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Your Daily AAHOA Update for Wednesday, Nov. 25, 2020

Today's Top Stories

Fewer Americans Traveling This Thanksgiving Amid Pandemic

Thanksgiving will be on the lighter side when it comes to the typical number of travelers on the roads and at airports. According to AAA Travel, effects of the COVID-19 pandemic, including health concerns and high unemployment, are impacting Americans’ decisions to travel for the Thanksgiving holiday. With health and government officials stressing that staying home is the best way to protect yourself and others from getting sick, AAA anticipates at least a 10% drop in travel – the largest one-year decrease since the Great Recession in 2008. AAA projects 50 million Americans will travel this Thanksgiving. In Georgia, the expectation is 1.6 million travelers. However, these figures could be even lower as Americans monitor the public health landscape, including rising COVID-19 positive case numbers, renewed quarantine restrictions, and the Centers for Disease Control and Prevention’s (CDC) travel health notices.

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CMBS Week in Review: Hotel Sector in Dire Straits; FHFA News for Fannie and Freddie

U.S. stocks edged notably lower on Friday as rising coronavirus cases sparked concerns about new lockdown measures. News that the U.S. Treasury does not plan to extend a number of Federal Reserve relief programs also served to offset encouraging developments on the vaccine approval front. Data provided by Solve Advisors show that the three largest BWIC listings for last week had a combined notional amount between $60 million and $200 million. The largest that went out for bid was a $200-million mixed list of 2011-2019 agency and conduit AAA IOs. Also in the bid was a listing of single-asset paper backed by a luxury hotel resort in Southern California issued in 2019. Secondary trading volume was roughly $900 million with agency and IO bonds excluded.

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HotStats: 4 Reasons GOPPAR Should Be on Your List of KPIs

With the pandemic still raging and hotel operations still in flux, hoteliers are still left figuring out what to do next. Churning out profit in the age of COVID is a Herculean task, but consulting the right data can be a step in the right direction. Unfortunately, if you’re relying solely on narrow KPIs such as RevPAR to craft your hotel performance plan, you might as well be building a house of cards. It’s bound to collapse when the slightest breeze picks up. Looking for a hotel KPI that’s guaranteed to support a stronger hotel performance plan? Try gross operating profit per available room (GOPPAR) on for size. This rock-solid metric is the secret to revealing opportunities and driving more profit. If you want to lift hotel profits, there are four reasons GOPPAR needs to be on your list of KPIs.

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What Members Are Saying...

“My hat’s off to AAHOA and their leadership for educating all of us again and again on PPP loan applications and the process. ... AAHOA was there from day one.

Thank you, AAHOA.”

– AAHOA Member

Upcoming AAHOA Events & Webcasts

Webcast

Getting Back to Business: I Want to Win the Ball Game: The Owner/GM as the Hotel’s Chief Strategy Officer

The hotel industry is currently facing an unprecedented challenge. How do you take control and guide your team to success amid the uncertainty? Join us to learn how to create a winning strategy that will guide your hotel to a fourth-quarter comeback. This webinar will focus on the difference between strategy and tactic, and why accountability matters when it comes to getting management to “buy in” to the new paradigm of hotel excellence.

3-3:30 p.m. EST Wednesday, Dec. 2, 2020

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Virtual Event

The Countdown Has Begun: Our 2020 Regionals Series Is Winding Down!

Next week will mark the beginning of the end for AAHOA’s 2020 Regionals Series. The AAHOA North Texas, South Central Texas, and Southeast Texas Regional: A Virtual Experience (2 p.m. to 6 p.m. CST Wednesday, December 2) and the AAHOA Alabama, Florida, and Georgia Regional: A Virtual Experience (2-6 p.m. EST Thursday, December 3) will bring to a close our inaugural virtual series, so don’t miss out. You will hear from industry leaders and subject-matter experts in your local area on issues that matter most to you and you also can take advantage of unparalleled networking and trade shows. All Regionals are FREE for AAHOA Members and the entire industry, and you can attend both of these finals events if you want. Reserve your spot today!

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