Skip to content

Search

Latest Stories

New chairman turns a page in AAHOA’s history

At 26, Miraj Patel is the youngest person to assume the role

New chairman turns a page in AAHOA’s history

MIRAJ PATEL OFFICIALLY became AAHOA’s chairman as the association’s 35th Annual Convention & Trade Show in Orlando ended on Friday. At 26, he is the youngest person to take on the leadership role.

However, Patel also is a second-generation hotelier who began his career in hospitality at a young age, growing up in his family’s first 30-room independent property. He served as an AAHOA committee member for several years and joined the AAHOA board of directors in 2019 after being elected as young professional director Western Division.


“Serving as the youngest chair in the association's history further demonstrates AAHOA’s commitment to fostering the growth and success of the next generation,” Miraj said. “I’m always encouraging young professionals not to let age determine success. Many times, people may say you’re too young, but that is absolutely not true. There are so many folks who are young but still do whatever it takes to find success. If you never try, you’ll never know what you’re capable of achieving.”

Patel is president of Wayside Investment Group, a Texas-based company that specializes in making opportunistic investments in the lodging and hospitality real estate sector, according to AAHOA. He also serves on various industry associations and charitable organizations and continues to seek opportunities to make a positive difference.

“We look forward to working under his leadership to continue to advance the industry and position AAHOA as the only true voice of hotel owners in the nation,” Blake said. “Miraj has an incredible passion for serving the industry and members of AAHOA, and, like those who have come before him, we know he’ll have a significant positive impact on AAHOA in the years ahead.”

Miraj has broken down his priorities for his upcoming administration into four buckets: franchising, industry disruptors, rising costs and regulations. Of those, franchising holds the most complexities.

“There's four situations when it comes to franchising and number one is brand dilution and value,” Miraj said. “The dilution of hotel brand value is a top concern, as an overwhelming number of new rents continue to flood the market, leaving consumers confused and struggling to find the difference between the brands that are coming around. The landscape is saturated with choices making it confusing, not only the owners, but also the consumer and because of that negative, brands which were at the top of the level of are losing their unique value proposition.”

Another big problem in franchising, Patel said, is lack of innovation and forward-thinking technology solutions provided and mandated by hotel franchisors. It’s that technological lag that leaves room for disruptors such as Airbnb, he said.

“We have to find a way where we dialogue and have the conversation to say, how do we collectively work together to urge brand partners to innovate, enhance operational efficiencies and align with modern technologies to increase efficiencies, overall brand value and get to experience,” Patel said.

Unrealistic renovation cycles are another problem with hotel franchising, Patel said.

“Renovation cycles pose another hurdle with mandated renovation cycles that are perhaps unsustainable in terms of design, scope and cost,” Miraj said. “We have to advocate to ensure renovation cycles are not only manageable, but sustainable for our owners, and contributing to profitability for a long term.”

These issues result in decreasing profitability and ROI, and Patel said that has ramifications for the future of the entire industry.

“The problem that I see when it comes to franchising is the next generation of hospitality leaders may not look at the opportunity and the industry in ways that the previous generation looked at,” Miraj said. “The second generation may say, or the third generation may say, is it really worth buying a hotel operating hotel?”

Former AAHOA Chairman Neal Patel was in that crowd had no problem with the fact that Miraj would take his record as the youngest person to serve in the position.

“Well, it’s amazing, because I feel that you’re paving a path to the younger generation and we need a great balance between the older experienced leaders and younger people coming into the association,” he said. “I feel that he will do an amazing job leading our association and continue to building on what our predecessors have done.”

Also at AAHOACON24, Pinal Patel was elected secretary. Pinal, of Goodlettsville, Tennessee, defeated H.K. “Hare Krishna” Patel for the secretary position.

More for you

Noble Investment Group Mobile Alabama

Noble breaks ground on StudioRes in Mobile, AL

Summary:

  • Noble broke ground on StudioRes Mobile Alabama at McGowin Park.
  • The 10th StudioRes expands Noble’s long-term accommodations platform.
  • Noble recently acquired 16 WoodSpring Suites properties through two portfolio transactions.

NOBLE INVESTMENT GROUP broke ground on StudioRes Mobile Alabama at McGowin Park, a retail center in Mobile, Alabama. It is Noble’s 10th property under Marriott International’s extended stay StudioRes brand.

Keep ReadingShow less
AHLA Foundation expands hospitality education

AHLA Foundation expands hospitality education

Summary:

  • AHLA Foundation is partnering with ICHRIE and ACPHA to support hospitality education.
  • The collaborations align academic programs with industry workforce needs.
  • It will provide data, faculty development, and student engagement opportunities.

THE AHLA FOUNDATION, International Council on Hotel, Restaurant and Institutional Education and the Accreditation Commission for Programs in Hospitality Administration work to expand education opportunities for students pursuing hospitality careers. The alliances aim to provide data, faculty development and student engagement opportunities.

Keep ReadingShow less
Report: Global RevPAR to rise 3–5 percent in 2025

Report: Global RevPAR to rise 3–5 percent in 2025

Summary:

  • Global hotel RevPAR is projected to grow 3 to 5 percent in 2025, JLL reports.
  • Hotel RevPAR rose 4 percent in 2024, with demand at 4.8 billion room nights.
  • London, New York and Tokyo are expected to lead investor interest in 2025.

GLOBAL HOTEL REVPAR is projected to grow 3 to 5 percent in 2025, with investment volume up 15 to 25 percent, driven by loan maturities, deferred capital spending and private equity fund expirations, according to JLL. Leisure travel is expected to decline as consumer savings tighten, while group, corporate and international travel increase, supporting RevPAR growth.

Keep ReadingShow less
Hotel data challenges report highlighting AI and automation opportunities in hospitality

Survey: Data gaps hinder hotel growth

Summary:

  • Fragmented systems, poor integration limit hotels’ data access, according to a survey.
  • Most hotel professionals use data daily but struggle to access it for revenue and operations.
  • AI and automation could provide dynamic pricing, personalization and efficiency.

FRAGMENTED SYSTEMS, INACCURATE information and limited integration remain barriers to hotels seeking better data access to improve guest experiences and revenue, according to a newly released survey. Although most hotel professionals use data daily, the survey found 49 percent struggle to access what they need for revenue and operational decisions.

Keep ReadingShow less
Hyatt Way partnership

Hyatt taps Way for unified guest platform

Summary:

  • Hyatt partners with Way to unify guest experiences on one platform.
  • Members can earn and redeem points on experiences booked through Hyatt websites.
  • Way’s technology supports translation, payments and data insights for Hyatt.

HYATT HOTELS CORP. is working with Austin-based startup Way to consolidate ancillary services, loyalty experiences and on-property programming on one platform across its global portfolio. The collaboration integrates Way’s system into Hyatt.com, the World of Hyatt app, property websites and FIND Experiences to create a centralized booking platform.

Keep ReadingShow less