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  • 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.

  • Letter from the HFTP Global President: At the End of the Year, We Reflect on the Best of the Year

    As we prepare to transition to the new HFTP Global board at the 2018 Annual Convention in October, I would like to take the time to reflect on my year serving as HFTP Global president.

  • 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.

  • IT Spending in the Lodging Industry Three-year Analysis: 2015–2017

    By Agnes DeFranco, Ed.D., CHAE; Arlene Ramirez, CHE, CHAE; and Tanya Venegas, MBA, MHM, CHIA. PART II: An analysis of IT spending data in the lodging industry based on reporting in the new USALI Schedule 6 — Information and Telecommunications Systems.

BlackBerry Buys Cylance to Boost IoT Security

CFO Magazine·16 November 2018
BlackBerry said Friday it will acquire machine-learning specialist Cylance for $1.4 billion to enhance the security of its software for autonomous vehicles and “Enterprise of Things” (EoT) platform.

Can U.S. Consumers Continue Their Pace of Spending?

CFO Magazine·29 October 2018
Consumer spending rose 0.4% in September according to the latest figures from the Commerce Department, the seventh consecutive month of gains and just about in line with economists’ consensus prediction. Adjusted for inflation, consumer spending rose 0.3%.

Consumer Spending Growth Slows to 0.3%

CFO Magazine·28 September 2018
The pace of growth in U.S. consumer spending slowed in August but economists had expected a slowdown after five straight strong gains.

Visa, Mastercard Settle Long-Running Fee Suit

CFO Magazine·19 September 2018
Visa and Mastercard, along with a number of banks, have agreed to pay $6.2 billion to settle a lawsuit over merchant fees.

China Retaliates Against $200B in U.S. Tariffs

CFO Magazine·18 September 2018
China hit back on Tuesday against new U.S. tariffs on $200 billion worth of Chinese exports, further inflaming fears of a full-bore trade war between the two countries.

U.S. Business Inventories On the Rise Again

CFO Magazine·17 September 2018
U.S. business inventories increased 0.6% in July, according to the latest release from the Commerce Department. The increase was driven in part by a jump in the stock of motor vehicles that was larger than initially estimated.

Which Acquisitions Will Generate Negative Stock Returns?

CFO Magazine·14 September 2018
If the acquiring company elects to exempt the target from Sarbanes-Oxley Section 404 internal controls attestation, negative stock returns may follow.

Small Companies Carry Greatest Cyber-Risk

CFO Magazine·28 August 2018
At small businesses, rank-and-file employees may be more aware of the threat from cyber-crime than are company leaders.

How to Cut the Fat Without Cutting Staff

CFO Magazine·21 August 2018
When CFOs are charged with leading cost-cutting initiatives, by necessity they find themselves navigating between the certainty of change and the human tendency defer short-term pain at the risk of much more drastic consequences in the future.

Trump Suggests Switch to Half-Year Reporting

CFO Magazine·17 August 2018
President Trump suggested on Friday that public companies should file financial reports every six months instead of quarterly but immediately ran into pushback from investors and others.

Tight Labor Market Doesn't Move Wage Needle

CFO Magazine·16 August 2018
The labor market is tight. U.S. companies are challenged more than ever to find, win, and retain talent. At the same time, a majority of U.S. companies have extra cash on hand, thanks to the Tax Cuts and Jobs Act.

Low Probability of Recession in the Next 12 Months: S&P

CFO Magazine·13 August 2018
Although the U.S. economic expansion is in its late stages, Standard & Poor’s global economics unit pegs the chances of recession at only 10% to 15% over the next 12 months. It is also taking a sanguine view of the risks to U.S. growth in that period, like trade protectionism, which it says needs to be viewed in the “context of a surge in fiscal stimulus.”

Core Inflation Posts Annual Gain of 2.4% in July

CFO Magazine·10 August 2018
U.S. core inflation rose in July at the fastest annual pace in seven years amid a sharp increase in housing costs, though economists expect inflation to moderate by the end of the year.

Blackstone Invests in Outsourcing Startup TaskUs

CFO Magazine·10 August 2018
Private equity giant Blackstone Group is investing $250 million in TaskUs, giving the startup a financial boost amid a wave of consolidation in the business process outsourcing industry.

Some Companies Are Ignoring GDPR Risk

CFO Magazine· 9 August 2018
During the six-year lead-up to the May 25, 2018, effective date of the European Union’s General Data Protection Regulation (GDPR), much attention was focused on the onerous financial penalties for noncompliance.

Starwood to Buy GE Energy Finance Business

CFO Magazine· 8 August 2018
Starwood Property Trust said it has agreed to buy GE Capital’s Energy Financial Services’ business for $2.56 billion, including $400 million of unfunded loan commitments.
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China Threatens Tariffs on $60B in U.S. Goods

CFO Magazine· 3 August 2018
The trade war between the United States and China intensified on Friday as Beijing threatened to impose retaliatory tariffs on U.S. goods ranging from liquefied natural gas to foods containing chocolate.
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Five Ways Blockchain Will Juice Supplier Management

CFO Magazine· 3 August 2018
There was a time when we used old-school ledgers to track our business relationships, and they were written with absolute clarity to deliver absolute trust.
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Are Your Capital Allocations Strategic?

CFO Magazine·30 July 2018
For many companies, the capital allocation process is where big strategic goals fizzle out. Companies aren’t wishing for that result, but most capital allocation processes are poorly equipped to deal with change.
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The Labyrinths of Uncertainty around Information Security

CFO Magazine·30 July 2018
Information security threats are intensifying every day. Organizations risk becoming disoriented and losing their way in a maze of uncertainty, as they grapple with complex technology, data proliferation, increased regulation, and a debilitating skills shortage.
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T-Mobile, Nokia Partner on 5G Technology

CFO Magazine·30 July 2018
T-Mobile and Nokia have agreed to a $3.5 billion deal under which Nokia will provide end-to-end 5G technology to help build T-Mobile’s nationwide 5G network, the companies announced.
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Quarterly GDP Growth Increases to 4.1%

CFO Magazine·27 July 2018
Real U.S. gross domestic product increased at an annual rate of 4.1% for the second quarter on a surge in consumer spending and business investment, according to the Bureau of Economic Analysis. Tariffs and tax cuts also affected the numbers.

McDonald's Earnings Helped By European Sales, Lower Tax Rate

CFO Magazine·26 July 2018
McDonald’s reported revenue of $5.35 billion for the second quarter, down 12% year-over-year, as it was hurt by a nationwide recall of salads at about 3,000 of its U.S. locations.
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Will Trump's Attempt to Manipulate Monetary Policy Backfire?

CFO Magazine·26 July 2018
Did the president introduce a “Trump Put” last week by lashing out about rising interest rates and calling for a weaker dollar? The market reacted swiftly and rationally — albeit not the way Mr. Trump had intended. Let me explain.
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Facebook Shares Dive on Revenue Weakness

CFO Magazine·26 July 2018
Facebook shares plunged in extended trading Wednesday after the social media giant missed Wall Street revenue estimates for the first time in 11 quarters and gave a downbeat outlook for the remainder of the year.
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Five Actions to Improve Sales Force Effectiveness

CFO Magazine·23 July 2018
Sales people that act like owners simultaneously strive to achieve short-term sales goals while investing in the future by establishing fruitful long-term relationships and working to ensure ongoing customer loyalty.

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