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  • HFTP Research Report: Pre-opening Expenditures in Hospitality

    A study of the pre-opening budget; the timeline for these expenditures; timeline for onboarding of staff; and the selection, installation and training of the technology component. By Agnes DeFranco, Ed.

  • 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.

Meet Minneapolis: Travel to the Twin Cities this Summer for HITEC 2019

14 February 2019
We all know that travel can be a real hassle. So, what about a trip makes it worth packing up your suitcase, saying goodbye to your family for the next few days, fighting the airport and staying in a strange city?

HITEC Minneapolis Online Registration and Housing Bureau Open; Opening Keynote Session Announced

7 February 2019
Hospitality Financial and Technology Professionals (HFTP), producers of the world's largest Hospitality Industry Technology Exposition and Conference (HITEC), has announced that attendee registration for its HITEC Minneapolis is now available online, as well as hotel reservations. Annually, HITEC highlights the industry's tech trends and current approach to integrating technology into the hospitality sphere. To set the tone on the first day, award-winning futurist Chris Riddell will present the Opening Keynote, "Beyond Tomorrow -- The Human Revolution." HITEC Minneapolis will be the second, and largest, HITEC event of 2019 and is from June 17-20 at the Minneapolis Convention Center in Minneapolis, Minnesota USA."Annually HITEC provides industry professionals a comprehensive viewpoint on hospitality technology and global business trends, with multiple inputs that offer an extensive understanding on the direction the industry is moving," said HFTP CEO Frank Wolfe. "The education program, exhibition and networking opportunities all deliver an attendee the prospects to find the solutions they are looking for."The Opening Keynote will be presented in the afternoon on June 17, 2019 by Chris Riddell. He is an award winning global futurist and industry recognized inspirational keynote speaker on emerging trends in our hyper connected world. Riddell is a global pattern hunter, discovering and identifying how humans are changing and adapting to high speed change, unlocking insights for businesses and leaders in today's highly disrupted digital world.HITEC Minneapolis has scheduled a full education program planned by the HITEC Minneapolis Advisory Council, a group of industry practitioners and experts. The council is co-chaired by Shannon Knox, vice president of IT Field Services and Strategic Sourcing at Hilton and Justin Taillon, Ph.D., professor and department head at Highline College. The exhibit hall hosts over 350 companies displaying a range of products and services to support the hospitality technology industry.In addition to HITEC Minneapolis, in 2019 HFTP will bring back its two, regional conferences: HITEC Europe and HITEC Dubai. HITEC Europe will take place from April 9-11 at the Palau de Congressos Centre in Palma, Mallorca, Spain. HITEC Dubai will take place in the fall. For more information about HITEC and HFTP's other international activities, contact the HFTP Meetings & Special Events Department at education@hftp.org or visit www.hftp.org and www.hftp.org/hitec.

HFTP Global Past President Arlene Ramirez to Present at HFTP Los Cabos Chapter Meeting

6 February 2019
This month, the HFTP Los Cabos Chapter will have a special guest speaker: HFTP Global Past President Arlene Ramirez, CHAE, CHE, CHIA, MBA. Ramirez will be presenting an update on HFTP Global initiatives. She will cover what HFTP is doing around the world with HFTP, the future direction of HFTP and what value the association brings to members.All area members are invited to attend. Here are the details:Friday, February 15, 2019 | 7:30 p.m. Playa Grande ResortAv. Playa Grande no. 1 Col. CentroCabo San Lucas, BCS, Mexico, 23450Meeting Room: AuditorioTo attend, send an RSVP.

HFTP Welcomes New Scholars to Middle East Research Center

5 February 2019
Hospitality Financial and Technology Professionals (HFTP) is pleased to continue its partnership with the Emirates Academy of Hospitality Management (EAHM) through the addition of two new scholars to its Middle East Research Center: Mercy Kiprotich and Vladan Pantelic. The HFTP Middle East Research Center, along with the HFTP Americas and Asia Research Centers, are an essential component of HFTP's initiative to provide members with quality new resources and information that advance the global hospitality industry. Kiprotich and Pantelic are currently pursuing their master's degrees and will be delving into research that provides new insights in hospitality management in the United Arab Emirates. Both scholars were carefully selected by EAHM, and will conduct their research under the supervision of Dr. Sanjay Nadkarni, Ph.D, Director of EAHM's Innovation and Research Center.Leading up to their graduate school careers, both Kiprotich and Pantelic boast impressive backgrounds in the industry. "We are fortunate to have Mercy and Vladan join the HFTP Middle East Research Center," said HFTP CEO Frank Wolfe, CAE. "While their futures are bright, their prior industry experiences alone have set them apart from their peers. As research scholars, their contributions will help HFTP advance industry knowledge."Prior to her studies, Kiprotech worked extensively in hospitality, building her international, hands-on experience in event planning, sales performance analysis, and property management. As a graduate student, she is diving into her thesis investigating how Dubai hotels are beginning to leverage blockchain technology.Pantelic, who has vast experience in operations with Jumeirah Hotels & Resorts, will use his knowledge to focus his thesis on the selection of key performance indicators by hotel management in the UAE. HFTP will provide a platform for the dissemination of the scholars' findings through whitepapers and blogs.

Visit with HFTP Global at the 2019 CMAA World Conference and Club Business Expo

4 February 2019
HFTP will be at the upcoming 2019 CMAA World Conference and Club Business Expo on February 24-28, 2019 in Nashville, Tennessee USA. The event offers a robust educational programming with sessions on hiring, marketing, food and beverage, finance, member relations and more.Come by HFTP's booth #826 at the Club Business Expo and visit with HFTP Global representatives to discuss your career needs or those of your staff and how HFTP membership can help.

2019 HFTP Annual Convention Call for Presentations; Deadline March 8, 2019

4 February 2019
HFTP is in the midst of preparations for its 2019 Annual Convention, planning for excellent, information-driven session presentations to offer convention 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 Annual Convention Education Advisory Council planning the event.2019 HFTP Annual ConventionOctober 23-25Rosen Centre HotelOrlando, 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)

HFTP Members: Take Advantage of a UPS Discount for Your Shipping Needs

4 February 2019
HFTP and UPS took the guesswork out, and put the easy in. HFTP members now have access to new and improved flat rate pricing with UPS -- no matter how much you ship, when you ship, or where it's going.Members-Only Savings Include:10% on UPS Next Day Air(r) Early45% on Domestic Next Day / Deferred25% on Ground Commercial / ResidentialInternational: 50% on Export / 40% on Import / 25% Canada StandardSavings begin at 75%* on UPS Freight(r) shipments over 150 lbs.In addition, members can take advantage of UPS Smart Pickup(r) service for free.Open a new account, or if you are already taking advantage of the UPS savings program, re-enroll and apply the new discounts to your existing account by visiting: www.savewithups.com/hftp or call 1-800-MEMBERS (1-800-636-2377), M-F 8 a.m. - 5 p.m., ET.Visit www.savewithups.com/hftp for specific services and discounts.

Applications Now Open for Positions on the HFTP Global Board and Executive Committee

22 January 2019
Hospitality Financial and Technology Professionals (HFTP) is calling hospitality professionals who are innovative, strategic thinkers to join the association's top leadership. The application process to participate is open for director positions on the HFTP Global Board and the secretary on the HFTP Global Executive Committee. These two bodies represent the highest volunteer positions at the association, advising on the strategic direction of HFTP. The deadline to submit an application is April 1, 2019.The HFTP Board of Directors and Executive Committee meet several times a year in person or virtually to discuss the association's immediate and long-term endeavors. Directors and executive committee members provide valuable input drawing from their expertise as hospitality professionals, offering a perspective of current industry trends and concerns; as well as professional skills.Requirements for HFTP Global directors include any HFTP Principal, Agent, Allied or Education member in good standing is eligible for nomination to the Board of Directors. Any HFTP Principal, Agent, or Education member in good standing that holds one of the HFTP designations -- CHAE or CHTP -- shall be eligible for nomination to an officer position. Allied members are not eligible for nomination to an officer position.Directors serve on the board for three years, with new directors selected annually. Annually a secretary is selected for the HFTP Global Executive Committee.To apply for a director position, visit the HFTP website under the Get Involved tab. To apply for the secretary position, please contact Millicent Gustafson for more information. If you have any questions about the process, contact Millicent Gustafson, HFTP Executive Services Administrator at millicent.gustafson@hftp.org.

Why Hospitality Tech Startups Should Join a Pitch Competition like HFTP's Entrepreneur 20X in 2019

17 January 2019
You have brainstormed a brilliant idea to solve an existing problem in today’s complex hospitality industry. You’ve put in the work to turn that idea into a startup business. That may have included creating a team, designing a website and developing your product. Now, what you need involves securing funding, building your contacts and burgeoning your brand to go fully from a successful startup to a straight-up success.

HFTP Research Report: Pre-opening Expenditures in Hospitality

10 January 2019
A study of the pre-opening budget; the timeline for these expenditures; timeline for onboarding of staff; and the selection, installation and training of the technology component. By Agnes DeFranco, Ed.D., CHAE; Arlene Ramirez, MBA, CHAE, CHE, CHIA; and Tanya Venegas, MBA, MHM, CHIA. A report from Hospitality Financial and Technology Professionals (HFTP).

Deadline Extended to January 15 - HFTP Initiates Young Professionals Mentorship Program

7 January 2019
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 15, 2019. After January 15, 2019, a member of the Young Professionals Advisory Council will reach out to you about your matching status.Mentor ApplicationMentee Application

HITEC Europe 2019 Online Registration Open, Keynote Announced

7 January 2019
Hospitality Financial and Technology Professionals (HFTP), producers of Hospitality Industry Technology Exposition & Conference (HITEC), announced that attendee online registration for its third-annual HITEC Europe is now open. The event is the first of three HITEC events in 2019, which bring together thought leaders, practitioners and vendors to cover hospitality technology trends and practices. HITEC Europe will take place from 09-11 April 2019 at the Palau de Congressos in Palma, Mallorca, Spain."HITEC Europe in 2019 will be located in the premiere travel destination of Palma, Mallorca a locale with hundreds of hotels and headquarters to numerous hospitality companies," said Carl Weldon, HFTP COO - Europe. "Not only is the island a draw due to its large hospitality market, but the program for HITEC Europe will be a cannot miss event for industry professionals who are involved in the technology operations at hotels, resorts and more."A highlight to the program is the keynote presentation on Wednesday, 10 April by award-winning futurist Rohit Talwar. Talwar is an entrepreneur and specialist advisor on business transformation, disruptive strategies and radical innovation. Profiled as one the top 10 global future thinkers by the Independent newspaper, his controversial and inspiring keynote speeches enable teams to think differently, act fast and be first to the future."Rohit includes a good mixture in his presentation of technology, as well as management and business strategies to cope with the various disruptors that will be coming our way," said HITEC Europe Advisory Council Chair Derek Wood.HITEC Europe full registration attendees will have access to two full days of education, two full days of exhibits and access to the Entrepreneur 20X (E20X) pre-conference event and Welcome Reception. The full schedule of events is available on the HITEC Europe website.Education. Full registration attendees will have access to two days of educational training and best practices, carefully planned for the European hospitality market by the HITEC Europe Advisory Council, including the keynote presentation.Exhibits. Full Registration attendees, as well as those purchasing an exhibits only attendee pass will have access to two days of exhibits. Do not miss the only opportunity to see a number of new products and high-caliber existing products all in one location. The education program does not conflict with exhibit hours, but attendees will also have access to educational opportunities right on the show floor with the new Spotlight Presentations.View the current HITEC Europe floor plan to see which companies are exhibiting. Stands for the 2019 exhibition are still available for companies interested in participating.Entrepreneur 20X (E20X). This pre-conference event features ambitious, unfunded technology entrepreneurs presenting breakthrough business concepts to a room full of HITEC attendees as well as a panel of expert judges. All HITEC badges, including exhibits-only badges, will have the opportunity to watch some of the most innovative startups the hospitality technology industry has to offer compete in the European version of the globally recognized pitch competition.The application process for participating in the competition is now open through 08 February 2019.In addition to the opening of HITEC Europe registration, the HITEC Europe website offers information on travel and hotel reservations.Following HITEC Europe, HFTP will host the larger HITEC Minneapolis on 17-20 June 2019 in Minneapolis, Minnesota USA. Registration for HITEC Minneapolis is open as well. For more information about HITEC and HFTP's other international activities, contact the HFTP Meetings & Special Events Department at education@hftp.org.

2019 HFTP Club Summit: An Advanced-level Educational and Networking Experience

4 January 2019
March 11-12, 2019 / Doubletree by Hilton Nashville Downtown / Nashville, Tennessee USATake the opportunity to draw from a room of highly-experienced club professionals and expert presenters to help you professionally excel. In its second year, the HFTP Club Summit is returning after it was a hit with attendees in its debut year. Sarah Ford, a 2018 Club Summit attendee, wrote in detail about all she learned that year in a blog, "Escaping the Nor'easter for the Inaugural HFTP Club Summit in New Orleans." In a comment about the final Open Forum session of the event, she wrote, "Club controllers and CFOs from all over the country were asking questions, sharing knowledge and collaborating with one another in a lively fashion. With all of the experience in that room, it could have gone on for days."This year, the program maintains its two-day, interactive, thought-provoking format with critical topics for club financial professionals. The sessions scheduled are as follows, with full session descriptions and speaker listings available on the website.Employee Engagement 101Strategic Key Performance IndicatorsOne Year Later: How the #MeToo Movement Has Affected Your Workplace and How to Respond and Remain Out of the HeadlinesViews From the AuditorPros and Cons of Software Reengineering -- How to Actually Reengineer Your Club Management SoftwarePurpose-driven Governance -- How Boards Influence Club SuccessCapital Planning for ClubsClub Open ForumIn addition to the educational component, there will be networking breaks with table top exhibits from reputable club vendors and a networking reception on the first night.Early registration rates are available through February 11, 2019: HFTP Member: $450 USDNonmember: $600 USD

Great Educational and Networking Opportunity at the HFTP Mid-South Atlantic Regional Conference: February 14-16, 2019

20 December 2018
HFTP Mid-south Atlantic Regional Conference / February 14-16, 2019Bring a guest and join HFTP for the 13th Annual Mid-south Atlantic Regional Conference (MSARC) located at The Williamsburg Lodge in Colonial Williamsburg, Virginia USA. A joint effort by the HFTP Chapters in North and South Carolina and Virginia, the Mid-South Atlantic Regional Conference is held in an effort to bring together all the HFTP professionals in the region for continuing professional education with time for socializing and getting to know each other better. The MSARC is a hit with attendees because of the affordable cost and intimate nature of the conference. The MSARC committees have done an excellent job through the years of providing excellent value for the investment. The event has become large enough to provide excellent educational opportunities, but still remains small enough to avoid the larger convention hotels. Attend to find out for yourself how walking into a room where "everybody knows your name" is so much better than being just another face in the crowd.Get a first-hand account of the event by reading a dispatch from the 2017 MSARC written by HFTP Global Treasurer Marke Pate Sr., CHAE, CHTP, MBA.View the event schedule here.Hotel Information:The Williamsburg Lodge310 South England St.Williamsburg, VA 23185Registration:Early Bird Member Rate (Before January 1, 2019) = $200.00 USDEarly Bird Non-Member Rate (Before January 1, 2019) = $225.00 USDMember Rate (Prior to February 1, 2019): $225Non-Member Rate (Prior to February 1, 2019): $250Student Rate = $100.00 USDRegister Now>Friday Reception Dinner: Attendees are welcome to bring guests. Reception dinner price for guests is $125 USD per person. Guests are invited to attend the conference as well. Full Conference fee applies for guests.

Hospitality Upgrade Selects HFTP as New Partner for the 2019 Executive Vendor Summit

17 December 2018
Hospitality Financial and Technology Professionals (HFTP) has been selected by Hospitality Upgrade to partner for the 15th Annual Executive Vendor Summit founded by Hospitality Upgrade. The annual summit is an invitation-only, two-day conference that offers a rare combination of networking, educational programming and immersive social events for C-level executives from the world's finest hospitality technology suppliers. HFTP is a founding sponsor of the event, and this year is joining its long-time allied partner Hospitality Upgrade to plan and host the event. The 2019 event will be held at the Sonesta Bee Cave Austin on Feb. 26 -March 1, 2019."The Executive Vendor Summit is the world's only hospitality technology supplier invitational event and Hospitality Upgrade has done a phenomenal job by both supplying stellar education and by facilitating a number of hospitality technology companies' mergers, acquisitions and, most importantly, partnerships," said HFTP CEO Frank Wolfe, CAE. "It is such a unique experience for the attendees because they have a chance to learn about the latest happenings in the industry sitting in the same room with their competitors. By combining our organizations' reputations and skill sets, our goal is to provide our supporters a stellar experience."Past attendees include all the major property management companies, including Oracle, Agilysys, Infor, Maestro PMS, ResortSuite and Springer-Miller Systems, among others. Many partnerships have originated directly out of the event. Attendance at the Executive Vendor Summit helps attendees establish critical relationships with peers and focus on the industry's successes, challenges and opportunities. The event offers attendees interactive, high-quality educational sessions along with networking activities designed to encourage teamwork and discussion among participants. Attendees must hold the title of president or similar C-level executive position or hospitality division segment head at a technology company actively involved in the hospitality industry. Attendance is also limited in size to allow participants an optimal learning and networking experience.In addition to its traditional hotel/resort C-level panel discussion, this year's event will offer participants a chance to hear renowned business executives discuss best practices and will expand with a more global audience. It will feature extremely unique social activities germane with a Texas flair."HFTP and the annual HITEC events have an enormous reach to the many technology providers in the hotel world," said Richard Siegel, president and publisher of Hospitality Upgrade. "This year we are pooling our strengths and resources to grow and produce the best Executive Vendor Summit so far and increase our international presence."HFTP and Hospitality Upgrade are long-time allied partners working together to develop hospitality technology information and resources. Hospitality Upgrade is the exclusive technology magazine for HFTP and sponsor of HFTP events such as HITEC and the HFTP Annual Convention. HFTP is a sponsor of Hospitality Upgrade events such as its CIO Summit and the Executive Vendor Summit since its inception.Executives who would like to request an invitation to attend may contact anne@hospitalityupgrade.com. While this is not a "selling" conference, there are limited sponsorship opportunities available to companies who would like to network with this esteemed group of individuals.

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.

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