STRENGTH IN NUMBERS
Asian-American Hotel Owners Lower Costs through Source1 Purchasing
Memphis, TN January 22, 2009 - The more than 9,100 members of the Asian American Hotel Owners Association (AAHOA) will benefit from a new strategic relationship with Source1 Purchasing that will leverage their group buying power to significantly lower costs and increase member control over quality and distribution through a customized food and beverage purchasing program. To combat rising food costs and increase profitability in their more than 22,000 hotels nationwide, the new Buyers' Advantage program for AAHOA gives members purchasing clout and access to more than 300 existing manufacturer agreements representing more than 500 brands.
AAHOA is the second major group to announce participation in a custom-designed Buyers' Advantage program from Source1, which created a similar program two years ago for the 2,200 Best Western hotels throughout the US and Canada. The Buyers' Advantage program is offered free to members to participate with no restrictions imposed to replace any current suppliers. Members can opt in to earn rebates on items they already purchase with no supplier change necessary, or they can enroll through the AAHOA's National Distribution network of suppliers and receive price discounts on top of the rebate reward program.
"The AAHOA members will benefit from dramatic savings, streamlined operations, flexibility and choice in distribution," says Scott Hoffmire, President of Source1 Purchasing. The time-consuming paperwork, filing and rebate collection are handled by Source1, and members have secure online access to all their customized reports, success tools and partnership data.
"In these uncertain economic times, AAHOA believes that it is even more important to offer valuable services to our members that will assist them in saving money on the products they are purchasing for their hotels," said AAHOA President Fred Schwartz. "In 2009, we are pleased to open the new year by offering the services of Source1 Purchasing as our newest founding member, and look forward to another strong year with outstanding benefits for our AAHOA members."
For more information on the Buyers Advantage program for AAHOA, visit www.buyersadvantage-aahoa.com
About Source1 Purchasing
Source1 Purchasing has been a leading provider of supply services to the food and hospitality industries for more than fifteen years. Focusing specifically on cost management, savings and operational efficiencies, the company offers members a comprehensive suite of services, empowering operators to lower prices, reduce operating costs, ensure consistent product quality, and achieve higher customer satisfaction for their clients. For more information, visit www.source1purchasing.com.
About AAHOA (www.aahoa.com)
The Asian American Hotel Owners Association ("AAHOA") is THE voice of owners in the hospitality industry. Founded in 1989, AAHOA is now one of the fastest-growing organizations in the industry, with over 9,300 members owning more than 22,000 hotels that total $60 billion in property value. AAHOA officers include Chairman Ashwin "Ash" Patel, Vice Chairman Tarun Patel, Secretary ChandraKant "C.K." Patel, Treasurer Hemant D. Patel, and President Fred Schwartz, who work closely with a 31-member board of directors to provide direction for the association. AAHOA is dedicated to promoting and protecting the interests of its members by inspiring excellence through programs and initiatives in advocacy, industry leadership, professional development, member benefits, and community involvement. |
