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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.

Universal Is Going for Full-On Immersion With New Harry Potter Ride - Destinations·12 March 2019
Universal has seen huge returns on its Harry Potter investments. The latest addition is a ride -- as opposed to an entire land -- but it will still likely draw crowds, especially in the months before Disney's Star Wars expansion opens in Florida.

What Takayama City Can Tell Us About the Future of Japanese Tourism - Destinations· 8 March 2019
Destinations of all shapes and sizes across Japan want fresh ideas to help attract overseas visitors and transform their economies. The strategy used by the city of Takayama, which has seen a surge of new tourism in the past decade, offers one potential roadmap.

Disney Will Open Its New Star Wars Expansions Early to Meet Demand - Destinations· 8 March 2019
Disney's new Star Wars additions will open earlier than expected, but one big piece will be missing. Will fans flock to be first or wait until everything is operational?

Why Europe Risks Falling Behind as a Global Tourist Destination - Destinations· 6 March 2019
Travelers will always want to visit Europe. But as the world continues to open up, there's more competition for tourist dollars. Destinations will need to adjust accordingly.

SeaWorld's Rebound Appears to Be Sticking - Destinations·28 February 2019
The news has been consistently positive for SeaWorld lately after a long stretch of disappointing results. With new leadership and a strategy that has been working, 2019 is shaping up well.

Indonesia's Olympics Bid and 8 Other Tourism Trends This Week - Destinations·24 February 2019
This week in tourism, the Olympics could exacerbate Indonesia's problems with poverty, and the dissolution of Mexico's tourism board has widespread ramifications.

Chinese Tourists Are Moving Away From Government-Licensed Group Tours - Destinations·24 February 2019
As Chinese travelers have become wealthier and more experienced, they have less use for the government-approved group tours that bring a high volume of visitors to global destinations. This trend has reduced China's power to control where tourists spend their money.

Turkey Tops European Tourism Growth...Again - Destinations·15 February 2019
It was only a couple of years ago that the Turkish tourism industry was on its knees. How quickly things can change.

Prague Tourism Officials Want to Change Its Reputation as Europe's Sin City - Destinations·14 February 2019
It'll probably take a lot more than the appointment of a Night Mayor to address the careful balance between attracting party-loving tourists and keeping locals happy.

Six Flags Dubai Project Halted on Funding Concerns - Destinations· 7 February 2019
The economic slowdown and rise in the number of theme parks in the Gulf are among the factors keeping Six Flags from going full throttle in Dubai.

U.S. Travel Predicts Strong Biz Travel Growth - Destinations· 6 February 2019
Although leisure travel growth will probably slow this year, business travel will continue to pick up. This is good news for those who suspect a recession is on the way.

Indonesia Enjoyed Record Tourism in 2018 - Destinations· 4 February 2019
Indonesia never drew so many visitors as it did last year, especially from Malaysia and China. But the country still missed its target to draw 17 million visitors, after it was struck by multiple earthquakes and tsunamis. We wish it better luck, on all fronts, next year.

Some Airlines Drop Venezuela Layovers to Avoid Turmoil for Crews - Destinations· 4 February 2019
European carriers Iberia and TAP have added stops in the Caribbean. They will let their workers stay overnight elsewhere than in Caracas, the capital of Venezuela, which is plagued with political violence. Smart.

Tourism in Iceland Might Drop This Year as Airlines Can't Keep Up - Destinations·31 January 2019
This isn't such a bad thing for Iceland, which has started to feel the strain of overtourism. Plus, even with the decline, the small country still expects to see millions of tourists.

Why the Philippines Risks Losing Out on Asia's Gaming Boom - Destinations·30 January 2019
Casinos are a tourism magnet and stricter rules to safeguard locals from gambling, and to keep other gambling ills at bay, are better than a complete ban. Look to Singapore as a good Asian example.

Travel Association Forms Myanmar Chapter But Will the Government Benefit? - Destinations·29 January 2019
ASTA's new Myanmar chapter and planned partnership with Myanmar tourism will give travel advisors new opportunities to learn about an emerging destination. However, it also raises ethical concerns about supporting a country that engages in ethnic cleansing.

Even Chilean President's Machete Won't Halt Venezuelan Influx - Destinations·23 January 2019
From the Middle East and Europe to Myanmar and Chile, refugees under duress will flee to safety, paperwork or not. That's what's happening as Venezuela collapse and many of its citizens escape to Chile.

Macau Casino CEO Claims Analysts Overreacting With Negative Forecasts - Destinations·23 January 2019
Either Melco Chief Executive Officer Lawrence Ho knows something most other people don't about the Macau market or he's spinning a tale.

Kingdom's Retail Queen Lays Out Thai Tourism Truths That Others Only Whisper - Destinations·22 January 2019
It takes a retail personality to air the dirty laundry of Thai tourism. No one will be offended; it's all an open secret. Plus Supaluck Umpujh, at least, is doing something about it, partnering with AEG to make Thailand a regional entertainment hub.

Trump's War on Foreign Visas Leads to Less Student Travel to U.S. - Destinations·18 January 2019
Fewer international college students are heading to the U.S. for their studies. This means a reduction in travel and all of the economic benefits that cities see from robust foreign visitation.

Will Saudi Arabia's Planned Futuristic City Have a Future? - Destinations·16 January 2019
Saudi Arabia said it will start building the first residential area in a proposed $500 billion futuristic city that’s become a symbol of Crown Prince Mohammed bin Salman’s ambitions for life after oil. The kingdom plans to start work on Neom Bay in the first quarter this year, according to the state-run Saudi Press Agency. The area will have “white beaches, a mild climate and an attractive investment environment,” SPA said. Phase 1 will be completed by 2020, according to the agency.

Will the Nairobi Attacks Dent Kenya's Tourism Boom? - Destinations·16 January 2019
Tourism operators in Kenya are hopeful that this week’s terror attacks in Nairobi will have little impact on the country’s all-important tourism industry — but successive attacks in the past few years are causing new anxieties.

Luxury Italian Brands Fashion Travel Experiences - Destinations·15 January 2019
Given Italy’s reputation as a style trendsetter, it’s instructive to look at how the country’s major fashion houses and luxury purveyors are starting to develop exclusive travel experiences to promote la dolce vita. The aim of two of the most buzzworthy projects is to connect high-end travelers to the heart of the Italian lifestyle, and with excellence in craftsmanship, creativity and design.

China Warns Against Business Trips to U.S. - Destinations·15 January 2019
China asked some state-run enterprises to avoid business trips to the U.S. and its allies and to take extra precautions to protect their devices if they need to travel, according to people familiar with the request. In recent weeks, the State-Owned Assets Supervision and Administration Commission — a regulatory body that oversees about 100 government-run companies — has told some firms to only take secure, company-issued laptops meant for overseas use if traveling is necessary, the people said.

Tropical Storm Disrupts Thailand's Peak Tourism Season - Destinations· 4 January 2019
Just as it is recovering from heavy drops in Chinese visitors, Thailand has to count more losses as a powerful storm barrels through the south, where its popular beaches at this time are usually filled with Europeans seeking sunny days.

Palau Campaign Stands Tough on Environment Despite Hit to Tourism - Destinations· 4 January 2019
The hugely celebrated campaign, Palau Pledge, has not brought in more arrivals to Palau, which is also being hit by a China ban. Nobody should expect it to. Here's why.


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