The Asian American Hotel Owners Association (AAHOA) has announced that Folio, a financial operations platform built for hospitality, is the official technology platform of AAHOA Marketplace. The AAHOA Marketplace, powered by Avendra International and AAHOA’s collective buying power, offers hotel owners high-quality products and services at reduced costs.
Coming later this year, Folio will launch an updated AAHOA Marketplace to enhance the purchasing and bill pay experience for AAHOA Members. New features of the Marketplace will include:
• Easier buying: Folio’s usability makes it easier for members to restock or shop across suppliers.
• Mobile optimization: Folio’s technology makes the Marketplace easy to use on the go. Members can buy, track and manage orders from their phone.
• Rewards: Members can opt in to get cash back from qualified purchases and streamline billing with Folio Pay.
• Smarter accounting: Automatic reconciliation and spend categorization, supercharged by Folio AI.
The AAHOA Marketplace will remain free for all members and continue to be pre-loaded with exclusive deals and discounts curated for AAHOA members.
“We have been blown away by the passion and dedication that AAHOA Members have for their guests and their operations, and we are honored to support their work,” said Kate Adamson, CEO of Folio. “The custom-built version of Folio will not just help accelerate the delivery of savings in the AAHOA Marketplace, but also give a vital segment of the industry access to powerful operating and payments technology.”
“AAHOA Members deserve the best technology, as well as the best procurement. Folio gets us closer to achieving that,” said AAHOA chairman Kamalesh Patel. “With our powers combined, Folio will make it even easier for our members to save both time and money.”
“This is a huge win for our members,” said AAHOA vice chairman Rahul Patel. “The technology offered by Folio has typically been reserved for the largest hotel groups. Together, we are all building something custom for AAHOA Members. ”
“AAHOA has been laser-focused on finding great collaborators to co-create programs that support our members,” noted AAHOA President & CEO Laura Lee Blake. “It is clear how Folio will be able to deliver an easier and more efficient procurement experience. The planned updates to the platform will help members easily find more supplier deals and more member savings.”
The collaboration kicks off at AAHOACON26 in Philadelphia from April 8-10th, where AAHOA members can visit Folio at Booth #2032 during the show to get a peek into the new Marketplace coming soon.