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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
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
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Hospitality Net
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
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Ernest - Lighthouse's AI for hoteliers

"Just tell me why my weekend pickup dropped." With Ernest, now you can ask your commercial data anything, and act on the answer. 
Lighthouse
Opinion Article

Squeezing revenue beyond hotel rooms - Hoteliers' Discussion

Hoteliers are starting to realise that room rates alone can’t drive the profits they need. As many reach a ceiling when it comes to average daily rates (ADR), there’s a question mark hanging over how to boost the bottom line. It has to come from other revenue streams, but many are struggling to make this work. Here’s a closer look at where the opportunities lie.

Ryan Haynes
By Ryan Haynes, Director/Lead Consultant, Hoteliers' Voice Podcast/ Haynes MarComs Ltd
HN Original
Opinion Article

Modern Hotel Procurement is a Tale of Continuous Cost Controls

Managing supply chains for a variety of distinct operations is complex and highly analytical yet often lacks the prestige of the rooms division, front office, F&B or spa. Still, it’s essential; if housekeeping represents the proverbial ‘heart of house’ then perhaps procurement is its ‘gastrointestinal tract’, the processing center for all raw goods ingesting.

By Adam Mogelonsky, Partner, Hotel Mogel Consulting Limited
Opinion Article

Desperately Seeking Value Creation 3.0

The business world is an eternal cycle of reinvention, where actors adapt to market conditions by establishing a new ecosystem that appears most relevant. Hospitality investors are no exception. Along the way, they’re integrating today’s new data for value creation into a 3.0 model that revives interaction over specialization.

Vanguélis Panayotis
By Vanguélis Panayotis, CEO MKG Consulting & Hospitality ON / MRICS, Hospitality ON