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AAHOA

Update for Tuesday, June 30

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

Today Is the Deadline to Apply for Funds Through the Paycheck Protection Program
Today, June 30, is the application deadline for the SBA’s Paycheck Protection Program (PPP). However, with an additional $140 billion of PPP funds remaining unobligated, many are advocating for the deadline to be extended, including Rep. French Hill (R-AR) and Arkansas lawyer and politician Darrin Williams. And, while future legislation to extend and/or modify the program is possible, action is not imminent. Read full article here.

Treasury Dept.: Taxpayers Should File Taxes by July 15 or Request Extension

The Department of the Treasury and the IRS are reminding taxpayers to file their taxes by July 15 or file for an extension for October 15. Due to COVID-19, the original tax filing and payment deadline for 2019 was postponed from April 15 to July 15. “The IRS understands that those affected by the coronavirus may not be able to pay their balances in full by July 15, but we have many payment options to help taxpayers,” IRS Commissioner Chuck Rettig said.

“These easy-to-use payment options are available on IRS.gov, and most can be done automatically without reaching out to an IRS representative.” Taxpayers facing economic hardships, including those affected by COVID-19, are encouraged to take advantage of the tools and resources available on IRS.gov.

Virtual Event Tomorrow: Listening Session with Congressman Greg Walden

Join AAHOA Chairman Biran Patel and AAHOA Northwest Regional Director Hiten Patel at 2:30 p.m. EDT tomorrow, July 1 as they host Congressman Greg Walden (R-OR-02), who will give AAHOA Members an exclusive update on movements within the U.S. House of Representatives with regards to COVID-19 relief and recovery. The Congressman is the Republican Leader of the Energy and Commerce Committee, a key committee relative to AAHOA's legislative priorities.

Only the first 100 participants will be able to listen to Congressman Walden discuss the rapidly changing policy landscape as it relates to COVID-19 and what we can expect over the next few months, so plan on joining early tomorrow.

Join Us Tomorrow for Webcasts on Hygiene Best Practices, and Legal Challenges and Updates

At 11 a.m. tomorrow, Wednesday, July 1, we’re hosting Getting Back to Business: Linen Hygiene Best Practice, where we’ll cover proven best practices for consistently yielding hygienically clean linens to ensure guest and staff safety, including tips on proper linen management, such as wash protocols, disinfectant use, sorting methods, and more.

Later tomorrow afternoon at 3 p.m., join us for Getting Back to Business: Legal Challenges and Updates in the 2020 Pandemic to learn more about the significant legal challenges and strategies for businesses in the hospitality sector. Topics covered will include business interruption insurance claims, navigating liability and risk management, and strategies for compliance and risk mitigation moving forward.

Register Now for These COVID-19 Webcasts on the Schedule


View all of AAHOA’s COVID-19 webcasts here.

HotStats: Fragile U.S. Hotel Industry Records Monthly Performance Gains

According to HotStats, in the U.S. between April and May, total revenue per available room (TRevPAR) was up 39% (down 92% year-over-year) and gross operating profit per available room (GOPPAR) was up 32% to $-17.25 (down 116.2% YOY). The uptrend is a sign that April may have been the bottom and absent a surge in cases, which still is a possibility, the expectation is that month-over-month numbers will continue to improve, especially as more states move into Phase Two. Phase Two allows for non-essential travel to commence and sets out certain guidelines should hotels decide to reopen. Read the full article.