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AAHOA MEMBERS RECENTLY testified in support of New Jersey Assembly Bill 1958, which would make changes to the New Jersey Franchise Practices Act that could benefit the hospitality industry. The association's support for specific parts of the bill is at the center of a division between AAHOA and two major hotel companies over franchise reform. On March 22, 30 AAHOA members attended a hearing of the New Jersey Assembly Commerce and Economic Development Committee during which the bill was passed out of the committee. Several of the members also testified, according to AAHOA. AAHOA members own 45.4 percent of New Jersey hotels, representing 46,124 rooms, the association said. "As the largest hotel owners association, representing the exclusive interests of America's hotel owners, AAHOA showed up in New Jersey to testify in support of amendments to the legislation to improve the franchise model," said Nishant "Neal" Patel, AAHOA chairman. Last May, a contingent of AAHOA members testified in favor of the bill in front of the New Jersey Assembly Judiciary Committee, particularly the aspects of the bill that match AAHOA's 12 Points of Fair Franchising. Specifically, the franchise reform changes supported by AAHOA include restricting non-competes for longer than six months; prohibiting requiring a relocation or capital investment greater than $25,000 more than once every five years unless hotel franchisers can establish a return on the investment; requiring a franchiser that receives "any rebate, commission, kickback, services, other consideration or anything of value" to fully disclose them to the franchisee and turn them over to the franchisee; putting restrictions on mandatory sourcing of goods or resources; and prohibiting suspending, restricting or preventing access to franchise services.

GOPPAR FOR U.S. hotels in February exceeded the levels of the pre-pandemic comparable time period and was the highest since October 2022, according to STR's February 2023 Profit & Loss data. EBITDA was the only key bottom-line metric on a per-available-room basis to come in lower than February 2019, STR said in a statement. GOPPAR reached $77.37 for the month, up 1.6 percent over the same month in 2019, TRevPAR stood at $217.20, up 3.7 percent, and EBITDA PAR was $51.63, down 0.6 percent against February 2019. Labor costs were $73.70, a 2.9 percent increase. "The profit-and-loss metrics followed typical industry trends, improving from the prior month," said Raquel Ortiz, STR's director of financial performance. "Both GOPPAR and GOP margins were the highest since last fall, while profit margins came in just one percentage point below 2019. Profit margins for limited-service hotels are further behind in recovery than full service, likely due to increasing labor costs that bear heavier weight on the bottom line." "An increase in top-line group demand is beginning to show in the bottom line, as catering and banquet revenues are inching closer to 2019 levels and meeting space rentals and services charges surpassed that threshold. On a per-operating-room basis, nearly all F&B revenues outpaced the pre-pandemic comparables," Ortiz added. Of the major markets, 10 realized both GOPPAR and TRevPAR levels higher than the 2019 comparables, the statement said. "February was a slower month for markets that are more dependent on groups and conventions, such as Atlanta, San Francisco and Minneapolis," Ortiz further said. "Warmer markets have remained at the top, with Phoenix showing the highest TRevPAR recovery and second highest GOPPAR recovery for the month, helped by peak season and Super Bowl LVII."

THE PROPOSED FRANCHISE reform legislation in New Jersey that has driven a rift between AAHOA and several large hotel companies has stalled in the state's legislature. AAHOA said it was misinformation that delayed the bill's passage, while the American Hotel & Lodging Association said the bill "would have destroyed the hotel industry's franchise model." It will return Assembly Bill 1958 would make changes to the New Jersey Franchise Practices Act that could benefit the hospitality industry, AAHOA said previously. Specifically, the changes include restricting non-competes for longer than six months; prohibiting requiring a relocation or capital investment greater than $25,000 more than once every five years unless hotel franchisers can establish a return on the investment; requiring a franchiser that receives "any rebate, commission, kickback, services, other consideration or anything of value" to fully disclose them to the franchisee and turn them over to the franchisee; putting restrictions on mandatory sourcing of goods or resources; and prohibiting suspending, restricting or preventing access to franchise services.

ONE VERSION OF a proposed New Jersey bill that would reshape hotel franchising in the state has passed out of committee in the Assembly but efforts reportedly are under way to amend it to address opponents' concerns. The Senate version of the bill remains in committee. The American Hotel & Lodging Association, a long-time critic of the proposed legislation, called the Assembly Committee on Commerce, Economic Development and Agriculture's passage of the bill a "dangerous step forward." Supporters of the bill, including AAHOA as well as sponsors of the bill, did not respond to requests for comment in time for this article. What's at stake The bills, A3495 in the Assembly and S2336 in the Senate, were introduced at the beginning of the year to replace the original legislation that stalled in the state's legislature last year. It is essentially the same as its prior incarnation. Specifically, the provisions include restricting non-competes that are longer than six months; prohibiting requiring a relocation or capital investment greater than $25,000 more than once every five years unless hotel franchisers can establish a return on the investment; requiring a franchiser that receives "any rebate, commission, kickback, services, other consideration or anything of value" to fully disclose them to the franchisee and turn them over to the franchisee; putting restrictions on mandatory sourcing of goods or resources; and prohibiting suspending, restricting or preventing access to franchise services.

U.S. HOTEL INVESTOR sentiment remains robust, with investors indicating an increase in hotel acquisitions in 2024, according to a recent survey by CBRE Hotels Research. About 35 percent of survey respondents expect acquisition activity to remain the same as in 2023, while less than 16 percent anticipate a decrease. Despite high interest rates, more than 70 percent are targeting value-added and opportunistic hotel investments. CBRE's Global Hotel Investor Intentions Survey, which included more than 130 respondents responsible for U.S. investments, found that value-added acquisitions offer opportunities to reposition assets by adding rooms, redesigning interiors, or adding amenities to increase returns and long-term value.

The capital of Mexico, the Mexico City is the largest and the most populated city in the whole of Southern America. This city is by no means less than any major metropolis in the world with different cultural and social centers. In fact Mexico City is the only city in the world to have more number of museums than any other city in the world, apart from museums and theaters the Chapultepec Park, the ancient neighborhood of Coyoacan and different other spots that you will enjoy to the fullest. To know more about this amazing and the ancient city visit http://www.holidaymood.co.uk/flights/mexico-city.aspx and get the deals on Mexico City Flights.

Hong Kong is a country where the arrival of tourists is increasing day by day. According to the Tourism Commission of the country, in the year 2012 a total of 48.6 million tourists visited there and the increase is 16% in comparison to the previous year 2011. The various modes of reaching the country are in fact another reason why people prefer to travel to this country. The Airport of the country is ranked as one of the best airports of the world as more than 100 flights operate from here to more than 24 countries. People staying adjacent to the country can also visit by sea as there are a number of ships that operate every day.

The leading carrier of India - IndiGo Airlines - operates more than 550 flights every day. It serves around 37 domestic and international destinations with a fleet size of 90 aircraft. This low-cost carrier (LCC) operates under the company InterGlobe Enterprises, which has its headquarters in Gurgaon. Most of its flights are operated from its primary hub at Indira Gandhi International Airport, Delhi. Currently, this LCC owns more than 36 per cent market share and has geared itself up for the coming challenges. It recently announced its Valentine Day offer to attract a large number of fliers.

If you want to be a part of this magical experience, than there is no better place than airtravelexperts.co.uk as part of our endeavor towards our clients we are committed to get you the best of the flights to Cape Town from London Heathrow and the best of flying experience ever!

If you are looking for the perfect spot for an autumn escape, why not book a holiday to the Costa del Sol? With more than 320 days of sunshine and blue skies, this beautiful stretch of Spanish coast is so much more than a summer destination. Visiting out of season brings its own special perks and offers a chance to discover a different side to the Costa del Sol. Best places to experience away from the July and August crowds include championship golf courses, dramatic perched villages, local vineyards, and unique vintage shops - all within easy reach from the best resorts on the Costa del Sol.

India is a land of more colours than you can imagine in a palette, so vibrant that it is more of a painter's dream than a country. So, here are some of the most colorful and lively festivals of India that you would just love being a part of...

Putting down your headphone and listening to the sound of birds, air, Waterfall, is so much better than the traffic noise or any other music. Nature gives you a firsthand experience that no gadget can ever provide. Having a regular daily routine makes the life so much boring and sad that sometimes it feels frustrated and leads to lack of real-world experience. There is so much in the world that can simply blow your mind, they just work magically to uplift your mind and soul, it instantly boosts up your energy which is so much better than getting any therapy. Many experts who love traveling have revealed their dream vacations that can help you out to move your ass and add any of these best vacation destinations on your bucket list this year.

There can be few things that feel more liberating than sitting in the saddle, powering yourself along many times faster than you could walk, yet just as able to feel with wind in your hair, while smelling the scents of the flowers or the sea air. Yet you can take a stop whenever you feel like it to explore some point of interest, enjoy a spot of lunch or visit one of the many historic buildings dotted around Wales.

Who are the best Canada Immigration consultants in Delhi? It is undoubtedly the Aptech Visa and Immigration consultants who are in this industry from more than 7 years now. The experts present here have handled more than 10,000 cases of Canada Permanent Residency. Majority of them are happily settled in the country. So, if you want to be a part of the organization that has hundred percent success rate of Canada PR, contact us now!

Monaco, more than any other place across the globe, epitomises a lifestyle of sophisticated opulence. Those who absolutely refuse to settle for anything other than the very best will rarely, if ever, be disappointed by any product, good, service or property that they find in the principality. Long known as a haven for the well-heeled, …

Jim Corbett National Park is home to more than 500 species of animals and birds and around 500 different species of plants. Hundreds of exotic animals, birds, and plants can be found here. The park is spread over more than 500 square meters area comprising hills, marshlands, river belts, and a large lake. The best way to explore the beauty of this place is by taking a Corbett jeep safari tour. The park has 5 zones, and each of them can be covered with the jeep safari tour. The zones are named as: ● Bijarani zone ● Jhirna Zone ● Dhela zone ● Dhikala zone ● Durga Devi zone

THE U.S. HOTEL industry is on track to full recovery from the COVID-19 pandemic, according to STR's latest industry forecast. Progress may be uneven, however, as some obstacles, such as labor costs, still remain. ADR will near full recovery in 2022, averaging $130 while occupancy for the year is predicted to reach 63.4 percent. RevPAR's average for the year is set to be $82,down 4 percent compared to 2019, but it is expected to be fully recovered in 2023, according to the forecast given at the 43rd Annual NYU International Hospitality Industry Investment Conference. STR and Tourism Economics said changes in the nation's economy warranted the new forecast. "We have essentially moved up the top-line recovery timeline by one year, with the caveat that improved RevPAR projections are largely due to ADR," said Amanda Hite, STR's president. "ADR has risen more rapidly than we expected-in some cases, that rise was due to strong demand confronting capacity constraints, which enabled solid revenue management, while in other cases, the rise was more influenced by inflation. When adjusted for inflation, RevPAR is further off the pace and will likely remain below 2019 levels until at least 2025. Other than the first quarter of 2021, demand has mostly adhered to the forecast with strong leisure travel, slowly improving group business and an expected progressive increase in international arrivals next year. Of course, these are all national projections of top-line performance. Recovery is not playing out the same across the marketplace, and as noted in our latest monthly P&L release, the cost of labor is adding pressure on the bottom line, which is a contributing factor to many hotels driving rate. Recovery is progressing at a solid rate no doubt, but there will still be plenty of ups and downs along the way."

NEARLY 500,000 HOTEL operations jobs lost during the pandemic will not returning to the industry before the end of the year, according to a report from the American Hotel & Lodging Association. In response, AHLA has launched the "Hotels are Hiring" ad campaign with the goal of filling more than 100,000 jobs in the industry. A surge in leisure travel has led to improved conditions for most U.S. hotels, but AHLA's economic analysis found the recovery is far from bringing the industry back to pre-pandemic levels. Urban markets in particular are lagging. Hotel occupancy is projected to drop 10 percentage points from 2019 levels, the report said, and room revenue is expected to drop $44 billion this year compared to 2019. State and local governments have lost more than $20 billion in unrealized tax revenues from hotels over the past two years. AHLA and AAHOA held the Virtual Action Summit on July 20 to 22 in which hoteliers from across the country met with members of Congress to ask for help.

NOBLE INVESTMENT GROUP has acquired two hotels in National Landing, a mixed-use development in Arlington, Virginia, near Washington, D.C. The acquisitions come days after the Atlanta-based company, led by Mit Shah as CEO bought two hotels in Savannah, Georgia. The hotels are the 162-room Hampton Inn & Suites National Landing and the 248-room Hilton Garden Inn National Landing. The neighborhoods of Crystal City, Pentagon City and Potomac Yard comprise the National Landing development, which includes of offices, residential, dining, retail, parks, bike paths, and walking trails. "National Landing is home to more than seventeen million square feet of office, a highly skilled workforce of more than 50,000 people, and an affluent residential population. Virginia's largest walkable downtown, National Landing, further benefits from billions of dollars in private and public investments," Noble said in a press release. "Most notably are the $2.5 billion Amazon HQ2 under development, which will create 25,000 new jobs in National Landing, and Virginia Tech's Innovation Campus, which is expected to drive a new era of technology for the greater Washington D.C. area."

THE OMICRON VARIANT has not good for the hospitality industry, but it hasn't been as bad as expected, which is a good sign for the future, according to HotStats. GOPPAR for November was up from the same time last year, but still down from 2019. GOPPAR for November was $55.68, down 29.4 percent from November 2019. It's also down from $68.97 In October, but according to HotStats that is not unusual for this time of year. "A typical spike in profit in October, normally gives way to a drop off in November," HotStats said. "ADR in the month was $7 higher than at the same time in 2019 after being well down in 2020. This helped drive both RevPAR and TRevPAR, which were both up triple digits over 2020, though still down considerably versus 2019." The appearance and rapid spread of Omicron, which originated in South Africa and by December was the dominant strain in the U.S., was a "noisy" intrusion, HotStats said, coming as it did while the country was still dealing with a spike from the Delta variant. However, it could turn out to "be more insipid than insidious."