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Completion Stage Underway for the 12th Revised Edition of the Uniform System of Accounts for the Lodging Industry (USALI)

The Global Finance Committee (GFC), jointly sponsored by Hospitality Financial and Technology Professionals (HFTP®) and the American Hotel & Lodging Association (AHLA), have restarted its work on the 12th Revised Edition of the Uniform System of Accounts for the Lodging Industry (USALI). The independent group of global financial leaders from the most prominent U.S. and international hotel brands, operators, owners and other industry authorities met January 31 – February 2 in Washington, D.C. The upcoming revisions and enhancements will incorporate financial and operating changes and a new sustainability section. ....

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New Hotel Accounting Metrics Designed To Benchmark Sustainability Efforts

In a move to help hoteliers with sustainability efforts, a global committee is working on a way to help them better track their carbon footprint and enact metrics for use industrywide. ....

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