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AAHOA

Update for Tuesday, June 16

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.

CONTENT FOUND IN THIS UPDATE:

  • SBA: Economic Injury Disaster Loans and Advance programs reopened to all eligible small businesses
  • Steven T. Mnuchin: Treasury Secretary issues statement on Main Street Lending Program
  • OSHA: Worker safety and health remain a priority for the U.S. Department of Labor
  • Webcasts: Register now for next week’s COVID-19 webcasts on the schedule
  • ALIS 6x8 Webinar: AAHOA President & CEO discusses what’s top of mind in the industry
  • Hotel Optimization: AAHOA Treasurer says look to hospitals for sanitization best practices
  • Hotel Recovery 2020: Learn how to vet the right COVID-response hotel software for your property

SBA Reopens Economic Injury Disaster Loans and Advance Programs to All Eligible Small Businesses
To further assist small businesses and nonprofits negatively impacted by the COVID-19 pandemic, the U.S. Small Business Administration has reopened the Economic Injury Disaster Loan and EIDL Advance program portal to all eligible applicants, which was previously only available to agricultural businesses. AAHOA advocated on behalf of America’s hotel owners to open EIDL loans to small businesses, and we applaud the efforts on behalf of the SBA.

The EIDL program offers long-term, low-interest assistance for a small business or nonprofit. These loans can provide vital economic support to help alleviate temporary loss of revenue. EIDL assistance can be used to cover payroll and inventory, pay debt or fund other expenses. Additionally, the EIDL Advance will provide up to $10,000 ($1,000 per employee) of emergency economic relief to businesses that are currently experiencing temporary difficulties, and these emergency grants do not have to be repaid.
 

Update from Secretary Steven T. Mnuchin on the Main Street Lending Program
Yesterday, U.S. Treasury Secretary Steven T. Mnuchin issued a statement on the opening of lender registration for the Main Street Lending Program: “This morning the Federal Reserve Bank of Boston announced that the Main Street Lending Program Lender Portal is now open. The program, which will operate through three facilities – the Main Street New Loan Facility, the Main Street Priority Loan Facility, and the Main Street Expanded Loan Facility – is designed to help ensure that small and medium-sized businesses have access to the credit they need to get through this challenging period. Read the full statement here.

As More Businesses Reopen, Worker Safety and Health Remain U.S. Department of Labor Priority

As more workplaces begin to reopen, the U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) is reminding employers that worker safety remains a priority amid both coronavirus and common workplace hazards. In all phases of reopening, employers need to plan for potential hazards related to the coronavirus, as well as those stemming from routine workplace processes.

Employers should be aware that the pandemic might increase employee stress, fatigue, and distractions and should consider these factors in planning their employees’ return to work. Employers should also carefully plan before attempting to increase production or tasks to make up for downtime to avoid exposing employees to additional safety and health hazards. Read the full release here.

AAHOA President & CEO a Featured Speaker at ALIS 6x8 Webinar on Recovery
AAHOA President & CEO Cecil P. Staton will be among the featured speakers at ALIS 6x8: Recovery Top of Mind Episode 2, set for 1:30 p.m. EDT tomorrow, June 17. Cecil and other industry professionals will discuss what’s top of mind in the hospitality industry and how they tackle the issues of the day with an eye on the industry’s recovery in this fast-paced series of 8-minute conversations. Register now.

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Sanitization Strategies Dominate Final Day of Hotel Optimization Event

AAHOA Treasurer Vinay Patel, President & CEO of Fairbrook Hotels, suggested hoteliers look to hospitals for best practices on sanitizing during the third and final day of the Hotel Optimization conference. The final day of the virtual event, presented by Questex Hospitality Group and AAHOA, focused on the latest sanitizing strategies, sustainability, and hotel design trends in the age of COVID-19.

Vinay acknowledged that implementing these practices can be challenging when hotels are operating on skeleton crews and facing low occupancy. “We have some time to implement a lot of these procedures,” he said of the downturn. “And I think most staff are welcoming it, wanting it, because obviously it makes it a clean environment for them to work in.”

 

How to Vet the Right COVID-Response Hotel Software for Your Property
Getting your property back up to speed operationally after the prolonged COVID-19 shutdown will be a challenge. A chief worry is that it will be too much too fast for your managers and that this will either compromise service delivery or even demoralize team members, leading to other problems down the road. Thankfully, hospitality tech vendors have stepped up to the plate and pivoted to rapidly deploy new features to help handle this increased workload.

It’s not a stretch to say that in this new normal a hotel simply cannot manage operations without the right software solutions. But what should you look for in a platform? Hotel Recovery 2020 examines some of the features offered to help you assess which ones will work best for your business.