USALI 12th Revised Edition Exposure Draft: Energy, Waste, and Water

In updating the Uniform System of Accounts for the Lodging Industry (USALI) to its 12th edition, the Global Finance Committee (GFC) and HFTP reached out to partner with the AHLA Sustainability Committee to enhance the Utilities-Schedule 9 in the USALI 11th edition to become the new Energy, Water, and Waste (EWW) of the USALI 12th edition.

The HFTP Global Board Has Exciting News for 2021: Read All About It

Written by: Mark Pate Sr., CHAE, CHTP, MBA By now, most of you have heard of the winter storm to hit Texas last month, devastating in many ways. Fortunately, our amazing Austin, Texas-based staff all came out of it relatively unscathed,…

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…

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…

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…

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,…

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…

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….

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…

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…