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AAHOA

AAHOA is bringing you the latest information as it relates to COVID-19 and your business.

Help AAHOA help hotel owners by sharing this update with owners in your network, whether they're AAHOA Members or not. Turn to AAHOA's Facebook, LinkedIn, and Twitter accounts for the latest.

Please be sure to read the latest information you receive from brands. As the situation rapidly changes, they're sending out communications to franchisees often. 

 

CONTENT FOUND IN THIS UPDATE

  1. IRS Update: Federal tax filing deadline extended
  2. Warning: Report COVID-19 scams to the FBI
  3. New Resource: COVID-19 resources by state
  4. Webcast Series: Seven webcasts slated for next week (with more on the way)
  5. From STR: The latest U.S. hotel results
  6. AAHOA Downloads: One-page resource downloads for hoteliers
  7. From the Industry: Latest industry webcasts and webinars

Treasury Secretary Mnuchin Announces Extension of Federal Tax Filing Deadline to July 15
The Treasury Department and Internal Revenue Service announced yesterday that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. Taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020, without penalties and interest, regardless of the amount owed. This deferment applies to all taxpayers, including individuals, trusts and estates, corporations, and other non-corporate tax filers, as well as those who pay self-employment tax.
More Information

What this means for you: More time granted to taxpayers means America’s hoteliers can better focus on their businesses and employees during this crisis.

Report those Claiming to be from the Treasury Department
If you receive calls, emails, or other communications claiming to be from the Treasury Department and offering COVID-19 related grants or stimulus payments in exchange for personal financial information, or an advance fee, tax, or charge of any kind, including the purchase of gift cards, please do not respond. These are scams. Please contact the FBI at http://www.ic3.gov so the scammers can be tracked and stopped.
Learn More

What this means for you: There will always be scrupulous individuals who take advantage of Americans – whether during circumstances that are “business as usual” or during times of crisis. Make sure you’re aware of scams and report them to the FBI.

The Complete List of COVID-19 Resources for the Hotel Industry
AAHOA has complied the complete list of COVID-19 resources for each state in the U.S. Many of these resources are provided by local state lodging associations, and hoteliers living and operating businesses in these states can benefit greatly from localized information. In the event that there aren’t lodging-specific resources already curated for your specific state, AAHOA recommends you visit state government agency resources so you can stay on top of the latest developments, declarations, and news in your area.
Download the List

What this means for you: As you know, AAHOA represents America’s hoteliers and strives to provide the most up to date and relevant information. However, your state associations are hard at work to bring you the information that matters. AAHOA encourages you to utilize these resources in addition to AAHOA’s.

Seven Webcasts Airing Next Week
AAHOA series of COVID-19 webcasts that will keep you informed and help determine next steps for your business. AAHOA is making these webcasts available to the entire industry, so be sure to share with those in your network, whether they're an AAHOA Member or not.

Read the latest reporting on these webcasts from Hotel Management and Hotel Business.

Upcoming Webcasts


What this means for you: With a current total of seven webcasts scheduled for next week, AAHOA is averaging more than one webcast a day to help hotel owners amid this crisis. And our work isn’t done! Stay tuned for the latest webcasts to be released in the coming days. What’s different about AAHOA’s resources is that they’re created specifically for hotel owners.

STR: U.S. Hotel Results for Week Ending 14 March
According to STR, “Showing further COVID-19 impact, the U.S. hotel industry reported negative year-over-year results in the three key performance metrics during the week of 8-14 March 2020, according to data from STR. In comparison with the week of 10-16 March 2019, the industry recorded the following:

  • Occupancy: -24.4% to 53.0%
  • Average daily rate (ADR): -10.7% to US$120.30
  • Revenue per available room (RevPAR): -32.5% to US$63.74


Performance declines were uniform across chain scales, classes, and location types.”
Continue Reading

What this means for you: While many of these statistics aren’t surprising, the effects of COVID-19 will continue to impact the hotel industry for the foreseeable future. Use these key performance indicators to compare where you stand among U.S. industry averages.

AAHOA Downloads: One-Pagers on Topics That are Top of Mind
In effort to help both franchised and independent property owners, AAHOA is creating a series of one-pagers that discuss the implications on the most important topics. While AAHOA does not provide business or legal advice or representation to anyone, AAHOA goes to great lengths to ensure the information it provides is accurate and useful.


Latest Topics


What this means for you: Use these resources as reference when making decisions and deciding how best to proceed in your business. More topics and one-pagers will be released shortly. If you have a recommendation on what you’d like to see created, email us at covid19@aahoa.com.

Access These Latest Industry Webcasts at AAHOA.com
In addition to providing AAHOA-created resources, AAHOA is also participating in industry webcasts and curating the most relevant information for America’s hoteliers. Here are the most recent webcasts and webinars on topics that matter to you: 


What this means for you: AAHOA is committed to bringing you the latest information and resources from around the web. If you find something helpful that you think should be shared with America’s hoteliers, send it to covid19@aahoa.com.