Are You Ready for the New Revenue Recognition Accounting Standards?

By Chris Garland Revenue recognition standards have been converged and are now changing for both IFRS (IFRS 15) and US GAAP (ASC 606-10) beginning in 2018. US GAAP will allow…

Read more »

Online Travel Agencies and Occupancy Tax: A Proliferation of Lawsuits

By Amanda Belarmino Online travel agencies (OTAs) such as Expedia and Booking.com are the channel of choice for approximately 14 percent of all hotel bookings in the United States. Typically,…

Read more »

Dispatches from HFTP Global Director: Orange County Grassroots Membership Drive

Written By: Mark Pate Sr., CHAE, CHTP, MBA I was able to realize another first recently – attending the inception of a new HFTP chapter. I was privileged to travel to…

Read more »

Revenue Recognition: Comments Due June 1, 2017 on Implementation Issues Facing the Airlines, Gaming, Hospitality and Timeshare Industries

Since 2002, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have been working together to bring the guidance provided in the United States General Accepted…

Read more »

Service Charges: Then and Now

Have you ever wondered about the history of the Uniform System of Accounts for the Lodging Industry (USALI)? Recently an HFTP member contacted the HFTP Americas Research Center to research…

Read more »

Global Hospitality Accounting Common Practices (GHACP)

Answers found in the GHACP Database: Congratulations, you recently started a new position as director of finance at a resort in a remote tropical paradise. You decided you were ready…

Read more »

Chapter Events – December 1-15

Here is a look at the events our chapters have planned for the first half of December. December 1, 2016 Central Virginia Chapter 6:30 p.m. | Location TBD Holiday Celebration For further…

Read more »

Chapter Events – November 16-30

Here is a look at the events our chapters have planned for the second half of November. November 16, 2016 New Mexico Chapter  5:30 – 7:30 p.m. | REDW offices Accounting Ethics Presentation…

Read more »

HFTP Career Development – A Never Ending Story

Written By: Aditya Prabaswara A file came to my desk, “a handover file,” with the details for the next program I was to handle for The Westin Harbour Castle, Toronto. As…

Read more »

Chapter Events – November 1-15

November 1, 2016 New Orleans Chapter  9:00 a.m. – 12:00 p.m. | Offices of McGlinchey Stafford Happenings in Hospitality – Updates and Trends in Tax and Employment Law For further details…

Read more »