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Opinion Article

Six USALI Changes Hotel Finance Executives Need to be Aware of in 2025

The Global Finance Committee (GFC), a committee of diverse industry professionals sponsored by the Hospitality Financial and Technology Professionals and the American Hotel and Lodging Association is responsible for the production of the Uniform System of Accounts for the Lodging Industry (USALI). The revised 12th edition USALI is scheduled to be effective in 2026. USALI is the global standard for financial reporting in the lodging industry and will feature important changes to financial reporting practices.

Robert Mandelbaum
By Robert Mandelbaum, Director of Research Information Services, CBRE Hotels
Opinion Article

What Does It Mean to Have Your Balance Sheet Reconciled?

I discuss this question with hoteliers way too often. It’s not their fault, but the reality is they don’t understand what this statement means and, in this piece, I’m going to lay it out for you. I will say that the lack of understanding and basic ignorance of this is a costly and completely avoidable expense if you just do a little digging and ask the right questions.

David Lund
By David Lund, The Hotel Financial Coach, David Lund
Supplier News

Spotlight on the USALI – 12th Revised Edition

One of the most important events in the hospitality industry occurred this summer at HITEC. HFTP (Hospitality Financial and Technical Professionals) published the highly anticipated Uniform System of Accounts for the Lodging Industry – 12th Revised Edition.

Aptech
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Press Release

Orbite Closes Series A and Launches Luxury Space Programs and Strategic Partnership

Orbite, the premier space training and operations company for space explorers, announced the completion of its $4 million Series A funding round, backed by both existing and new investors. The new funding will allow Orbite to scale its operations, boost sales and marketing efforts, and advance pre-development for its inaugural Spaceflight Gateway Campus. The company also revealed a strategic partnership with Accor, one of the world’s leading hospitality companies, to support the development and operation of Orbite’s Spaceflight Gateway campus and its plans for international expansion.

Orbite Inc and Accor
Press Release

HFTP Introduces USALI Stamp Licensing Program

Hospitality Financial and Technology Professionals (HFTP®) has introduced a new program to identify authorized providers of software products and services which use elements from the Uniform System of Accounts for the Lodging Industry (USALI™), a guidance for standardized industry financial reporting and analysis. HFTP has recently released the USALI 12th Revised Edition, which has a focus on increased reporting transparency. The mandatory adoption date for this edition is January 1, 2026; however, companies that choose to do so may adopt sooner.

HFTP
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Opinion Article

Adapting to Germany’s E-Invoicing Compliance: What Hospitality Leaders Need to Know

The new e-invoicing mandate in Germany marks a major shift for hospitality businesses, driven by the European Union’s directive to standardise electronic invoicing in business to business procurement. Designed to streamline processes and reduce administrative burdens across member states, this regulation will affect how invoices are issued, processed, and archived—bringing both challenges and exciting opportunities for the hospitality sector. Here's a look at what this shift means and how it can enhance operations and guest experiences.

Johannes Vocke
By Johannes Vocke, Chief Financial Officer, FutureLog AG
Opinion Article

Your Top 10 List of Excuses

Now I bet you’re wondering, excuses for what? Excuses for not jumping in the deep end with the financials in your hotel career. What’s your imagination telling you that’s wrong in your hotel that holds you back from owning your departmental expenses and payroll? What is the magic fairy dust that someone dumped on you that keeps you on the sidelines?

David Lund
By David Lund, The Hotel Financial Coach, David Lund