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Inside the Decline of Hotel Transactions in Q2 | By Daniel H Lesser

Defying the expectations of many, the U.S economy has demonstrated resilience driven in part by a solid employment report with stronger than expected wage growth during June, along with continued healthy levels of consumer spending. With this said, the U.S. economy has been slowed by the Federal Reserve’s aggressive drive to tame inflation through a series of interest rate hikes that began early last year. Although trending downward, with inflation remaining above its two percent target, the Federal Reserve is on track to raise interest rates again this month and mull another hike as soon as September. Despite elevated inflation, which is now easing, and ongoing fears of impending economic recession, unemployment rates remain low, and Americans continue to spend money on goods, services, and experiences.

Aashna Grewal has been appointed Director of Sales at AC Hotel® San Rafael

Director of Sales Aashna Grewal spent more than five years working a number of sales roles for Marriott destinations in India before moving to the Bay Area in 2016 to work as a Sales Manager for the Claremont Club & Spa, A Fairmont Hotel in Berkeley. She later joined the Pier 2620 Hotel Fisherman s Wharf in San Francisco as Senior Sales Manager, handling group and catering leads from all market segments for the 233 room property. She stepped into a Director of Sales position at Four Points by Sheraton in San Rafael two years later, working closely with the General Manager and Management Company to determine appropriate sales strategies while managing all sales for the hotel. During her time with the destination, Aashna saw the hotel s transition into the Marriott Hotels and Resorts portfolio, liaising with their national and global sales teams. Eager to grow within Marriott Hotels, Aashna was excited to join the Evolution Hospitality team at AC San Rafael, continuing to work in the

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