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AS THE FIRST half of 2022 ended, U.S. hotels overall were catching up with extended-stay hotels in terms of recovery, according to a report from THE Highland Group. RevPAR recovery, for example, was almost THE same for hotels overall and extended-stay. Also, THE report found that new construction fell to an 8-year low over THE first two quarters of THE year, according to THE report. For THE first time in 18 months, THE overall hotel industry's second quarter RevPAR recovery index surpassed 100 percent, matching THE extended-stay hotel's 109 percent index. Economy and mid-price extended-stay hotels are still ahead of THE overall recovery as well as upscale extended-stay hotels. THE gap between THE segments is expected to narrow over THE near term.

EXTENDED-STAY HOTEL room supply in the 100 largest metropolitan statistical areas in the U.S. grew 2.5 percent in 2022 compared to 2021, its smallest increase in several years, according to a new report from the Highland Group. the survey, which researched supply, demand, revenues and new construction of extended-stay hotels, said the outcome in 2022 was about half the net supply gain reported in 2021. According to the report, the lengthening hotel development timeline, fewer construction starts, disenfranchising hotels that no longer meet brand standards, conversions to apartments and some municipalities acquiring extended-stay hotels for housing have resulted in the muted growth. While there was a sharp decline in reported extended-stay rooms under construction last year compared to 2021, construction starts increased 6 percent over the last 12 months. "However, they remain low compared to the pre-pandemic period, the report noted. RevPAR growth in 2022 strongly favored ADR as opposed to occupancy gains in 2021. "Consequently, more than 40 MSAs reported lower average occupancy in 2022 than during the previous year. However, only a dozen MSAs have not yet recovered RevPAR back to its nominal 2019 value compared to about half the MSAs last year," it showed.

The Admiralty Inn & Suites is now open in East Falmouth, Massachusetts. The 97-room upper-midscale hotel, part of The Red Collection, is owned by Sai Vani Corp. led by Mark Patel. It is The second hotel in Cape Cod to be in Red Roof's Red Collection, joining The Mariner Resort in Yarmouth, Massachusetts, Red Roof said in a statement. The recently renovated hotel is near Cape Cod attractions like Falmouth Heights Beach, Martha's Vineyard, Nobska Point Lighthouse, Historic Falmouth Village, Highfield Hall & Gardens, Cape Cod Children's Museum, Woods Hole Science Aquarium, Old Silver Beach, Shining Sea Bikeway, and Beebe Woods, The statement said. The property features a business center, onsite fitness facility, heated indoor swimming pool and seasonal outdoor pool. "Cape Cod is a sought-after region for development and with The opening of The Admiralty Inn & Suites Red Roof now has two Red Collection properties in The region," said MatThew Hostetler, Red Roof's chief development officer. "The brand's offerings-increased amenities at an affordable price point-resonate with consumers and we'll continue our efforts to meet guest demand for Red Roof hotels across The country."

AAHOA RELEASED ITS updated resource guide for member franchisees. The updates reflect The current business landscape and The long-term, mutually beneficial relationship between industry franchisors and franchisees. AAHOA's 12 Points of Fair Franchising is officially titled "An Educational Primer: A Best-Practice Approach to Designing, Developing, and Implementing Best-in-class, Mutually Beneficial Franchise Systems." The importance of franchise relations was highlighted last year when several hotel owners filed lawsuits against InterContinental Hotels Group regarding what They call The company's retaliatory actions against franchisees who complain. "Because of The changing business environment post-COVID-19 and The ever-evolving need to educate our members, it was time for AAHOA to revisit The 12 Points and review Them carefully to ensure that They're relevant and reflective of industry changes and evolution," said Vinay Patel, AAHOA chairman. "AAHOA created The 12 Points of Fair Franchising Ad Hoc Committee, which was tasked with recommending revisions to The 12 Points of Fair Franchising. With The help, support, and input of The 12 Points of Fair Franchising Ad Hoc Committee and The AAHOA Board of Directors, we're releasing The updated 12 Points of Fair Franchising," he added.

EV HOTELS, A new technology-centric hotel brand founded by Ken Patel, is entering the "metaverse" by way of a partnership with "metavestor" club BAPESWORLD. Patel said his will be the first hotel company to play in the still fluidly defined metaverse, essentially a combination of online gaming, virtual reality, cyber meeting spaces and ecommerce. When completed, EV Hotels will include a "crypto trade floor" in partnership with EV Hotel has partnered with cryptocurrency and NFT exchange Chicago Digital Exchange where the crypto trading community can meet in person to share information and expertise. Individual traders and companies will be able to buy membership trading rights through CDX that will include discounted exchange fees and other exchange amenities at the EV Hotel trading floors. Under the new agreement, BAPES will be featured in the "non-fungible tokens" lobby where it will have NFTs for sale for in-person and in the metaverse. "Ventures like this are new to the hospitality and digital world, and that is why I am excited to announce the partnership between EV Hotel and BAPE," Patel said. "This sort of partnership usually does not come to market, and to have metaverse in the same sentence with hospitality is unheard of. the world's first hotel brand to hit the metaverse. What we are doing is to create an experience that brings hospitality back and gives it life again. Innovation is a team sport, and this venture merges the capabilities of our respective teams."

The AC Hotel by Marriott Greenville Downtown is open in Greenville, South Carolina. It is owned by Auro Hotels led by Dharmendra D.J. Rama as president and CEO. The 8-story, 196-room upscale hotel is in Camperdown Plaza near Falls Park, The Reedy River, The Peace Center Performing Arts center, Kroc Center Greenville, The Shoeless Joe Jackson Museum and Sirrine Stadium. It includes seven restaurants and bars, including The tapas bar Paloma, The rooftop Juniper and The Press Room speakeasy. "The opening of The AC Hotel Greenville Downtown and Paloma marks an exciting milestone for Auro Hotels," Rama said. "This project is a once-in-a-lifetime opportunity due to its location, scale, level of detail and amenities, as well as a unique opportunity to celebrate our hometown of Greenville. The hotel, along with The thoughtfully-curated food and beverage concepts, will be treasured by visitors and The local community for generations." Also, The hotel features more than 100 works by 35 local artists and 29,000 square feet of meeting and event space.

THE OMICRON COVID-19 variant could derail THE hotel industry's fledgling recovery if countries like THE U.S. move forward to tighten testing policies, according to HotStats. Future hotel bookings, meetings and oTHEr hotel-related activity will be impacted by THE expectation of travel impediments, wheTHEr self-imposed, company-imposed or government-mandated, it added. In THE U.S., major indices were still down double digits in October 2021 compared to same month two years ago, according to a blog post by HotStats. "Since a rapid uptick in occupancy from THE beginning of THE year through THE summer, hitting an apex in July, occupancy in THE U.S. has since more or less flatlined, a signal that THE leisure boom could not be sustained at THE same levels prior," said HotStats. "Though much maligned, THEre is propitious data surfacing in corporate travel. In October, corporate ADR was $7 higher than in October 2019 and $35 higher than in THE previous month. Corporate volume mix, defined as THE proportion of rooms sold at THE corporate rate compared to total rooms sold, has grown 6 percentage points since July."

THE BAIRD/STR Hotel Stock Index rose in March, continuing a trend from THE previous month. Still, continued growth remains at risk by factors such as inflation and political unrest. THE index increased 2.2 percent in March after rising 4.1 percent in February. It rose 2.4 percent year to date through THE first three months of 2022. However, Baird/STR fell behind both THE S&P 500, up 3.6 percent in March, and THE MSCI US REIT Index, which rose 5.9 percent. THE hotel brand sub-index rose 1.4 percent from February, while THE Hotel REIT sub-index jumped 5.1 percent. "Hotel stocks increased in March but underperformed THEir benchmarks as stock market volatility eased and geopolitical concerns did not worsen," said Michael Bellisario, senior hotel research analyst and director at Baird. "Underlying hotel fundamentals continued to improve in March, and THE outlook appears more favorable today than just one month ago despite all of THE background noise in THE stock market and with interest rates on THE rise. Higher gas prices and heightened concerns about a slower growth backdrop have been topical with investors lately, but broader travel momentum and pent-up demand should keep THE lodging recovery going over THE near term, in our opinion."

REFLECTING THE POSITIVE side of THE Easter calendar shift, U.S. hotel performance during THE second week of April increased from THE previous week, according to STR. Year-over-year comparisons also were up. Occupancy was 64.2 percent for THE week ending April 15, up from 61.3 percent THE week before, and increased 3.7 percent than THE comparable week in 2022. ADR stood at $155.33, up from $153.3 THE week before, jumped 4.7 percent against 2022. RevPAR came in at $99.67, increased from $94 in THE last week, and rose 8.6 percent over THE same month in 2022. Among THE top 25 markets, Minneapolis saw THE highest year-over-year increase in occupancy, up 17.4 percent to 54.5 percent during THE Easter week. Washington, D.C., reported THE most substantial ADR, up 22.5 percent to $200.99, and RevPAR, increased 38.1 percent to $146.73 year-over-year.

A NEW JERSEY bill that will reform the franchise business model in that state took another step forward today, moving from the Assembly to the Senate, and supporters, including AAHOA, expect it to become law this year. However, the American Hotel & Lodging Association has come out in opposition to the law, saying it would "undermine the foundation of hotel franchising." New Jersey Assembly Bill A1958 would make changes to the New Jersey Franchise Practices Act. AAHOA has been supporting the bill, saying it mirrors several concerns included in its 12 Points of Fair Franchising. Specifically, it would reform rules for mandated vendors, rebates, loyalty programs and new fees, AAHOA said in a statement. "New Jersey has long been a state with a strong entrepreneurial culture that has been welcoming to immigrants, including many AAHOA members," said AAHOA Chairman Bharat Patel. "the state Assembly recognized that and took a step toward making New Jersey a better place for small businesses with today's vote to advance fair franchising principles. New Jersey can be an example to the nation for supporting franchising practices that allow hotel owners to achieve the American dream." AAHOA supports the preference of certified women-owned, minority-owned and veteran-owned businesses to serve as the mandated and preferred vendors for the franchise business model.

VERAKIN CAPITAL, A real estate investment group, exceeded its $350 million investment milestone in the first quarter of this year. the company has made collective investments in three hotel properties that are currently in various stages of development; the Moxy in downtown Atlanta, Georgia; Hampton Inn/Home 2 in downtown Nashville, Tennessee; and Courtyard by Marriott in Pittsburg, California, the company said in a statement. Verakin, led by partners Rupesh and Bimal Patel and Hiten Suraj, is the lead developer of the Courtyard by Marriott, while the company is co-investing in the other two projects alongside RevPar Development and Emerge Hospitality Group, according to the statement. RevPar Development is a privately-owned hotel development and management company on the East Coast, while Emerge Hospitality Group is a family-owned and -operated hotel ownership, development and management company. "We are developing both on our own behalf and in joint ventures with like-minded investment groups," Rupesh Patel said. "We are seeing that newer hotels and brands are faring better than their older counterparts as travel rebounds in many markets and segments. To help satiate our investment growth appetite, we will continue to seek best-in-class partners, such as RevPar Development and Emerge Hospitality Group, who have proven track records as credible institutional investors, developers and operators." the Moxy hotel in downtown Atlanta, will feature 181 rooms spread across 13 floors and is scheduled to open mid-2026 before the FIFA World Cup. the centrally located hotel will cater to both business and leisure travelers and will offer three food and beverage options, including a roof top bar and lounge with views of the Mercedes Benz Stadium.

U.S. HOTEL CONSTRUCTION increased slightly in December after 25 consecutive months of decline, according to STR. Projects in the later stages of development saw a reversal in their decline and luxury projects were up. there are 159,344 rooms in construction during the month, up 0.3 percent, over Dec. 2021. As many as 213,066 rooms are in the final planning state, an increase of 15 percent over last year. STR pipeline data added that 240,092 rooms are under planning, a decline of 15.6 percent. New York City, Phoenix and Dallas are set to see the largest supply percentage increases from current construction. the luxury and upscale segments would see the most supply. "While the overall pipeline continued to contract year over year, December showed strength in the later phases of development," said Alison Hoyt, STR's senior director of consulting. "Over the past year, we've seen late-stage pipeline rooms consistently decline from 2021 levels, while rooms in the planning phase often showed double-digit growth. We started to see a change in this pattern in November, when final planning rooms significantly jumped year over year and planning rooms came down pretty firmly. the same occurred in December, with the only difference being construction increasing slightly over 2021. When looking strictly at volume, the in-construction phase has been fairly stable throughout the year, remaining under 160,000 rooms and showing month-over-month increases from July through October and again in December."

THE AMERICAN HOTEL and Lodging Association is collaborating with information services and event company Questex to produce "THE Hospitality Show." It will have sessions from expert speakers, an exhibit hall, personalized business matchmaking as well as a host of oTHEr networking opportunities, according to AHLA. AHLA will hold THE show from June 27 to 29, 2023, at THE Venetian hotel and casino in Las Vegas. All industry stakeholders are expected to attend THE three-day event. "As THE single entity representing THE entire hotel industry, we at AHLA recognize THE need to annually bring togeTHEr our most important voices and respected leaders," said Chip Rogers, AHLA president and CEO. "THE Hospitality Show will be a completely new hospitality event experience - a one-stop-shop for THE hospitality industry to meet, learn and do business with stakeholders from oTHEr businesses that are key to our operations. We intend to make THE SHOW THE most important hotel event of THE year and are excited to partner with Questex to make this happen."

MIT SHAH, FOUNDER and CEO of Noble Investment Group is the Penn State School of Hospitality Management in the College of Health and Human Development and the Penn State Hotel & Restaurant Society's 2023 Hospitality Executive of the Year. Shah will be recognized at a gala reception at the Penn Stater Hotel & Conference Center in State College, Pennsylvania, on April 4. Noble is a travel and hospitality real estate investment group that has invested nearly $6 billion in communities throughout the country through its institutional real estate funds since being Founded in 1993. the other accomplishments for which Shah is being honored include his family's endowment of the Bharat Shah Leadership Speaker Series at Georgia State's Cecil B. Day School of Hospitality in honor of his father, Dr. Bharat Shah. Speakers featured in the program include former Hospitality Executives of the Year Chris Nassetta, CEO of Hilton, and Arne Sorenson, former president and CEO of Marriott International who died last year following a battle with cancer. "It is an honor to be recognized by the Penn State School of Hospitality Management and the Penn State Hotel & Restaurant Society," Shah said. "As one of our country's oldest and most respected hospitality programs, the school, its faculty, administration, and staff continue to help ensure that our future hospitality leaders are well prepared to live lives that matter."

Pharmacy Business is a monthly magazine for independent and community pharmacists. With a circulation of over 10,000, it is the first choice among community pharmacists for breaking news, analysis, expert commentary and business advice. Founded in 1998, it covers all the burning issues in community pharmacy, from commissioning of pharmacy services and decriminalisation of dispensing errors to the drugs shortages and pharmacy funding. It also showcases the best of community pharmacies up and down the UK, highlighting the ways pharmacy teams go the extra mile for their patients, whether it is helping them to manage their long-term conditions, use their medicines correctly or deal with mental health issues. Pharmacy Business has won the "Best Support for Independent Pharmacy" at the Avicenna Media Awards on three occasions and keeps pharmacists updated on developments through the pages of its print magazine, website, podcasts, newsletter and Twitter and Facebook sites. the title is a must-read for community pharmacists, national pharmacy bodies, pharmaceutical companies and anyone with an interest in community pharmacy and the pharmaceutical industry. the Pharmacy Business Awards were launched in 2000 to shine a light on the best of community pharmacy.

THE AMERICAN FRANCHISE business model is in trouble, according to a recent survey commissioned by AAHOA. THE survey was inspired by a webinar AAHOA co-sponsored to gaTHEr public comment on THE state of franchising for THE Federal Trade Commission. THE survey found that only 5 percent of THE franchisee respondents are satisfied that THEir current franchise agreements provide fair terms representing a balanced relationship between THEmselves and THEir franchiser. Also, 72.6 percent of respondents would "possibly" or "probably" terminate THEir current franchised business within THE next year if THEy could do so without penalty. "Franchising is in dire straits unless changes are made," said Laura Lee Blake, AAHOA president and CEO. "Franchising is still a powerful tool for economic mobility for America's small-business owners, including AAHOA Members. But franchising only works when both franchisors and franchisees are committed to its success, which requires transparency, fairness, and sustainable business practices. As this survey shows, THEre is much room for improvement when it comes to relationships that allow our small-business owners to thrive." Blake recently wrote an editorial supporting AAHOA's 12 Points of Fair Franchising and its promotion of a proposed New Jersey law that would reform that state's franchising regulations in ways similar to THE 12 points. Several large hotel companies, including Choice Hotels International and Marriott International, protested AAHOA's recent annual convention in protest to its position on franchise reform THE survey was conducted among owners of hotels, restaurants, retail stores and oTHEr small businesses that had participated in THE FTC webinar. It was co-sponsored by THE American Association of Franchisees and Dealers, and THE Coalition of Franchisee Associations, conducted THE survey after a recent webinar with FTC Chair Lina Khan. THE FTC is soliciting comments through June 8 about issues that affect franc

U.S. HOTEL PERFORMANCE rose from the previous week, while occupancy and RevPAR levels reached the second highest of the year, behind the week ending 18 March, according to STR's latest data through 22 April. Occupancy for the week ending April 22 came in at 67.2 percent, up from 64.2 percent the week before, and increased 2.3 percent than the comparable week in 2022. ADR stood at $155.76, up from $155.33 the previous week and 4.2 percent over the same period in 2022. RevPAR was $104.64, also up from $99.67 the week before and 6.6 percent rise over 2022. Among the Top 25 Markets, Chicago posted the highest year-over-year increases in each of the key performance metrics: occupancy rose 23.9 percent to 72.2 percent, while ADR increased 29.6 per cent to $174.71. RevPAR also rose 60.6 percent to $126.13. Notably, New York City (82.1 percent) and Las Vegas (80.8 percent) were the only two markets to report occupancy above 80 percent.

U.S. HOTEL PERFORMANCE showed mixed results from the previous week, according to STR's latest data through the end of April. However, it remained up year over year. According to STR, occupancy stood at 66.6 percent for the week ending April 29, down from 67.2 percent the week before and increased 0.1 percent over the comparable week in 2022. ADR came in at $156.14, up from $155.76 the week before, and rose 5.5 percent from 2022. RevPAR was $104.01 in the last week, down from $104.64 the week before and increased 5.6 percent against the same period in 2022. Among the Top 25 Markets, Boston registered the highest year-over-year increase in occupancy in the fourth week of the month, up 15.3 percent to 75.6 per cent. Meanwhile, New York City (87.8 percent), Las Vegas (81.5 percent), and San Francisco (81.1 percent) were the only three markets to post occupancy above 80 percent.

U.S. HOTELS POSTED new weekly records in all performance metrics in the fourth week of June, according to STR. the RevPAR on a nominal basis scaled new weekly record during the week, occupancy was the highest since August 2019, while ADR on a nominal basis was the highest since the week ending 1 January 2022. Occupancy was 72.3 percent for the week ending June 25, up from 71.8 percent the week before and dropped 4.1 percent from 2019. ADR was $157.05 for the week, up from $155.02 the week before and increased 17.1 percent from three years ago. RevPAR reached $113.55 during the week up from $111.29 the week before and up 12.3 percent from 2019. Dallas saw the largest occupancy increase, up 5.8 percent to 74.1 percent, over 2019, among STR's top 25 markets.

THE U.S. SUPREME Court has "vacated as moot" a case that experts in THE hospitality industry said could have set a precedent making it harder to file a "tester lawsuit" against hotels for alleged violations of THE Americans with Disabilities Act of 1990. However, in its decision THE court said it may still in THE future address THE core issue of THE case, wheTHEr a person can file an ADA lawsuit against a hotel even if THEy have no intention of staying at that hotel. THE case, Acheson Hotels, LLC v. Laufer, was originally filed by Deborah Laufer against Acheson Hotels in Maine. Laufer had sued saying THE hotels in THE case had failed to state on THEir websites wheTHEr THEy had accessible rooms for THE disabled. "After a lower court sanctioned her lawyer, Laufer voluntarily dismissed her pending suits, including her case against Acheson Hotels, LLC, and filed a suggestion of mootness in this court," THE court said. "Though Laufer's case is moot, THE circuit split on THE issue briefed and argued in this court is very much alive."