Innovation

🤝 In August 2025, the Asian American Hotel Owners Association (AAHOA) in Durham, North Carolina, announced Folio as the official technology platform for the AAHOA Marketplace. Folio will launch an updated platform later this year, improving purchasing and bill payment for members. Key features include mobile optimization, rewards, and smarter accounting. AAHOA leaders, including Chairman Kamalesh Patel, emphasized the collaboration's benefits for members, offering them tools typically reserved for larger hotel groups. The Marketplace will remain free for members.

💵 Hotels can lose £150+ per offline room per night, amounting to £7,000+ weekly when 5 rooms are affected. SYMBIoT helps UK hotels of 100-150 rooms reduce guestroom energy costs by up to 20% and lowers reactive maintenance. It offers real-time room monitoring, reducing downtime and comfort issues. A free operational audit is available for the first 10 UK hotels, revealing hidden revenue and energy losses.

🏨 Concord Hospitality, founded in 1985 by CEO Mark LaPorte, transitioned from hotel development to third-party management. In 2026, they earned Marriott’s Developer of the Year Award. Key properties include The Ben in West Palm Beach and The Dorian in Calgary. The Hilton at Jacksonville Mayo Clinic exemplifies their medical center partnerships. Concord emphasizes a "small-company" culture, employee development, and AI integration, enhancing efficiency and decision-making. The AI Innovator Award encourages innovative tech adoption across departments.