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Your Daily AAHOA Update for Tuesday, Feb. 16, 2021

Today's Top Stories

AAHOA Joins the Hospitality Industry in Mourning the Passing of Marriott President & CEO Arne Sorenson

“Arne Sorenson was a visionary hospitality executive, and we are deeply saddened by his sudden passing,” AAHOA President & CEO Cecil P. Staton said in a statement released today on the unexpected passing of Marriott International President & CEO Arne M. Sorenson. “On behalf of AAHOA Members, I offer our condolences to the Sorenson family, his colleagues at Marriott International, and every individual who was lucky enough to be impacted by Arne and his life's work. Though the hospitality industry lost an invaluable leader yesterday, we will all continue to benefit from the sizable impact Arne made through his work, dedication, and significant contribution to our industry."

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2021 Industry Outlook One Year Post-COVID: A Roundtable with Hospitality Association CEOs

With a new administration in place, two vaccines now available, and a second stimulus package offering help for businesses struggling to stay profitable amid an ongoing pandemic, what do hoteliers need to know to stay on top of the latest changes? Hear from our industry's leading Association CEOs – Cecil P. Staton, President & CEO, AAHOA; Roger Dow, President & CEO, U.S. Travel Association; and Chip Rogers, President & CEO, AHLA – on a wide variety of topics to find out how recent developments are affecting hotel properties across the nation and what you can expect in 2021 and beyond.

3 p.m. EST Thursday, Feb. 18

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Asian Hospitality: California Hotelier Suing His Insurance Company for COVID-19 Losses

Many hoteliers are facing uncertainty in their insurance coverage for claims arising out of the coronavirus pandemic. One California hotelier is taking matters into his own hands by filing suit against his insurance company for denying coverage on his business interruption insurance policy in connection with losses incurred from the COVID-19 pandemic. It’s a situation in which many other hotel owners with similar policies find themselves.

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What Members Are Saying...

“You have great programs and I’m always happy to participate if I’m available.”

– Industry Partner

Upcoming AAHOA Events & Webcasts

Town Hall

AAHOA to Hold First In-person Town Hall of 2021 at Myrtle Beach Supply Show

South Carolina Regional Director Chetan (Chet) Patel and North Carolina Regional Director Akshat Patel will host a Town Hall on the second day of the 45th annual Hotel, Motel and Restaurant Supply Show of the Southeast, set for March 9-11 in Myrtle Beach, SC. AAHOA Chairman Biran Patel will co-host and AAHOA will man a booth on the trade show floor. To ensure the health and safety of attendees, organizers will provide masks or face shields, have temperature scanners on site, and encourage social distancing. See you there!

March 9-11

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Live Event

Time and Space Are Running Out! Sign Up to Get Your CHIA Certification Today!

AAHOA Members, have you registered yet to take advantage of AAHOA's virtual Certification in Hotel Industry Analytics (CHIA)? If not, you better hurry because space is limited and is selling out fast. The CHIA is the leading certification for industry professionals focused on analytics. Held in partnership with STR, AHLEI, and ICHRIE, this program teaches you how to read, understand, and interpret statistical hotel data to help you strategically set rates and make business decisions. The exam is a timed 90 minutes and will be administered Friday, March 26 through Monday, March 29 at 11:59 p.m. EDT. Register today to get your certification!

March 26-29

Sign Up Today

Webcast

How to Leverage Forward-Looking Data to Identify Future Recovery Trends

AAHOA has teamed up with myDigitalOffice to deliver forward-looking market performance metrics to our members and to the broader hotel industry. Join us to learn how to accelerate your market coverage and maximize the value you'll gain from the MAPP report and exactly how this data might impact your hotels and your recovery efforts.

1 p.m. EST Thursday, Feb. 18

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Upcoming Industry Events & Webcasts

Webcast

TOMORROW | Trepp Community Call: The Impact of COVID-19 on CRE and What to Expect in 2021

Join Trepp and special guest experts from UNC Kenan Flagler School of Business, Commercial Real Estate Direct, and the University of Wisconsin-Madison School of Business as they discuss the impact of COVID-19 on CRE and REITs. Speakers also will compare the CRE distress faced during and after the Great Financial Crisis to COVID-19.

3 p.m. EST Wednesday, Feb. 17

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Webcast

Update on Hotels in CMBS Special Servicing: What's Next in Round Two?

In this webinar, hosted by JMBM Global Hospitality Group®, industry experts will break down the current state of the distressed hotels market and CMBS special servicing. This program will explore the economic forecast for the hospitality industry in 2021 and beyond and try to answer your most pressing questions.

1:30 p.m. EST Thursday, Feb. 18

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Webcast

USTA: The Technologies Revolutionizing the Future of Travel

Tune in for the next Assessing Recovery webinar, which will focus on how the growing use of biometrics and various touchless solutions throughout the traveler journey will help drive the future of safe, secure, and efficient travel. Learn how airlines, airports, hotels, and other industry segments are leveraging these technologies to promote an enhanced travel experience.

12 noon EST Thursday, Feb. 18

Register Now