Part 3: How to Bring More Hospitality Financial Leadership Into Your Hotel

7) The How To vs. The Want To? The business of managing the hotel finances is not terribly technical or complicated. What makes it challenging is that it’s usually a large job involving many people. The communication system in the hotel is…

Part 1: How to Bring More Hospitality Financial Leadership Into Your Hotel

You have the ability to increase the way you lead your team financially, to create an environment that has your managers working together on the “business” of running your hotel. I invite you to read my Top 10 list for…

HITEC 2015: Getting Ready for Mobile Payments

The fragmented nature of hospitality transactions requires both consumers and merchants alike to think carefully about how services will be paid for in the future. Right now, the easy to use magnetic stripe cards are still popular among both consumers…

It’s Just a Party!…Or is it?

Have you ever been in a department store with your child at your side having a meltdown? How about being in a new management position, with a new company and not knowing where to start? Or being a member of…

The 411 on the HFTP Global Hospitality Accounting Common Practices (GHACP) Database

What is the GHACP? GHACP stands for the Global Hospitality Accounting Common Practices. The goal of this initiative is to provide a searchable database of detailed operating financial reporting practices used at lodging properties around the world, along with guidance…

Passwords, it’s as easy as 123

Are you still using the default password that came with your point of sale (POS) or payment system? Or, using 12345 or password1? If so, you need to change it right away to help protect card holder data. Passwords are…

[Ask the Experts] HITEC 2013 Keynote: David Wolman

As we lead up to HITEC 2013 in June, HFTP Connect will be talking to our keynote speakers about their expertise and how it relates to thehospitality industry through the Ask the Experts column. An Expert View on the Monetary Revolution…

[Update] Global Hospitality Accounting System Project

In order to create a global resource for the hospitality finance industry, Hospitality Financial and Technology Professionals (HFTP®) began development on a global hospitality accounting system users guide this past March. Recognizing that operating hotels is a global industry, HFTP…

Why Commission a Student Business Project?

How the EHL’s Student Business Project added value to a project of global importance Cleverdis recently interviewed Frank Wolfe, CAE, CEO of HFTP for their Hotel Innovations & Technologies publication. The following is reprinted with permission from Cleverdis. The world’s…

[HFTP Asia Chapter] HFTP Cares, a Community Project

The HFTP Asia Student Chapter, in collaboration with a local community group — Teck Ghee Youth Executive Committee — is organizing a community outreach project to help 50 needy households on April 14. The project’s objective is to engage the…