisons against 2019, according to STR’s latest data through March 19. March 13-19, 2022 (percentage change from comparable week in 2019*):

Occupancy: 66.9% (-3.7%)
Average daily rate (ADR): US$151.63 (+13.6%)
Revenue per available room (RevPAR): US$101.44 (+9.5%)

The weekly occupancy level was the highest since the week ending August 7, 2021, while ADR was the second highest for any week on record.

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Town Hall: Southwest Town Hall Meeting, 5 p.m. Thursday, March 24 - Phoenix, AZ
Dinner & Learn: Sponsored by O’Connor & Associates, 5 p.m. Tuesday, March 29 - Louisville, KY
Town Hall: Northeast Town Hall Meeting, 5 p.m. Tuesday, March 29 - Syracuse, NY
Town Hall: South Carolina Town Hall Meeting, 5 p.m. Tuesday, March 29 - Rock Hill, SC
Webcast: Tourism Improvement Districts: A Stable Funding Source for Hotel Driven and Managed Destination Marketing, 11 a.m. EST Wednesday, March 30
Town Hall: North Texas Town Hall Meeting, 5 p.m. Thursday, March 31 - Abilene, TX
Town Hall: Upper Midwest Town Hall Meeting, 5 p.m. Thursday, March 31 - Elmhurst, IL
Convention: 2022 AAHOA Convention & Trade Show, April 12-15 - Baltimore, MD

All times are local.

AAHOA Members Invited to Attend the NAMA Show 2022 in Chicago for FREE

AAHOA Vice Chairman Nishant (Neal) Patel will be a featured panelist at The NAMA Show 2022, April 6-8 in Chicago, which will explore best practices for navigating the new terms and challenges of the convenience service and unattended retail industries. Neal will share his insights on the “The Birdseye View of Changing Consumer Environments” panel, set for 9 a.m. Wednesday, April 6. AAHOA Members, enter promo code ‘AAHOA’ at checkout to receive complimentary registration to this unique hands-on event, a $500 value.

April 6-8

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2022 National Restaurant Association Show Comes to Chicago in May

After being forestalled by the unprecedented challenges the industry has faced over the past two years, the 2022 National Restaurant Association Show is back and set for May 21-24 at McCormick Place in Chicago. From expert-led sessions unpacking new industry challenges and opportunities to industry-leading products and solutions for growth, the Show will help you find what you need to navigate today’s new business realities. The Show is the must-attend event for the foodservice industry. It’s the only place to find everything you need to grow in today’s new reality.

May 21-24

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