The Little Known but Mighty Facts of the USALI Schedule, 11th Edition

Written by: Agnes DeFranco, Ed.D., CHAE, CHE, CHIA, CAHTA When people think of the Uniform System of Accounts for the Lodging Industry (USALI), most often they envision a Summary Operating Statement (SOS) or an Operated Department schedule like Rooms or Food and Beverage. They may even think of the many…

USALI Recording Guidance Part 3: Government Loan Assistance

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 assistance program. An example of this is the Paycheck Protection Program (PPP) in the United States. This program requires the hotel to meet certain…

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

Currently, the Uniform System of Accounts for the Lodging Industry, 11th Revised Edition (USALI) does not consider the possible alternative use of hotel assets during an international pandemic. To help guide hotels during this time, the USALI Global Finance Committee came together to collaborate and issue their recommendations for recording…

Survey Shows Areas of Agreement, Improvement for USALI Future Editions

The AH&LA Financial Management Committee (FMC) conducted a survey on the Uniform System of Accounts for the Lodging Industry (USALI) earlier this year, specifically focusing on issues that merit further discussion by the FMC. Revisions to the USALI are overseen by the FMC, a majority of which are also HFTP members. Robert Mandelbaum is…

IT Measurements and the USALI 11th Edition

In January 2015, the USALI 11th edition became effective and a new schedule was born: Schedule 6 — Information and Telecommunications Systems. With the institution of a new schedule, many questions are asked, including: How was the transition to the new reporting structure? How many hotels are reporting with the new…

Letter from the HFTP Global President: HFTP Builds on Past Initiatives to Forge Ahead to the Future

Written By: Timothy G. Nauss, CHAE The HFTP Global board, advisory councils, research centers, and its Austin, Texas-based staff work hard year-round to create and implement wholly new ventures. This is evident with the introduction of brand-new global conferences, digital resources, industry research and more. With the hospitality industry changing and evolving at a faster pace…

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, these channels are responsible for collecting occupancy tax directly from the guest and then pay the hotel directly for the…

Jennifer Hogencamp April 2015

Are You Overpaying Management Fees? Gross vs. Net Reporting and the Impact of Improper Accounting

When reporting gross operating revenue, correct classification of expenses is important. Presenting items gross when they should be net can potentially cause a property to overpay fees, including its property management fees. The classification of these expenses is dependent on certain lodging industry rules and guidelines. If the property is…

GHACP and the Hot Off the Press USALI 11th Edition

The news is out! The 11th edition of the Uniform System of Accounts for the Lodging Industry (USALI) is now available and due for implementation in 2015. As opposed to the green soft cover of its predecessor, the 11th edition sports a blue hardcover. If one asks the color experts,…

USALI Survey Results Indicate Items That Need Updating

The USALI (Uniform System of Accounts for the Lodging Industry) has long been an important financial reporting guide within the lodging industry. As the industry’s business practices change, of course updates to the USALI follow. In March, the HFTP Research Institute distributed a survey pertaining to the current edition of…