Today's Hotelier - June 2016 - (Page 8)

LETTER FROM THE CHAIRMAN In the industry by choice bharat (bruce) patel incoming Chairman (2016-2017) L "I am proud to count myself among second-generation hotel owners. My generation owes a debt it can never repay to our predecessors, who sacrificed, saved and struggled to find prosperity in this amazing industry." ooKinG arounD ThE hoTEL industry today, it's clear that second-generation hoteliers have come fully into their own. They are breathing new life into the same industry their parents joined decades ago, but finding themselves in very different circumstances. Many of us were raised in the industry, but - unlike our parents - we have the resources, opportunity and even, occasionally, the desire to leave it. The interesting part? Far more often than not, we stay. I am proud to count myself among second-generation hotel owners. My generation owes a debt it can never repay to our predecessors, who sacrificed, saved and struggled to find prosperity in this amazing industry. In many ways, we seek to emulate our predecessors; their wisdom is an invaluable guide as we cut new paths within our industry. But there is one critical difference between us and them. Today's young hotelier is in the industry by choice. He or she often has many years of firsthand exposure to hospitality, earned an advanced degree and returned to the family business as part of management. I am proud to see my generation becoming the movers and shakers of hospitality. Some of us are buying hotels outright, and many others are developing hotels and forming management companies, but not the way our parents did. Secondgeneration hoteliers are not following the independent-property, owner-occupant model that so many of us grew up with. Because of the sacrifices and hard work of our elders, we can focus on building 8  | June 2016 | TODAYSHOTELIER.COM and developing branded hotels in some of the most sought-after locations around the country. This generation didn't need hospitality. We chose it. We chose to take on the challenges and reap the considerable rewards of entrepreneurship in an industry that provides not only high-quality accommodations but also millions of american jobs. One by one, we saw and took an unprecedented opportunity to continue our family legacies and help move hospitality fully into the 21st century. First-generation hoteliers needed to form this association to protect themselves from discrimination; the second generation started their careers already assured of their worth and importance within the industry. In more ways than one, those early hoteliers gave us a head start by working so hard to establish aaHOa as a leading voice in the industry. Where we go from here remains to be seen. It is exciting to see the smartphone and iPod generation come into its own in the hotel industry and in this association. as chairman, I am proud this year to oversee aaHOa's contributions to the development and education of up-andcoming hoteliers and excited to see how the industry unfolds under our leadership. While we may differ from our predecessors in some ways, our goals are fundamentally the same. We are unified in pursuit of a common vision, and that shared purpose will continue to guide aaHOa's evolution now and for generations to come. http://www.TODAYSHOTELIER.COM

Table of Contents for the Digital Edition of Today's Hotelier - June 2016

Letter From the Chairman
Letter from the President & CEO
Lobby Bytes
AAHOA Spotlight
Captive Insurance: Turning an expense into an asset
Leadership
Compliance & Legal
Women Rising: Knocking down barriers
Finance Q&A
Sales & Marketing
The Magic 11: Essential qualities of successful hotel owners
Technology
Behind the Scenes
AAHOA Founding Members
Classifieds
Advertiser Index

Today's Hotelier - June 2016

https://www.nxtbook.com/naylor/AAHOM/AAHOM0518
https://www.nxtbook.com/naylor/AAHOM/AAHOM0418
https://www.nxtbook.com/naylor/AAHOM/AAHOM0318
https://www.nxtbook.com/naylor/AAHOM/AAHOM0218
https://www.nxtbook.com/naylor/AAHOM/AAHOM0118
https://www.nxtbook.com/naylor/AAHOM/AAHOM1217
https://www.nxtbook.com/naylor/AAHOM/AAHOM1117
https://www.nxtbook.com/naylor/AAHOM/AAHOM1017
https://www.nxtbook.com/naylor/AAHOM/AAHOM0917
https://www.nxtbook.com/naylor/AAHOM/AAHOM0817
https://www.nxtbook.com/naylor/AAHOM/AAHOM0717
https://www.nxtbook.com/naylor/AAHOM/AAHOM0617
https://www.nxtbook.com/naylor/AAHOM/AAHOM0517
https://www.nxtbook.com/naylor/AAHOM/AAHOM0417
https://www.nxtbook.com/naylor/AAHOM/AAHOM0317
https://www.nxtbook.com/naylor/AAHOM/AAHOM0217
https://www.nxtbook.com/naylor/AAHOM/AAHOM0117
https://www.nxtbook.com/naylor/AAHOM/AAHOM1216
https://www.nxtbook.com/naylor/AAHOM/AAHOM1116
https://www.nxtbook.com/naylor/AAHOM/AAHOM1016
https://www.nxtbook.com/naylor/AAHOM/AAHOM0916
https://www.nxtbook.com/naylor/AAHOM/AAHOM0816
https://www.nxtbook.com/naylor/AAHOM/AAHOM0716
https://www.nxtbook.com/naylor/AAHOM/AAHOM0616
https://www.nxtbook.com/naylor/AAHOM/AAHOM0516
https://www.nxtbook.com/naylor/AAHOM/AAHOM0416
https://www.nxtbookmedia.com