Distressed Hotels Find New Ownership and Vision

HFTP Connect · 14 Jul

The Covid-19 pandemic has had a significant impact on the financial wellbeing of hotels around the world, especially in regions that have experienced

Ramping up Hotel Internal Controls Post-Pandemic
Ramping up Hotel Internal Controls Post-Pandemic

HFTP Connect · 14 Apr

With two major “black swan” events within 12 years of each other, we can learn from the 2008 financial crisis to help ensure internal controls and bu

The FUN-damentals of Club Budgeting: Best Practices for the Operating Budget

HFTP Connect · 27 Jan

Most clubs understand the importance of having a budget in place. The budget is an essential tool for supporting business growth, improving profitabi

Now Is the Time to Improve Your Accounting Processes

HFTP Connect · 17 Nov

If your processes are not tight, you may be bleeding money. And who can afford that in 2020? PKF O’Connor Davies presented on Accounting Processes an

Exploring Ethics at Cyber HITEC: Tips to Approach Ethical Situations at Work
Exploring Ethics at Cyber HITEC: Tips to Approach Ethical Situations at Work

HFTP Connect · 29 Oct

Written by: Claire Kenney, Cyber HITEC Guest Blogger Each year, the Hospitality Industry Technology Exposition and Conference (HITEC) facilitates ong

The Challenges Faced by CFOs: How to Clearly Communicate When the Future Is Not Clear

HFTP Connect · 9 Oct

How can you forecast for meetings, business conferences, weddings and special holiday gatherings like those that take place at Christmas when you hav

This Month, HFTP Spotlights Members Who Have Shared What HFTP Means to Them

HFTP Connect · 31 Aug

The HFTP Connect blog features hundreds of posts that have been collected, researched, written and published for the purposes of continuing education

Budgeting for 2021: What Is the New Target?

HFTP Connect · 27 Aug

Since March of this year, the hospitality industry has been trying to figure out its new financial target — the best approach to get back on track to

COVID-19's Potential Lasting Impact On Fixed vs. Variable Hotel Expense Ratios

HFTP Connect · 27 Jul

As a result of COVID-19, hotel operators have been forced to make tough decisions, including the most basic one on whether to keep the lights on. Man

Letter from the HFTP Global President: A Look at the Past Six Months

HFTP Connect · 22 Jun

In just a few short months, our world has changed from a strong and steady economy, solid revenues and overall happiness to great concerns for our he

Selecting the Right Industry Standards for Your Property

HFTP Connect · 21 Jun

This is not the first time that the hospitality industry has had to respond to major changes.

USALI Recording Guidance Part 3: Government Loan Assistance

HFTP Connect · 17 Jun

As a result of the current economic situation, entities that own or lease hotels are eligible to apply for and receive a loan under a government assi

Hotel Trends: Reducing Costs and Contact in Rooms, Staff and F&B

HFTP Connect · 8 Jun

The first week of June kicked off with a general HFTP Hangout that covered hotel market trends and trajectories, presented by CBRE Hotels Advisory re

USALI Guidance Part 2: Government-sponsored Wage Subsidies and Grants
USALI Guidance Part 2: Government-sponsored Wage Subsidies and Grants

HFTP Connect · 4 Jun

During the Covid-19 global pandemic, some governments have decided to support industries with significant revenue losses and offer wage grants/subsid

USALI Guidance: How to Record these Puzzling Covid-19 Scenarios

HFTP Connect · 27 May

Currently, the Uniform System of Accounts for the Lodging Industry, 11th Revised Edition (USALI) does not consider the possible alternative use of ho

Build Skills, Save Money: Special Offer on New USALI Professional Certificates

HFTP Connect · 17 Apr

In a time when hospitality finance professionals are unsure about the state of their profession – when many have been laid off or furloughed and othe

Effectively Managing Fraud in Loyalty Programs: Part Two

HFTP Connect · 19 Mar

This blog post is part two of a two-part series on loyalty program fraud. Part one on HFTP Connect covered loyalty program fraud committed by custome

Explore HFTP's Online Information Sources During Social Distancing

HFTP Connect · 17 Mar

Each day, new recommendations from the World Health Organization (WHO) and the Centers for Disease Control and Prevention (CDC) in the United States

How Internal Fraud Could Hit Your Loyalty Program: What to Look Out For

HFTP Connect · 12 Mar

From airlines to zoos, organizations continue to strategically leverage rewards and loyalty programs to win over and retain customers. There are many

HFTP Foundation Seeks Input for 2020 Compensation and Benefits Report

HFTP Connect · 10 Mar

As it has done every other year for the past 30 years, the HFTP Americas Research Center, overseen by the HFTP Foundation, will produce a new biennia