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  • New Global Directors Join the 2018-2019 HFTP Board

    The HFTP 2018-2019 Global Board of Directors was installed during the association's 2018 Annual Convention and introduces new directors Toni Bau, Carson Booth, CHTP and Mark Fancourt. These extensive director profiles give insight into the distinguished professions and personal goals of HFTP's newest association leaders.

  • How to Connect in an Over-Distracted World (And Other Lessons from Leaders in Human Behavior)

    Leaders face a mounting challenge in today’s increasingly technological world. People have a host of distracting devices now available at their fingertips. According to research compiled by the HFTP Americas Research Center, Americans check their phone on average once every 12 minutes.

  • Members Only: 2018 HFTP Compensation and Benefits Report

    By Tanya Venegas, MBA, MHM, CHIA. Results to the biannual survey conducted by Hospitality Financial and Technology Professionals (HFTP). Information includes data on compensation and benefits trends for finance and technology professionals in the club and lodging industries.

  • IT Spending in the Lodging Industry Three-year Analysis: 2015–2017

    By Agnes DeFranco, Ed.D., CHAE; Arlene Ramirez, CHE, CHAE; and Tanya Venegas, MBA, MHM, CHIA. PART II: An analysis of IT spending data in the lodging industry based on reporting in the new USALI Schedule 6 — Information and Telecommunications Systems.

HFTP Adds Three New Student Chapters at Seneca College, Niagara College and Johnson & Wales University

10 December 2018
The HFTP network has just expanded with two new Canadian-based student chapters at Seneca and Niagara Colleges, and one U.S.-based student chapter at Johnson & Wales University. The new chapters add 109 HFTP members. HFTP has seen a significant growth in its student membership count this year, resulting in five new student chapters in the 2018 calendar year. The other new chapters that have joined HFTP this year are at New York University and Kansas State University.The three newest student chapters include:HFTP Seneca CollegeChartered: November 27, 2018Faculty Advisor: Prof. Angelina MalikChapter President: Morniysha AnnestineThe chapter has 64 members. (62 student members, 2 faculty)HFTP Johnson & Wales UniversityFaculty Advisor: Prof. Robert WahlChapter President: Joseph SpinelliThe chapter has 14 members (12 students, 2 faculty)HFTP Niagara College (Canada)Chartered: December 6, 2018Faculty Advisor: Prof. Paul WillieChapter President: Anna CherdakovaThe chapter has 31 members (29 students, 2 faculty)Anna Cherdakova, the HFTP Niagara College president, said about the new chapter, "Many thanks to our faculty advisors at Niagara College and members of HFTP, without whom this would not have been possible."

HFTP Announces Change in Membership Dues in 2019: What Does This Mean for You?

6 December 2018
While HFTP has seen remarkable growth during the past six years in member benefits, resources, research and professional development events — we have been proud to maintain our membership annual dues at the same rate since 2013. However, with new initiatives and benefits — and simply, with time — comes a rise in costs for the association.

Calling Industry Experts -- 2019 HFTP Speaking Opportunities

4 December 2018
HFTP is already in the midst of preparations for its 2019 educational conferences, planning for excellent, information-driven session presentations to offer its event attendees. An important part of the process is reaching out to industry experts to propose their ideas for important topics to present. If you are well-informed on a topic of interest and would like to share your expertise to industry professionals, submit your presentation to the HFTP advisory councils planning the events.2019 HFTP Club and Hotel Controllers Conference June 18-19 Minneapolis Convention Center Minneapolis, Minnesota USAAt this conference, hospitality controllers and industry experts gather for two full days of hospitality specific education, designed to help them focus on current and emerging issues, best practices and complex challenges. Submit your best session idea for HFTP's upcoming program to help attendees reach their full potential and advance in their careers. Proposals should be industry-specific and designed for seasoned hospitality professionals.Submit Proposal (Submission deadline: January 25, 2019)2019 HFTP Annual Convention October 23-25 Rosen Centre Hotel Orlando, Florida USAThe cornerstone to HFTP's educational offerings, the Annual Convention is three days of education, networking and recognition of the association's stand-out members and accomplishments from the past year. Submit your best session idea for HFTP's upcoming program to help attendees reach their full potential and advance in their careers. Proposals should be industry-specific and designed for seasoned hospitality professionals.Submit Proposal (Submission deadline: March 8, 2019)

A Year in Review -- HFTP 2018 Annual Business Meeting Minutes

3 December 2018
Recently HFTP held its Annual Business Meeting at the 2018 HFTP Annual Convention at the Omni Louisville Hotel in Louisville, Kentucky USA. The meeting was led by 2017-2018 HFTP Global President Timothy Nauss, CHAE on Friday, October 26. The following are the minutes from that meeting, detailing the association's achievements of the past year, and what the association is planning for the coming year. 2018 HFTP Annual Business Meeting MinutesOmni Louisville Hotel - President Timothy G. Nauss, CHAE welcomed the members in attendance and called the Annual Business Meeting to order on October 26, 2018 at 9:16 a.m. Eastern Time.President Timothy Nauss, CHAE introduced the 2017-2018 Executive Committee and Board of Directors. President Timothy G. Nauss, CHAE, recognized the directors who completed their terms in 2018 and thanked them for their service. Outgoing plaques were presented to: Director Cindy Estis Green, Director Sherry Marek, Director Kaeko Shirasu-Bailey and Executive Advisor Jill Burnett, CHAE, CPA.HFTP CEO Frank Wolfe, CAE, gave tribute to Immediate Past President Lyle Worthington, CHTP. Wolfe highlighted that during Worthington's term as Global President, he was a disrupter and was instrumental in lending his expertise to assist HFTP in developing the Entrepreneur20X competition. Wolfe noted that under Worthington's leadership, HFTP expanded the HITEC brand internationally. Wolfe also noted that Worthington was instrumental in setting the stage for young professionals to get involved in HFTP. Wolfe presented Worthington with a plaque honoring his service and dedication to HFTP.HFTP Global Secretary, Mark Pate Sr., CHAE, CHTP, MBA, announced the minutes for the 2017 Annual Business Meeting held in Orlando, Florida, USA. Pate referred members to the 2017 Annual Convention Meeting Minutes that were posted on HFTP News and called a motion to approve. A motion was made, seconded and carried to approve the 2017 Annual Business Meeting minutes as presented.Treasurer's Report:Treasurer Michael Levie, CHTP, delivered the Treasurer's Report for the fiscal year that ends October 31, 2018. Levie informed the members to the anticipated operational revenue for the fiscal year ending October 31, 2018, will be approximately $8.44 million and operational expenses of approximately $8.81 million. Levie, commented on predicted realized gain of $140,000 and unrealized loss on investments of $10,000 resulting in a Net Expense of approximately $240, 000 for the year.Levie informed members that the HFTP Global Board of Directors approved the 2018-2019 operational revenues of approximately $8.97 million and operational expenses of approximately $9.25 million, for a net expense of approximately $280,000. Levie also informed the members that it has become necessary for HFTP to increase its annual membership dues to $415. Levie noted that this has been the first increase since 2013.Strategic Plan:Vice President Scot Campbell, CHTP, mentioned some of HFTP's initiatives for 2019 including that HFTP will maintain the premier conferences next year, including HITEC Europe in Mallorca, HITEC North America in Minneapolis and HITEC Dubai; the CIO/CFO Events with HITEC Europe, two Entrepreneur20x competitions; the Annual Convention; the Club Summit; Club & Hotel Controllers Conference; the Club Forum; and the Hotel Financial Executive Exchange. Campbell noted that in addition, the Chapter Leadership Summit will return to the schedule as a bi-annual event. Campbell highlighted that HFTP's online education will continue with a strong line-up of ProLinks webinars with monthly offerings.Campbell also informed members that HFTP Global will continue to provide important, custom content and research reports through its news sites: HFTP News, HITEC Bytes, Club Bytes, Finance Bytes, F&B Bytes and GDPR Bytes; as well as regularly published insight on the HFTP Connect blog.President's Report:President Timothy Nauss, CHAE started his report thanking his fellow HFTP Global Executive Committee members for their guidance, dedication and efforts. He also thanked HFTP members, the 2017-2018 Global Board of Directors, and HFTP CEO Wolfe and his staff for their support during his term as HFTP President.Nauss spoke about his trajectory during his term and highlighted some accomplishments, including: HFTP's commitment to cybersecurity research and its swift, prolific response to GDPR enacted in May. Nauss mentioned the vigorous commitment to scholarships for students in hospitality. Another achievement was the proactive campaign to engage young hospitality professionals at major events like HITEC and Annual Convention through specially-designed council work.Chief Executive Officer Report:HFTP CEO Frank Wolfe, CAE thanked the Annual Convention attendees and took a moment to recognize the HFTP Global staff for their hard work and dedication. Wolfe gave his report on the success of the association over the past year, and recognized and thanked Nauss for his services to HFTP.Wolfe announced the achievement that HFTP purchased the intellectual rights for the Uniform System of Accounts for the Lodging Industry (USALI). Wolfe announced the redesign of PineappleSearch.com and highlighted the following: the results of the Forrester Report, the USFRC publication, the IHG Partnership, the HFTP Chapter funds increase and the certification programs. Wolfe discussed future reports, research, advisory councils and various task forces.Wolfe concluded his report by thanking HFTP members and recognized the hard work of the 2017-2018 HFTP Global Board of Directors.Nominating Committee Report:Immediate Past President Lyle Worthington, CHTP discussed the Nominating Committee process. Worthington noted that the Nominating Committee met May 2018 in Dallas, Texas, USA. Worthington encouraged members to apply.Worthington called upon Secretary Mark Pate Sr., CHAE, CHTP, MBA to elect the 2018-2019 Board of Directors and the Executive Committee.In accordance with Article X, Section 3, of the HFTP bylaws, Pate cast the single ballot for the 2018-2019 slate of directors, and declared the individuals mentioned below as duly elected. The uncontested slate of Board of Directors includes:Toni BauCarson Booth, CHTPJill Burnett, CHAE, CPAMark FancourtIn accordance with Article X, Section 3, of the HFTP bylaws, Pate cast the single ballot for the 2018-2019 slate of officers, and declared the following individuals as duly elected to the HFTP Executive Committee:President Scot Campbell, CHTPVice President Michael Levie, CHTP Treasurer Mark Pate Sr., CHAE, CHTP, MBASecretary Neil Foster, CHTP, MBAImmediate Past President Timothy G. Nauss, CHAEExecutive Advisor, Stephanie Anderson, CHAE, CPA, CGMAPate informed the members that the Executive Committee would be installed later that night at the HFTP Annual Tribute to Success.Adjourn:There being no further business, a motion was made, seconded, and carried to adjourn the meeting at 9:50 a.m.

HFTP Initiates Young Professionals Mentorship Program

30 November 2018
As a longtime HFTP member, would you like to share your knowledge with the next generation of HFTP Young Professionals?-OR-As a HFTP Young Professional, are you interested in learning how to navigate the hospitality industry from a fellow HFTP member who wants you to succeed?Consider participating in HFTP's new Young Professionals Mentorship Program.This professional development program will match you to a mentor or mentee according to your career experience and interests. The formal program will last from February to June and could lead to a priceless connection that benefits you today and in the future.The mentorship program will encourage you to meet with your mentor/mentee and give you guided discussion topics based on mutual goals you have defined. If you are interested, please fill out your application to become a mentor or mentee by January 1, 2019. After January 1, 2019, a member of the Young Professionals Advisory Council will reach out to you about your matching status.Mentor ApplicationMentee Application

HITEC Dubai 2018 Announces Entrepreneur 20X Competition for Startups

28 November 2018
HITEC Dubai 2018, the Middle East's largest hospitality technology exhibition and conference, has opened a unique opportunity for startups to present their breakthrough business concepts at the show by participating in HFTP's expanding Entrepreneur20X (E20X) competition. The E20X start-up competition at HITEC Dubai will be held on Wednesday, December 5 from 11:50 a.m. to 12:50 p.m. and is open to all attendees.Competitors will receive fabulous exposure and validation from top companies by presenting their ideas to a room full of HITEC attendees, as well as a panel of expert judges including hospitality CIOs, angel investors, serial entrepreneurs and industry insiders. The winner, determined by the judges' panel, will be rewarded the opportunity to pitch at either the HITEC Europe or HITEC Minneapolis E20X competitions in 2019. This includes an exhibition kiosk in the E20X Innovation Lab, two full conference registrations at the corresponding conference, and extensive media coverage via HFTP's BYTES and Pineapplesearch hospitality industry news distribution networks.Frank Wolfe CAE, CEO of HFTP, said, "The E20X competition has been designed to celebrate innovation and entrepreneurship while giving businesses the opportunity to become part of a global network at HITEC Dubai. We are eager to encourage and incentivize such experiments even if it is a work in progress and can be improved by others in the know. We believe it is critical to value innovation and disruption as we move towards the future driven by technology. And startups are at the forefront of this transformation."To qualify for E20X competition, the startup must be less than three years old, have at least a demo version of the product / service, should not have raised more than $100K of investments and have a hospitality solution.HITEC Dubai Advisory Council chairperson Laurent A. Voivenel, senior vice president of Operations and Development for the Middle East, Africa and India for Swiss-Belhotel International, said, "HITEC Dubai is a great platform and vehicle for startups to get the much-needed exposure and recognition by leading players in the industry. Large companies have the resources and the brand reputation, but it is the startups that are fostering major disruptions in our industry due to their innovative ideas and thinking. We are very excited to see those ideas emerge at HITEC Dubai which could possibly become the next big thing."HITEC Dubai will be inaugurated by Dubai Tourism and will give Middle East buyers, currently worth over USD 75 billion, access to the worlds leading technology solution providers and experts in the hospitality sector. Co-produced by Hospitality Financial and Technology Professionals (HFTP) and Naseba, the two-day trade show will be held at the Madinat Jumeirah Dubai.

New CHAE and CHTP Designees: October 2018

27 November 2018
The following individuals recently passed their respective exams for the Certified Hospitality Accountant Executive (CHAE) and Certified Hospitality Technology Professional (CHTP). Click here to learn more about HFTP's certification programs.New DesigneesKrysta Erovick, CPA, CHAE / vice president of finance / Discover Lodging Management / USAMatthew Rosado, CHAE / director of finance / Doubletree Minneapolois Park Place / Greenwood Hospitality / USAKristin Gassick, CHTP / Corporate Director of IT / Enchantment Group - Resorts & Spas / USAGabriel Longoria, CHTP / IT Manager / Hotel Emma / USAWhy Get Certified?Elevate your professionalism and demonstrate superior industry performance. Active certificants have reported higher salaries and various career advancement opportunities. Becoming certified indicates that you are committed to professionalism, continuing education and your chosen career path. HFTP offers the only designations for finance and technology professionals who are working in the hospitality industry. How HFTP Certification Can Advance Your Career>Certification Advisory Program (CAP)The program is designed to assist CHAE and CHTP certification applicants in achieving their HFTP certification designation. CAP brings together both candidates and advisors, who will help and support candidates in one-to-one interactions, as a supplemental review option for the certification exams. Learn More>About HFTP CertificationsHFTP administers the examination and awards the certification for the Certified Hospitality Accountant Executive (CHAE) and the Certified Hospitality Technology Professional (CHTP) designations. HFTP's certification programs are globally recognized for setting industry standards for hospitality finance and technology. Qualification for the exams is based on level of education and experience in the industry. Student programs are also available. Find out how to apply as well as exam information, study guides, check lists and much more by visiting HFTP's website at www.hftp.org (click "Career Development" at the top).

E20X Amsterdam Judge's Award Winner KITRO Designed Innovative Solution to Combat Food Waste

26 November 2018
It takes a truly cutting-edge business concept from a startup to best the competition and take home the coveted Judge’s Award at Entrepreneur 20X (E20X). During E20X Amsterdam in April 2018, that kind of groundbreaking concept was presented by KITRO — a startup company that designed a digital device to alleviate the very real-world problem of global food waste in the hospitality industry.

Upcoming December Chapter Events

21 November 2018
Take a look at the upcoming HFTP chapter event calendar. Click here to view the upcoming events.HFTP has more than 76 local chapters throughout the world. Attend chapter meetings to connect with your local network of HFTP members and share solutions with professionals in your community. Chapters provide tremendous opportunities for education and networking. Find a HFTP chapter and get involved today. MoreHFTP chapters offer several opportunities for involvement and leadership, from officers and committee members to volunteers. Get involved with HFTP at the local level and beyond. MoreHFTP offers chapter leaders chapter specific online webinars through a series of education training webinars. MoreLearn more about HFTP chapters>Find a chapter near you>

Dubai Tourism to Inaugurate 'HITEC Dubai 2018'

15 November 2018
HITEC Dubai 2018, the Middle East's largest hospitality technology exhibition and conference, will be inaugurated by Dubai Tourism on 5th December 2018. The annual business-to-business (B2B) exhibition will give Middle East buyers, currently worth over USD 75 billion, access to the world's leading technology solution providers and experts in the hospitality sector.Commenting on the critical role technology is playing in driving tourism, Issam Kazim, CEO, Corporation for Tourism and Commerce Marketing (DCTCM)stated, "Dubai is a global hub of innovation with the ongoing development of technology at the centre of our strategy. Disruptive technologies are creating new opportunities for our industry while reengineering the marketplace, and Dubai is at the forefront of capitalising on these emerging technologies to optimise travellers' journey. We will continue our focus on harnessing the power of data to redefine the customer journey whilst strengthening developments of advanced technology solutions as we invest in entrepreneurship and environmental sustainability that sets a new benchmark for global travel. As such, we are delighted to support HITEC Dubai as the tourism sector continues to lead the way when it comes to evolving technology."Dubai Tourism is the destination partner for HITEC Dubai 2018 that will feature regional and international case studies, thought provoking panel discussions and technology demonstrations from 70+ solution and service providers. Co-produced by Hospitality Financial and Technology Professionals (HFTP) and Naseba, the two-day trade show will be held on 5th and 6th December 2018 at the Madinat Jumeirah Dubai.Frank Wolfe CAE, CEO of HFTP, said: "It's an honour to receive DTCM's endorsement to HITEC Dubai for the second consecutive year and have their CEO Mr. Issam Kazim lead the show's official opening ceremony. DTCM's support reemphasizes the government's commitment to transform the hospitality industry through proactive adoption of innovative and intuitive technology, and further position the UAE as a regional driver of innovation."Few industries have felt the impact of enabling technology like hospitality. HITEC Dubai's Advisory Council Chairperson Laurent A. Voivenel, Senior Vice President, Operations and Development for the Middle East, Africa and India for Swiss-Belhotel International, said, "Technology holds the key to a more advanced, sustainable and smart future which is revolutionising the hospitality sector like every other industry. Tech-savvy tourists are demanding more from hotels and therefore it is essential to give them the enhanced experiences they crave. Internet of Things, Cloud Technology, Virtual Reality, Artificial Intelligence, Robotics, Blockchain, etc are all paving the way for the future of technology in the hospitality sector and HITEC Dubai will give be a great platform to see the latest developments transforming our industry."For more information or to register for HITEC Dubai 2018 visit https://www.hitec-dubai.com/ABOUT NASEBANaseba offers global business facilitation services. The company creates growth opportunities by bringing together people, partners and ideas. It helps clients raise capital, enter new markets, secure partners, close sales and educate workforces. Naseba's goal is to create opportunity and add economic value at every stage of its client's journey. It does this through three key areas: investor services, commercial services and leadership services. Since inception in 2002, Naseba has facilitated deals totalling billions of dollars for its clients. The company has connected over 100,000 global executives through more than 1,000 proprietary business platforms and is an expert in growth markets.About Dubai's Department of Tourism and Commerce Marketing (Dubai Tourism)With the ultimate vision of positioning Dubai as the world's leading tourism destination and commercial hub, Dubai Tourism's mission is to increase the awareness of Dubai among global audiences and to attract tourists and inward investment into the emirate. Dubai Tourism is the principal authority for the planning, supervision, development and marketing of Dubai's tourism sector. It markets and promotes the Emirate's commerce sector, and is responsible for the licensing and classification of all tourism services, including hotels, tour operators and travel agents. Brands and departments within the Dubai Tourism portfolio include Dubai Business Events, Dubai Calendar, and Dubai Festivals and Retail Establishment.

Sold! HFTP Helps 2018 Silent Auction, Special Event Raise More Than $12,000 for Education

14 November 2018
HFTP netted more than $12,000 in support of hospitality, finance and technology education through a silent auction and special event that took place at the HFTP 2018 Annual Convention last month.

HFTP Representatives Attend the HCAA 27th Anniversary Dinner in Hong Kong

14 November 2018
Last week on November 6, HFTP representatives visited with members of the allied Hotel Controllers and Accountants Association of Hong Kong (HCAA AGM). The occasion was for the group's 27th anniversary dinner held at the Royal Plaza Hotel in Hong Kong. In attendance from HFTP were Frank Wolfe, CAE, HFTP CEO; Timothy Nauss, CHAE, HFTP Global Immediate Past President and Evita Ma, director at the HFTP Asia Research Center. Also in attendance were members of the HFTP Hong Kong Poly-U Student Chapter.See the photos in the gallery from the event.

Participate in the HFTP Entrepreneur 20X Start-up Pitch Competitions in 2019

8 November 2018
Hospitality Financial and Technology Professionals (HFTP), producers of Hospitality Industry Technology Exposition and Conference (HITEC), is currently accepting applications for participants and mentors for its Entrepreneur 20X (E20X) competitions in 2019. The start-up pitch competition for the most innovative, breakout hospitality technologies will be held twice next year: at HITEC Europe on April 9 and at HITEC Minneapolis on June 17. Those interested in either competing or volunteering as a mentor can apply via the E20X website.E20X competing companies will be selected from the field of applicants, who will then pitch their business concepts to a panel of expert judges as well as an audience of HITEC attendees and exhibitors. Prior to the pitching portion of the competition, participants will have the opportunity to meet with a team of mentors who will lend insights, expertise and guidance. The E20X judges' panel will determine the winner of the grand prize, the E20X Judges' Choice Award. Winners will be awarded EUR2,500 EUR at HITEC Europe and $5,000 USD at HITEC Minneapolis.Following the pitch competition, participating companies are able to meet with HITEC attendees to demonstrate their technology in a specially appointed area at the event. Attendees are given a chance to vote for their favorite and select their preferred pitcher to receive the People's Choice award, presented at the conclusion of HITEC.E20X mentor opportunities are available to industry professionals who would like to volunteer and share their knowledge with participants the day of the competition. Day-of mentors will meet face-to-face with participants in a series of pre-booked meetups hours before the E20X competition takes place sharing their experience, answering questions and making invaluable connections."Being an entrepreneur, running your own business, can be challenging in the sense that you are solely making decisions without the guidance of feedback," said HFTP CEO Frank Wolfe. "HFTP's Entrepreneur 20X event gives startups the opportunity to showcase their products, services and ideas in front of a global network of industry peers including investors, c-level experts and a judges' panel that is guaranteed to serve as a steppingstone on your path to success."The presenter application deadline for E20X Europe is February 9, 2019 with a EUR150 fee. The presenter application deadline for E20X Minneapolis is April 1, 2019 with a $250 USD fee.Coming next month is the third of three HITECs in 2018: HITEC Dubai on December 5-6, 2018 at the Madinat Jumeirah in Dubai, UAE. HITEC Europe is April 9-11, 2019 at the Palau de Congressos in Palma, Mallorca, Spain. HITEC Minneapolis is June 17-20, 2019 at the Minneapolis Convention Center in Minneapolis, Minnesota USA. For more information about HFTP's international events, visit www.hftp.org and www.hitec.org or contact the HFTP Meetings & Special Events Department at education@hftp.org.

Deadline Extended to Dec 1: Why Join HFTP Video Contest

8 November 2018
The "Why Join HFTP" video contest is designed to give HFTP members the chance to explain why they are passionate about HFTP. Team up with three to five HFTP members and create a 30-120 second video explaining why you are passionate about HFTP. The winning team will receive $1,000 USD. Video entries will be accepted through December 1, 2018.Contest Overview: Who Can Participate?The "Why Join HFTP" Video contest is open to all HFTP members. HFTP staff and HFTP Board of Directors or family members of HFTP Staff and HFTP Board of Directors are not eligible to participate in the Contest.Date of ContestVideo entries will be accepted starting on September 6, 2018 and ending December 1, 2018. All online entries must be received by December 1, 2018 to be eligible to win the Grand Prize.PurposeThe purpose of this competition is to highlight all the amazing things HFTP membership offers. So "Why Join HFTP" can be any positive reason your team has for encouraging membership. Here are some examples, but keep in mind that there are so many ways to show why hospitality professionals should join HFTP.PrizeThe winning team's video will be selected by a committee of HFTP representatives. Winning team will receive $1,000.00 USD. How to Enter:Get with 3-5 HFTP members and create a team. Teams must be no smaller than 3 people, and no larger than 5 people.Choose a clever team name.Create a video with a theme of "Why To Join HFTP". For example, how has HFTP changed your career, things HFTP offers its members, etc.Video must be submitted to the submission form via link through a page of your choice (YouTube, Vimeo, etc.).Video length must be between 30 and 120 seconds.Agree to contest Terms and Conditions (see below).Upload your video to the submission form here.Contest Terms and ConditionsFor full contest terms and conditions, click here. The entry must fulfill all contest requirements, as specified, to be eligible to win a prize. Attendees may enter only once. This contest is in no way sponsored, endorsed or administered by, or associated with, Twitter, Vimeo, YouTube, Instagram or Facebook.Questions?Please contact Millicent Gustafson at Millicent.Gustafson@hftp.org or Melissa Trevino at Melissa.Trevino@hftp.org.

New Global Directors Join the 2018-2019 HFTP Board

8 November 2018
The HFTP 2018-2019 Global Board of Directors was installed during the association's 2018 Annual Convention and introduces new directors Toni Bau, Carson Booth, CHTP and Mark Fancourt. These extensive director profiles give insight into the distinguished professions and personal goals of HFTP's newest association leaders. By Briana Gilmore

HFTP 2018-2019 Global Executive Committee and Board of Directors Begin Term

5 November 2018
The 2018-2019 Global Executive Committee and Board of Directors for Hospitality Financial and Technology Professionals (HFTP) have officially begun their term at the start of this month. The association leaders represent a wide variety of segments within the hospitality industry, including: clubs, consulting, hotels, finance, technology and more. The HFTP Global Board volunteers its time and professional expertise to help guide and progress the association to the forefront of the industry as it carries out its strategic plan.The HFTP Global Board is the primary decision-making body of the association. Under its Board's vision, HFTP is able to expand its international reach and address the needs of the hospitality industry at large. The Board ensures the continuity of the association by planning for the future, establishing and reviewing major policies and programs that support the mission of the association, and by ensuring that the association is fiscally sound."The HFTP Global Board looks at the association's big picture strategic goals, and makes sure its current programs and initiatives align with these," said HFTP Global President Scot Campbell, CHTP. "It is an active time for HFTP as it expands its presence internationally and develops and updates industry resources. The Board pursues each of these initiatives only after determining whether they do serve to provide a source of hospitality finance and technology knowledge - HFTP's strategic goal."HFTP 2018-2019 Global Executive Committee members:President: Scot Campbell, CHTP, CTO, North American Concerts - LiveNationVice President: Michael Levie, CHTP, COO, citizenM HotelsTreasurer: Mark Pate Sr., CHAE, CHTP, MBA, Assistant Controller and IT Director, Highpointe Hotel CorporationSecretary: Neil Foster, CHTP, MBA, IT Consultant, Tech-Tonic Hospitality ServicesImmediate Past President: President: Timothy G. Nauss, CHAE, CFO, Macau Studio CityExecutive Advisor: Stephanie Anderson, CHAE, CPA, CGMA, CFO, River Bend Golf & Country ClubHFTP 2018-2019 Global Board of Directors:Director Toni Bau, Director of Finance, Portola Hotel and Spa Read her new director profile.Director Carson Booth, CHTP, CEO, SnapShot GmbH Read his new director profile.Director Cindy Braak, SVP Finance Business Partner, Marriott InternationalDirector Jill Burnett, CHAE, CPA, Controller, Medalist Golf ClubDirector Mark Fancourt, Co-Founder, Testbed.Vegas & TRAVHOTECH * Read his new director profile.Director Md Amirul Islam, CHAE, Assistant Manager of Income Audit, Marriott Autograph CollectionDirector Martha Mazzitelli, CAM, CHAE+, CHTP+, CFO, Bay Colony Shared ServicesDirector Nick Price, CEO, NetSys Technology LimitedDirector Laurie Rozeski, CHAE, MBA, CFO, Wildcat Run Golf & Country ClubDirector Justin Taillon, MBA, PHD, Professor and Department Head, Highline CollegeDirector Derek Wood, Managing Director, Derek Wood Associates LTDEx Officio Frank I. Wolfe, CEO, HFTPUpcoming this year, HFTP will continue to produce three Hospitality Industry Technology Exposition and Conferences (HITEC). The largest is in Minneapolis, Minnesota USA on June 17-20, 2019; plus HITEC Dubai on December 5-6, 2018 and HITEC Europe in Mallorca, Palma, Spain on April 9-11, 2019. Other HFTP conferences include: Club Summit on March 11-12, 2019 in Nashville, Tennessee USA; Club and Hotel Controllers Conference on June 17-19, 2019 in Minneapolis, Minnesota USA; and the Annual Convention on October 23-25, 2019 in Orlando, Florida USA. The association will continue to promote its newsworthy, resourceful web series: HITEC Bytes, HFTP Club Bytes, HFTP Finance Bytes, HFTP F&B Bytes, HFTP GDPR Bytes and HFTP News - as well as its hospitality-specific search engine, PineappleSearch.com.For more information on HFTP leadership and leadership opportunities, contact HFTP Executive Services Administrator Millicent Gustafson at millicent.gustafson@hftp.org or +1 (512) 220-6449.

Upcoming HFTP Chapter Events: November

2 November 2018
Check out the upcoming HFTP chapter event calendar. Click here to view the upcoming events.HFTP has more than 76 local chapters throughout the world. Attend chapter meetings to connect with your local network of HFTP members and share solutions with professionals in your community. Chapters provide tremendous opportunities for education and networking. Find a HFTP chapter and get involved today. MoreHFTP chapters offer several opportunities for involvement and leadership, from officers and committee members to volunteers. Get involved with HFTP at the local level and beyond. MoreHFTP offers chapter leaders chapter specific online webinars through a series of education training webinars. MoreLearn more about HFTP chapters>Find a chapter near you>

We Leave a Lot Stronger, both Professionally and Personally

31 October 2018
The HFTP 2018 Annual Convention finished with a “grand finale” on Friday night, and what a remarkable event — delicious food and a beautifully decorated ballroom filled with some of the best attendees ever. What a great time, and the perfect ending to a fantastic week!

HFTP Holds Another Successful Annual Convention Defined by Quality Education and Networking

30 October 2018
Hospitality Financial and Technology Professionals (HFTP) members and hospitality industry professionals came together for education and networking at the HFTP Annual Convention last week. This year's convention was held from October 24-26, 2018 at the Omni Louisville Hotel in Louisville, Kentucky USA."The Annual Convention is an example of what HFTP does best, relevant knowledge sharing by its network of hospitality finance and technology professionals," said HFTP CEO Frank Wolfe, CAE. "This year captured that formula exceptionally, with an interesting program that brought attendees up-to-date on a variety of topics and exhibitors that demonstrated useful services and products."The event's education schedule offered attendees the opportunity to choose from 42 sessions on trending industry topics including: the evolving club, disaster planning and recovery, leadership, e-commerce, club accounting, ransomware, data security, hotel and club ethics, internal controls, and more. In traditional HFTP fashion, the Annual Convention featured two keynotes and a general session, attendee networking, and the Annual HFTP business meeting. In addition, 25 exhibitors with industry-related products and services were available to speak with the professionals in attendance.In conjunction with the convention, HFTP held its fourth-annual HFTP Helps program raising over $12,000 that week. Money raised will be donated to Louisville-area NAF programs, a national network of education, business and community leaders who work together to ensure high school students are college, career and future ready. Funds were raised through an online auction which offered a variety of items such as hotel stays and golf games. Also, an evening event hosted by the HFTP Greater Louisville Chapter brought in additional funds, with a portion of the entrance fee directed to HFTP Helps.Annual Convention also represents a time for HFTP to recognize outstanding achievement from individuals and HFTP chapters that embody the success of the association. Below were this year's industry-leading award recipients that were selected by a council of industry colleagues and peers.2018 CHTP of the Year: Sean Van Dyke, CHTP, IT manager at the St Julien Hotel and Spa2018 CHAE of the Year: Elijah Spiritoso, CHAE, controller at Frog Commissary2018 Paragon Award: Anna McFarland, CFE, CHAE, CHTP, CPA, finance consultant with Global Hospitality Consulting2018 Technology Hall of Fame: Tammy Farley, co-founder and president of The Rainmaker Group; Jing Zhu, founder and chairperson of the China Hospitality Technology Alliance (CHTA)2018 President's Award: Christopher Begley, CHTP, IT manager at Hotel Nikko San Francisco2018 HFTP Chapters of the Year: HFTP Monterey Chapter (Tier A: 1-35 members); HFTP Florida Manasota Chapter (Tier B: 36-70 members); HFTP Mid-Florida Chapter (Tier C: 71+ members)2018 HFTP Student Chapter of the Year: HFTP San Jose State University Student ChapterThe association's new 2018-2019 HFTP Global Board were installed during the event's HFTP Annual Tribute to Success evening, and Scot Campbell, CHTP assumed his role as the new HFTP Global President. Pictures from the event are now available in an online gallery.Dates are already set for the next two Annual Conventions: in 2019 it is slated for October 23-25 at the Rosen Centre Hotel in Orlando, Florida USA; and in 2020 it is slated for October 14-16 at the Hyatt Regency Minneapolis.

HFTP and IHG Owners Association Sign Partnership Agreement

26 October 2018
Hospitality Financial and Technology Professionals (HFTP) and InterContinental Hotels Group (IHG) Owners Association recently signed a partnership agreement that will closely connect the two groups in building on the professional development opportunities for IHG Owners Association members, as well as expanding the scope of each other's resources."HFTP and IHG Owners Association are both dedicated to promoting hospitality education in a way that will help shape the future of our ever-evolving industry," said HFTP CEO Frank Wolfe, CAE. "The collaboration that comes with this partnership will support the success of both organizations through exchanging ideas and best practices."The two organizations are member-based associations which benefit from their networks' extensive knowledge base to develop and present educational opportunities, best practices and other resources. Through this agreement as allied partners, IHG Owners Association members will be able to draw from HFTP educational programs and resources to expand their member benefits."This new partnership will provide the IHG Owners Association with greater educational resources for our members, and incremental access to new opportunities in the area of hospitality finance and technology. We are looking forward to both organizations taking full advantage of this partnership, and HFTP coming on board as an allied member of the association," says Don Berg, IHG Owners Association CEO.About IHG Owners Association The IHG Owners Association, originally established by Holiday Inn founder Kemmons Wilson in 1955, was the first association of its kind in the hotel industry. It currently represents the interests of 4,500 owners and operators of more than 3,600 InterContinental Hotels Group (IHG) properties in the United States, Africa, Asia Pacific, Canada, the Caribbean, Greater China, Europe, Latin America, Mexico and the Middle East. The Association is a voice for its members and plays an integral role in communicating with IHG leadership on issues related to franchised hotel operations. The IHG family of brands includes Regent Hotels & Resorts, InterContinental Hotels & Resorts, Kimpton Hotels and Restaurants, Hotel Indigo, EVEN Hotels, HUALUXE Hotels and Resorts, Crowne Plaza Hotels and Resorts, voco, Holiday Inn Hotels and Resorts, Holiday Inn Express, avid hotels, Staybridge Suites and Candlewood Suites. For additional information, visit www.owners.org.

Internal Controls and the Important Roles They Play in Eradicating Fraud

25 October 2018
Although I have been preoccupied with getting in the education sessions purely related to hospitality finance, technologies and hotel pre-opening, I made sure to participate in Fun with Fraud and Enchanting Employee Embezzlement in Clubs and Hotels presented by Jerry Trieber, CPA, CHAE, CFE, CFF, CGMA, HFTP Global past president and director of audit services/support at HEI Hotels and Resorts.

HFTP Purchases Rights to the Uniform System of Accounts for the Lodging Industry (USALI)

25 October 2018
Hospitality Financial and Technology Professionals (HFTP) has purchased the copyright to the Uniform System of Accounts for the Lodging Industry (USALI), a resource the association has been connected to since its origins. Widely used internationally, the primary purpose of the USALI is to offer operating statements formatted to provide hotel owners, managers and other interested parties with operational information pertinent to the lodging industry. The USALI was first published in 1926 and is currently in its 11th edition. The copyright was previously owned by the Hotel Association of New York City. The resource is published by the American Hotel & Lodging Educational Institute, and HFTP has been a continuous sponsor and contributor to the publication.The USALI, 11th revised edition was released in January 2015. Revisions to the USALI are overseen by the Financial Management Committee (FMC) of the American Hotel & Lodging Association (AHLA), a majority of which are HFTP members. Although the revision process will not change, HFTP plans to lean on its resources as an international organization to drive greater global adaptation."HFTP's goal is to be a source on finance and technology for the hospitality industry and owning the rights to the USALI, an essential resource used across the industry, aligns directly with this directive," said HFTP Global President Timothy Nauss, CHAE. "With the new ownership responsibility, HFTP will continue to prioritize the evolution of the guidance within the USALI to reflect the changing nature of the hospitality industry."HFTP's existence is due in large part to the establishment of the USALI, when the Hotel Accountants Association of New York met in 1925 to write and publish the book. From that point, the New York group and other state-centered hotel accounting groups moved to organize a national association. It eventually did in 1952 as the National Association of Hotel Accountants, now known as HFTP."The histories of the USALI and HFTP are intertwined, and I am confident HFTP as steward to the financial resource will maintain the USALI's relevance to the industry," said HFTP CEO Frank Wolfe, CAE.

A Series of Must-Read Articles on Cybersecurity Produced by the HFTP Research Centers

23 October 2018
Data security remains a pressing concern and top priority for the hospitality industry. The HFTP Research Centers are dedicated to producing findings that can significantly aid hospitality businesses in their efforts to protect their guests’ privacy and personal information against potential cyber threats and attacks.

Don't Forget the Three P's to a Successful Convention: Plan, Prepare and Promote

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22 October 2018
HFTP 2018 Annual Convention week is here, and we are excited! Louisville, we will be there soon — all geared up and prepared to meet up with some of the greatest people in hospitality.

Be Prepared: Have an Action Plan for Professional Development

18 October 2018
I am currently making my travel arrangements for Louisville, Kentucky next week, as are the rest of my fellow HFTP 2018 Annual Convention attendees. The process has brought back memories from the 2017 HFTP Annual Convention in Orlando, Florida — where I was a first-time attendee and first-time guest blogger.

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