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AAHOA

Update for Tuesday, August 18

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
 

  • AAHOACON20: Hotel owners brace for a ‘bumpy’ road as fallout from COVID-19 continues
  • AREAA: AAHOA Chairman Biran Patel among the featured guests on new webinar
  • Cecil P. Staton: AAHOA President & CEO to appear tomorrow on America's Commercial Real Estate Show
  • Tomorrow’s Virtual Event: Navigating the Road to Recovery in a Post-COVID-19 World – A Conversation with Wyndham
  • Tomorrow’s Webcast: Getting Back to Business Quarterly Capital Market Monitor
  • myDigitalOffice: Spike in COVID cases slows hotel occupancy growth trends

Hotel Owners Brace for a ‘Bumpy’ Road Ahead As Fallout from COVID-19 Continues
When the COVID-19 pandemic first hit the U.S. in earnest in March, Ridgemont Hospitality CEO Sima Patel planned for a roughly three-month disruption. But the disruptions continue five months later. “We thought ‘We’ll be out of this in 90 days,’” she said in the “Hotelier Insights: Recovery and Looking Past the Pandemic” session during the 2020 AAHOA Virtual Convention & Trade Show last week. “We planned according to that.

We started with RevPAR dropping by 85% (year-over-year) to now we are seeing about 59%, which is good.” Panelists agreed the summer months brought improved performance for hotels but said it’s hard to get much clarity going forward, as the incorrect early assumptions highlight. DJ Rama, president and CEO of Auro Hotels, said clarity and recovery will come from success in dealing with the pandemic—or the lack thereof. “I think suppression of the virus equals recovery,” Rama said. “If we can’t get our arms around the suppression of the virus, the visibility gets darker and darker.” Read the full Hotel News Now article here.

AAHOA Chairman Biran Patel Among the Featured Guests on AREAA Webinar

AAHOA Chairman Biran Patel will share his insights on AREAA Commercial Webinar: Hospitality Focus 1-4 p.m. EDT Thursday, August 20. AAREA will be speaking with Patel and other hospitality industry leaders to gain a better understanding of the current situation in the hospitality market with a focus on the AAPI community. The discussion will cover how hotel owners are adjusting to the new normal, what franchises are doing to assist owners and ensure a safe guest experience, and more. Register today.

 

AAHOA President & CEO to be Guest on America's Commercial Real Estate Show

Host Michael Bull will welcome AAHOA President & CEO Cecil P. Staton as a featured guest on America’s Commercial Real Estate Show on Wednesday, August 19. Fresh off a wildly successful AAHOACON20, Staton will share highlights of AAHOA’s first virtual convention and trade show. He also will share his thoughts on CMBS loans and discuss upcoming events AAHOA has planned. You don’t want to miss this, so be sure to tune in!

 

Tomorrow’s Virtual Event: Navigating the Road to Recovery in a Post-COVID-19 World – A Conversation with Wyndham

Join us at 3 p.m. tomorrow, August 19, as Washington, D.C. Area Regional Director Sandip Patel hosts Navigating the Road to Recovery in a Post-COVID-19 World – A Conversation with Wyndham Hotels. Patel will welcome Kitty Singh, Wyndham Owner; Jay Patel, Wyndham Owner; Mike Mueller, President, Super 8 by Wyndham and Brand Operations; Lina Patel,

AAHOA Female Director Eastern Division; Scott LePage, President, The Americas, Wyndham; Lisa Checchio, CMO, Wyndham; Krishna Paliwal, President, LaQuinta by Wyndham; Shilpan Patel, SVP Franchise Services; Tracy Ripa, SVP North America Operations, Wyndham; and Allen Rolleri, Group Publisher, Hotel Business (Moderator). You can mail your questions in advance to franchise@aahoa.com. Don’t miss it, add this event to your calendar now!

Tomorrow’s Webcast: Getting Back to Business: Quarterly Capital Market Monitor

Join us tomorrow at 11 a.m. for Getting Back to Business: Quarterly Capital Market Monitor as a

private wealth advisor offers a quick-reference guide to the current investment landscape and future outlook. Hear high-level overviews of the economy, equities, fixed income, and alternatives to gain a better understanding of the investment climate. You don’t want to miss this, so register now.

 

Register Now for These Other COVID-19 Webcasts on the Schedule
 

myDigitalOffice: Spike in COVID-19 Cases Slows Hotel Occupancy Growth Trends

In the United States, some areas of the country are beginning to feel a sense of normalcy with the reopening of schools and sporting events. But will it last? And what does this mean for the hospitality industry? According to recent data from the MAPP report, future hotel occupancy growth trends have slowed over the past few weeks, coming off the heels of recent spikes in COVID-19 cases. For a look ahead to Labor Day weekend, see the full report here.