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AAHOA

Update for Tuesday, June 23

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

  • AAHOA: 2020 Convention & Trade Show will now be a virtual event
  • CMBS Relief: AAHOA sees hope for America’s hoteliers after members of Congress sign letter
  • Wall Street Journal: Lawmakers ask Fed to help businesses struggling to pay mortgages
  • USDOL: New tool to help workers determine eligibility for paid sick leave due to coronavirus
  • YP Virtual Event: Tomorrow the AAHOA Government Affairs team talks advocacy, getting involved, and the PPP
  • Webcasts: How to save big with proven techniques and direct bookings vs. OTAs

2020 AAHOA Convention & Trade Show Will Now Be a Virtual Event Due to COVID-19

Today, AAHOA announced its 2020 Convention & Trade Show will not proceed in person due to new health and safety guidelines for combatting COVID-19 issued by the Florida Department of Health (DOH) on Saturday, June 20. AAHOA’s annual convention and trade show is one of the largest gatherings of hotel owners, hospitality industry leaders, and vendors in the country.

But Florida is experiencing a significant spike in new COVID-19 infections and hospitalizations, and the DOH now recommends limiting recreational gatherings to fewer than 50 people. However, parts of the convention will move to a virtual space, including secure online elections for AAHOA’s Board of Directors and Secretary. Details about registration and the virtual event will be made available through AAHOA.com in the coming days.

AAHOA Statement: America’s Hoteliers See Hope for CMBS Relief

AAHOA, the nation’s largest hotel owners association, expressed optimism for the prospect of relief for borrowers with commercial mortgage-backed security (CMBS) loans after nearly 100 members of Congress sent a bipartisan letter to Treasury Secretary Steve Mnuchin and Federal Reserve Chairman Jerome Powell asking them to create a relief fund for CMBS borrowers and to use their authority to grant broad assistance to the commercial real estate sector.

AAHOA has served as a resource to U.S. Representatives Van Taylor, Al Lawson, Jr., Andy Barr, and Denny Heck, who address in the letter the complexity of CMBS loans, the difficulties of loan modification, and the market instability a wave of CMBS loan defaults could cause.

 

The Wall Street Journal: Lawmakers Ask Fed to Help Businesses Struggling to Make Mortgage Payments

A recent article published by The Wall Street Journal notes that a bipartisan effort of more than 100 members of Congress are calling on the Trump administration and the Federal Reserve to help struggling businesses pause debt payments in the commercial-mortgage-backed securities (CMBS) market. The article notes that many hotels that borrow the money in the roughly $550 billion market for CMBS loans said they have been unable to negotiate debt reprieves during the coronavirus pandemic.

U.S. Department of Labor: New Online Tool Will Help Workers Determine Eligibility for Paid Sick Leave Due to Coronavirus

The U.S. Department of Labor today launched an interactive online tool to help workers determine if they qualify for paid sick leave or extended family and medical leave to cover time away from work for reasons related to the coronavirus. The tool guides workers through a series of questions to help them determine if the paid-leave provisions of the Families First Coronavirus Response Act (FFCRA) apply to their employer.

If the provisions do apply, the tool helps them learn whether they qualify for either paid sick leave or extended family and medical leave under that law.

Tomorrow's AAHOA Young Professional Hoteliers Virtual Event: Advocacy Updates, Getting Involved, and the PPP

Do you know how to get your representative’s attention so you can discuss the crucial issues you’re facing as a hotelier? If not, you need to join us at 4 p.m. EDT tomorrow, June 24 for AAHOA Young Professional Hoteliers Virtual Event: Advocacy Updates, Getting Involved, and the PPP. In this virtual event, hosted by Purvi Panwala and Miraj S. Patel, AAHOA Young Professional Directors Eastern and Western Division, respectively, the AAHOA Government Affairs Team will teach you how to do just that.

They also will show you how to best use them to your advantage, as well as give a full breakdown of the recently enacted Paycheck Protection Program Flexibility Act of 2020 and how you can get more involved in advocacy on the local, state, and federal levels.

Join Us: Getting Back to Business: Save Big with Proven Techniques and Direct Bookings
As hotels work to increase RevPAR now that many are reopening, it’s vital that hoteliers achieve a healthy mix between OTA booking and direct bookings. Join us at 11 a.m. EDT tomorrow, Wednesday, June 24 for Getting Back to Business: Save Big with Proven Techniques and Direct Bookings and learn how to derive and analyze guest data to build stronger relationships. You’ll also learn how to convert OTA guest bookings into direct bookings. Register now.