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Your Weekly AAHOA Wrap-Up for Friday, Jan. 22, 2021
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Message from the President & CEO
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AAHOA Members,
President Joe Biden is poised to sign a series of Executive Orders enacting his policy agenda in his first three days in office, which aim to alleviate the COVID-19 pandemic while rolling back a number of former President Donald Trump’s policies. This morning, President Biden directed the Occupational Safety and Health Administration to issue new guidance to employers on COVID-19 health and safety protocols. We are continuing to monitor the administration’s policies and will keep you informed of any major developments. Join us at 11 a.m. EST Tuesday, January 26, for our webinar, What Employers Can Expect from the New Administration, where we will discuss significant changes to the employment law landscape as it relates to hotel owners.
We appreciate your engagement and support and will continue to keep you well-informed of political developments and small-business assistance in the coming weeks. Stay well and have a great weekend.
Cecil P. Staton
AAHOA President & CEO
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Top 10 Things to Know This Week
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Kalibri Labs: Ahead of the Curve Series Examines Impact of Pandemic on Specific Markets
In an effort to provide essential data to the industry at a critical time, Kalibri Labs has developed the Ahead of the Curve series to take an in-depth look at the impact of the pandemic and potential shape of the recovery in specific markets. By understanding how the pandemic has impacted a market, industry leaders can begin to understand the drivers of the recovery in that market. The Boston report is now available, with reports upcoming for Austin, San Diego, San Francisco, and Philadelphia.
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Read Full Report
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Now Available: HVS U.S. Hotel Franchise Fee Guide 2020
The HVS U.S. Hotel Franchise Fee Guide provides a comparative review of hotel franchises based on their applicable franchise fees. The selection of an appropriate franchise affiliation affects a property’s ability to compete in its local market, generate profits, and achieve a distinguished image and market orientation. This report includes four more participating brands than the previous year's publication. HVS anticipates that participation will increase as mergers of hotel companies and the proliferation of new brands continue.
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Access the Guide
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CBRE: Turn the Page – Economic Outlook for a New Year and New Administration
What does 2021 have in store for the economy and commercial real estate? Noted economist and real estate analyst Peter Linneman and CBRE’s Global Chief Economist Richard Barkham join Spencer Levy on The Weekly Take to dig into what the Biden Presidency and vaccine rollout mean for the economic recovery and CRE sector performance.
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Listen to the Podcast
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STR: 2020 Officially the Worst Year on Record for U.S. Hotels
The U.S. hotel industry reported all-time lows in occupancy and RevPAR, according to year-end 2020 data from STR. In addition to historically low absolute levels in the aforementioned metrics, ADR came in lower than any year since 2011. Year-over-year declines were the worst on record across the three key performance metrics.
For the first time in history, the industry surpassed 1 billion unsold room nights, which eclipsed the 786 million unsold room nights during the great recession in 2009.
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Read Full Report
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AAHOA Chairman, President Look to the Future on ‘No Vacancy Podcast’
AAHOA Chairman Biran Patel and President & CEO Cecil P. Staton joined host Glenn Haussman on the "No Vacancy Podcast" on Wednesday to discuss what the new administration will mean for hospitality as COVID-19 continues to wreak havoc on the industry. “As I was watching the inauguration, I felt optimism,” Patel said. “With all we’ve gone through and endured the last year, we have nothing else to look forward to but ... an upward trajectory.” Staton said Inauguration Day is a meaningful time for him. “It signals a new beginning for our country,” Staton said. “We will be working with this new administration [and all of the new and returning members of Congress] to make sure the interests of our industry and hoteliers are front and center.”
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Watch the Video
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Mark Your Calendars for Our Upcoming Live Training, Virtual Event, and Webcasts!
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Webcast: What Employers Can Expect from the New Administration, 11-11:30 a.m. EST, Tuesday, Jan. 26, 2021
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Webcast: Hotel Valuation Outlook: What to Expect in 2021, 3-3:30 p.m. EDT, Tuesday, January 26, 2021
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Live Training: AAHOA Offering Live Training Session to Members to Help Fight Human Trafficking, 3 p.m. EST, Wednesday, Jan. 27, 2021
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Virtual Event: Navigating the Road to Recovery in a Post-COVID-19 World: A Conversation with Hyatt, 2 p.m. EST Thursday, Jan. 28, 2021
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Webcast: Understanding Human Trafficking and Child Exploitation, 3-4 p.m. EST Thursday, Jan. 28, 2021
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Webcast: Update on Hotels in CMBS Special Servicing: What's Next in Round Two?, 3-3:30 p.m. EST, Wednesday, Feb. 3, 2021
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Webcast: Increase Guest and Employee Engagement by Confronting and Mitigating Bias on the Front Line, 3-3:30 p.m. EST, Tuesday, Feb. 9, 2021
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Webcast: How Our Hotels Increased RevPAR Indexes In 2020, 3-3:30 p.m. EST, Thursday, Feb. 11, 2021
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Register Now
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Today’s Hotelier: Recovery According to the Data
As an excess of factors continues to affect hotels in the U.S. from a pandemic to a heated election season, hoteliers are understandably waiting with bated breath for insights about when the industry could begin to see a recovery. There’s no doubt that the COVID-19 pandemic flung the U.S. into another recession, with the National Bureau of Economic Research officially calling it as such in June. For their part, hotel data prognosticators have been crunching the numbers as best they can in an ever-changing landscape to best forecast when U.S. hotels might see an upturn.
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Read Full Article
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Registration Is Now Open for AAHOA’s First Two Charity Golf Tournaments
Registration is now open for the first two events on AAHOA's 2021 Charity Golf Tournament schedule. The AAHOA Southeast Texas Inaugural Charity Golf Tournament will take place Tuesday, April 6, at the Wildcat Golf Club in Houston, TX, while the AAHOA Southwest-Phoenix Charity Golf Tournament will tee off Thursday, April 8 at the Ocotillo Golf Club in Chandler, AZ. We invite players and sponsors to join us at two of the country’s top golf courses as we come together to support local charities and network in person once again while enjoying a beautiful – and safe – day of competitive golf.
Houston, TX, April 6, 2021, and Chandler, AZ, April 8, 2021
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Learn More
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The Latest from Washington, D.C.
On Wednesday, President Joe Biden and Vice President Kamala Harris were sworn into office on the West front of the U.S. Capitol building. The 59th Presidential Inauguration marks the start of the Biden-Harris administration and an historic day in which the first Indian American, the first Black American, and the first woman will serve as Vice President of the United States. During his remarks, President Biden offered a message of unity and upliftment for the American people.
The President has already begun to lay out his agenda, including COVID-19 relief and national economic stimulus. In an official AAHOA statement released that day, AAHOA President & CEO Cecil P. Staton stated the following: “Small business owners are struggling with the pandemic’s economic fallout, and the plan outlined by President Biden looks to target those industries, such as hospitality, that are experiencing a disproportionate amount of hardship. We are optimistic that the new administration’s focus on the public good will speed along our recovery, and we look forward to working with President Biden and his team to do right by America’s small businesses.”
That same day, President Biden signed 17 executive orders, moving to roll back Trump-era policies while positioning the fledgling administration to tackle the pandemic, climate change, and racial justice. He also released a national strategy to guide the pandemic response. The COVID-19 National Action Plan focuses on vaccine distribution, mask mandates, and provisions to make schooling and travel safer. House Democrats plan to immediately pass President Biden’s pandemic relief bill, yet there are likely roadblocks from GOP members in the Senate. AAHOA will provide legislative updates as Congress and the administration move on the proposed economic stimulus, and we’ll keep our members apprised of the latest news and developments covering the Biden administration’s first 100 days.
SBA Update
The Small Business Administration has approved more than 60,000 Paycheck Protection Program (PPP) loans since reopening the program on Jan. 11, 2021. The PPP is now open to all lenders, and we encourage you to get in contact with yours regarding the relief program.
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Asian American Hotel Owners Association, Inc.
Atlanta Headquarters
1100 Abernathy Road, Suite 725
Atlanta, GA 30328
404.816.5759
www.aahoa.com
Washington D.C. Office
601 New Jersey Avenue NW, Suite 610
Washington DC 20001
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