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If you own a hotel, you know technology and guest expectations are changing hospitality. In an effort to step outside of the traditional hotel format and meet the new needs of travelers, the aparthotel concept is growing in popularity and giving people a unique lodging option. The aparthotel model combines serviced apartment living with the facilities of a hotel.
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The Coalition of Franchise Associations is hosting the 2022 CFA Day Forum on June 22 in Washington, D.C. The CFA Day Forum brings franchisees from 23 different brands to meet with lawmakers and discuss policies that impact small business owners.
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AAHOA Member and Noble Investment Group CEO Mit Shah has seen the hospitality industry face the Russian financial crisis in 1998, the dot-com bust in 2000, 9/11 turmoil, the Great Recession in 2007-2008, and now, the Covid-19 pandemic. Even though he had to adjust the hotel business to the pandemic reality, Shah believes the hospitality industry will recover and experience pre-pandemic numbers.
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AAHOA Members, the hospitality industry, and the nation experienced many changes due to the pandemic. In an effort to keep guests and employees safe over the last two years, hotel owners adjusted many of their policies, including their breakfast service.
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In celebration of AANHPI Heritage Month, the U.S. Small Business Administration will host a virtual armchair discussion with Jennifer Kim, Associate Administrator, Office of Field Operations; Michael Fong, Regional Administrator for SBA Region X; Chiling Tong, President and CEO, National Asian/Pacific Islander American Chamber of Commerce & Entrepreneurship; and Dr. Guofang Wang, Co-Owner of Everest Medical Group in Upper Darby, PA. The discussion will focus on the importance of financial wellness, creating generational wealth through business ownership, and increasing equity and access to opportunities to help uplift and support Asian American, Native Hawaiian, and Pacific Islander-owned small businesses.
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AAHOA Lifetime Members Kiran C. Patel and Pallavi Patel are well-known philanthropists, entrepreneurs, and medical professionals within the Tampa Bay and Indian communities.
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The demand for hotel rooms is projected to increase as more people make plans to travel across the country. Lodging Econometrics (LE) recently analyzed eleven markets in the U.S. and forecasted 230 hotel projects/32,599 hotel rooms to open in those markets this year.
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U.S. hotel performance improved from the previous week, according to STR‘s latest data through 14 May (percentage change from comparable week in 2019*):
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For hotel developers, an increase in population within specific markets means demand for more hotel rooms. According to CoStar data, the U.S. population increased by 3.4% while the supply of hotel rooms across the country grew by 2.7% from 2015 to 2020.
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AAHOA has recently been made aware of a bullying incident at a Texas middle school last week.
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Dear Administrator Guzman,
I am writing to urge the swift allocation of funds to the COVID Economic Injury Disaster Loan (EIDL) program. On May 6, U.S. Senate Committee on Small Business & Entrepreneurship Chair Ben Cardin and U.S. Senate Appropriations Subcommittee on Financial Services and General Government Chair Chris Van Hollen (both D-Md.)
penned a joint letter to the SBA regarding the processing of outstanding EIDL loans and the early closure of the program, which has left potential borrowers prematurely excluded from receiving loans. Additionally, I urge your administration to consider allocating any funds available to reopen the relief program to new applicants.
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AAHOA launches its charity golf tournament series next week! The North Central Regional Charity Golf Tournament will be on Wednesday, May 25 at the Glenview Golf Course.
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Morning Consult for U.S. Travel Association recently surveyed vaccinated international travelers in France, Germany, the United Kingdom, South Korea, Japan, and India and found that 47 percent of the respondents are unlikely to visit the U.S. in the next 12 months due to pre-departure testing requirements.
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Memorial Day weekend unofficially marks the beginning of summer, and hotel owners across the U.S. are preparing to welcome new travelers. AAA predicts 39.2 million people will travel for the three-day weekend to gather with family and friends and enjoy the warm weather.
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AAHOA Lifetime Member Jay "Trini" Patel discusses his contributions to the city of Charlotte, NC, his accomplished career in the hospitality industry, and his time with AAHOA.
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The Department of Homeland Security (DHS) and the Department of Labor (DOL) announced today the availability of an additional 35,000 H-2B temporary nonagricultural worker visas during the second half of fiscal year (FY) 2022. These visas are for U.S. employers seeking to employ additional workers on or after April 1, 2022, through Sept. 30, 2022.
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Marriott International Inc. collaborated with Yahoo to launch the Marriott Media Network. The new media network will let advertisers reach the target audience based on hotel guest data.
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As of January 1, 2022, SBA stopped accepting applications for new COVID-19 EIDL loans or advances. As of May 6, 2022, the COVID-19 EIDL funds are exhausted.
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The CFA Day Forum brings franchisees from 23 different brands to meet with lawmakers and discuss policies that impact small business owners. This event includes a full day of learning about legislative issues specific to franchising, meeting with members of Congress, and sharing your voice on the Hill.
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During AAHOACON22, AAHOA introduced its updated 12 Points of Fair Franchising (the “12 Points”) as an educational primer. Did you miss the 12 Point panel conversation that took place on the General Session mainstage? You can now watch the full panel session and get the latest updates from franchise experts and hospitality leaders.