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  • HFTP Research Report: Pre-opening Expenditures in Hospitality

    A study of the pre-opening budget; the timeline for these expenditures; timeline for onboarding of staff; and the selection, installation and training of the technology component. By Agnes DeFranco, Ed.

  • New Global Directors Join the 2018-2019 HFTP Board

    The HFTP 2018-2019 Global Board of Directors was installed during the association's 2018 Annual Convention and introduces new directors Toni Bau, Carson Booth, CHTP and Mark Fancourt. These extensive director profiles give insight into the distinguished professions and personal goals of HFTP's newest association leaders.

  • Internal Controls and the Important Roles They Play in Eradicating Fraud

    Although I have been preoccupied with getting in the education sessions purely related to hospitality finance, technologies and hotel pre-opening, I made sure to participate in Fun with Fraud and Enchanting Employee Embezzlement in Clubs and Hotels presented by Jerry Trieber, CPA, CHAE, CFE, CFF, CGMA, HFTP Global past president and director of audit services/support at HEI Hotels and Resorts.

  • Members Only: 2018 HFTP Compensation and Benefits Report

    By Tanya Venegas, MBA, MHM, CHIA. Results to the biannual survey conducted by Hospitality Financial and Technology Professionals (HFTP). Information includes data on compensation and benefits trends for finance and technology professionals in the club and lodging industries.

The technological and social trends that will shape the hospitality industry in the next 10 years·19 April 2019
Global hospitality is at a crossroads. In the last 20 years, technology has transformed every aspect of the guest journey, from online bookings to in-room services to post-stay feedback. But as technology continues to evolve and advance, what will the hotel industry look like 10 years in the future?

The world's first 5G smart hotel·18 April 2019
Today, InterContinental Shenzhen, Shenzhen Telecom and Huawei signed a strategic cooperation agreement to create the world’s first 5G smart hotel. By introducing the hotel industry’s first end-to-end 5G network with integrated terminals and cloud applications, the project will enable InterContinental Shenzhen to provide guests with the ultimate innovative luxury experience and open the door for the digital transformation of entire hotel industry through 5G technology.

2019 trends in global millennial travel·16 April 2019
The “Trends in Global Millennial Travel: An Insight Into the Key Trends, Behaviours and Issues of Millennial Travellers” report has been added to‘s offering.

Hamilton Hotel Investors and Centerbridge Partners acquire Belgian and French hotel portfolio·16 April 2019
Hamilton Hotel Investors and Centerbridge Partners have completed the acquisition of a portfolio of nine hotels located in Belgium and France from WNE Investor S.À R.L.

The Queens Hotel in Canada sees 20% growth in revenue with Hotelogix· 4 April 2019
Hotelogix, a leader in cloud-based Property Management Systems has announced that the adoption and efficient use of its PMS have helped The Queens Hotel in Canada to see a 20% rise in its revenue.

Young Hoteliers Summit (YHS) 2019 YHS Employer Rankings: 2019 Key Insights· 4 April 2019
As an integral component of the Young Hoteliers Summit (YHS), the YHS Employer Rankings report seeks to improve opportunities for young talent by putting global hotel companies in the spotlight.

Travel growth projected to dwindle in the US· 4 April 2019
Travel to and within the U.S. grew 2.6% year-over-year in February, according to the U.S. Travel Association’s latest Travel Trends Index(TTI).

Hotelogix and RepUp to host webinar on Hotel Reputation Management·28 March 2019
Hotelogix, a leader in cloud-based Property Management Systems has announced that it will host a webinar on hotel reputation management in collaboration with RepUp, a guest experience management platform. Titled “How your hotel can make more money from Online Reviews”, the webinar will take place on Thursday, April 11 at 2:00 PM (SGT).

Three reasons owners should give up control of their hotels·27 March 2019
This is a tough subject to broach; control can give anyone a subconscious and addictive rush. After all, who actually wants to give up control? Certainly not many hotel general managers or any senior executive for that matter.

Global wellness tourism market to reach USD 1,062.83 billion by 2025·27 March 2019
The global wellness tourism market is expected to reach USD 1,062.83 billion by the end of 2025. The growing interests of the tourists towards the sectors such as health, travel, and foods are the factors driving the growth of the market over the forecast period. However, the rising number of tourist destinations in developing countries such as India and China have attracted more customers from the international market.

Trends in data forecasting and budgeting technology·27 March 2019
ProfitSword, hospitality’s premier developer of business intelligence and data integration software, announces the release of a comprehensive report detailing the latest advances in data forecasting and budgeting tools and practices for the hospitality industry. Utilizing insight from the industry’s leading experts, the report showcases how today’s data management environment has evolved to provide the tools needed for hoteliers to instantly implement sound business strategies based on real-time and always accurate information.

Memmo Baleeira unveils fresh new look·21 March 2019
A lesson in monochromatic modernism on Portugal’s wild Atlantic coast, Memmo Baleeira has long established itself as a hub for design aficionados, surf junkies, and nature lovers alike.

All Suites brands by Hilton opened 23 hotels and completed 49 signed deals in Q1 2018·14 March 2019
The All Suites brands by Hilton have carried the momentum of last year’s record-breaking growth into 2018, opening 23 hotels in the first quarter.

African tourism sector booming: second-fastest growth rate in the world·14 March 2019
Travel & Tourism in Africa is booming, growing 5.6% in 2018 compared to the global average of 3.9% and the broader African economy rate of 3.2%. This places Africa as the second-fastest growing tourism region behind only Asia-Pacific.

Fontainebleau Miami Beach to offer unique hands on learning experience for hospitality students·12 March 2019
Fontainebleau Miami Beach announces a partnership with Florida International University’s Chaplin School of Hospitality & Tourism Management as the first hotel to participate in their Program On Demand (POD). The Program On Demand offers students a unique, hands on learning experience in the hospitality industry that gives them the chance to gain real world experience in a number of departments at the iconic Miami Beach hotel.

MP Hotels showcases growth and new projects·11 March 2019
MP Hotels made its presence felt at ITB 2019, the world leading travel trade show, in Berlin. The rapidly growing hotel company continues to add properties to its worldwide portfolio, as well as new brands. The FTI Group owned company consolidated its presence in many markets, but also expanded with vigor into fresh ones over the course of 2018.

Nuclear radioactivity in hotel lobbies - a silent risk-factor?·10 March 2019
As we better understand the nature of the risks, it is clear that something needs to be done.

Brexit: travel & tourism to drive post-Brexit recovery· 8 March 2019
Travel & tourism can be a major growth sector for the UK after Brexit, according to new research from the World Travel & Tourism Council (WTTC).

8 ideas for hotel management that will boost your business· 7 March 2019
Travelling is gaining more and more speed – there are more freelancers now than ever and people have more time on hands to enjoy travelling. Your hotel can benefit from this. However, it takes a bit of change in management to actually achieve this. You need to get creative and follow the pulse of the new demands on the market.

Hilton and Shomoul Company to operate four hotels at The Avenues - Riyadh· 7 March 2019
Hilton and Shomoul Holding Company have announced the signing of a landmark agreement to develop and operate four hotels in The Avenues – Riyadh, the largest mixed-use development project in the Kingdom of Saudi Arabia. The development will include one of the world’s largest malls, with a leasable area of approximately 400,000 sqm housing more than 1,300 stores.

Winners of the Global Restaurant Franchisor of the Year Awards announced at the 2019 Global Restaurant Investment Forum (GRIF) in Amsterdam· 3 March 2019
The Global Restaurant Investment Forum (GRIF) – the annual meeting place for the international restaurant investment community organised by Bench Events – and Dentons’ global franchise group, joined forces for the second year to celebrate the outstanding impact that franchised F&B concepts have had on the industry.

WiT Indie returns to Penang in March· 1 March 2019
Following its debut success in 2018, WiT Indie returns to Penang on March 15 with a strengthened focus on tours and activities, startups, creative and independents.

BLLA's Stay Boutique Live Event brought the boutique world together·28 February 2019
Stay Boutique Live 2019 brought out the very best in the boutique community at this year’s Trifecta Event featuring the Boutique Bootcamp sponsored and held at The Line Hotel LA, the Leadership Conference, 2019 Awards Celebration Dinner and the Female Empowerment Conference all held at Magic Box @ The Reef in downtown Los Angeles on February 11-13th.

OzHarvest partners with Winnow to fight food waste in Australia and New Zealand·25 February 2019
OzHarvest’s newly launched innovation arm, ForPurposeCo joins forces with Winnow to bring our innovative food waste reduction technology to the Australian and New Zealand hospitality industry.

Lessons to learn from how Starbucks is selling coffee in Italy·21 February 2019
For most, mornings are not complete without a cup or two of your favourite joe. When Howard Shultz, Starbucks’s former and long-running CEO, claimed that he was inspired to build his coffee empire from what he experienced during his early travels in Italy (specifically Milan), it is indeed telling that the company has waited this long before pushing full force into this hallowed market.

The 5 hidden costs of being branded·20 February 2019
Marriott. Hilton. IHG. Wyndham. Choice. For years these chains have publicized the advantages of working with them: advanced loyalty programs that promise to bring consistent customers, low fees, tough negotiations with OTAs, and preferred financing options. Not so fast.


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