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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.

  • 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.

  • Primary Club Metrics

    Survey results identify which metrics are most often used to determine performance. By Agnes DeFranco, Ed.D., CHAE; Tanya Venegas, MBA, MHM, CHIA; and Amanda Belarmino

  • Introducing 'Your HFTP': An Updated Online Interface for HFTP Members

    HFTP is excited to announce the newly updated “Your HFTP” online account portal. “Your HFTP” allows you to successfully manage your HFTP membership online. This refreshed online interface looks and feels just like the HFTP website and (better yet) is mobile-responsive.

Choice Reports Largest Domestic Pipeline in Company History

hotelbusiness.com·Requires Registration ·15 February 2019
Choice Hotels International Inc. has its largest domestic pipeline in company, according to its reported results for the three months and year ended Dec. 31, 2018.

The Trump Organization Scraps Scion, American Idea Hotels

hotelbusiness.com·Requires Registration ·15 February 2019
The Trump Organization is scrapping plans for its Scion and American Idea Hotels brands.

Optimistic for Centennial, Hilton Sees Revenue Spike in Q4

hotelbusiness.com·Requires Registration ·15 February 2019
Hilton Worldwide Holdings Inc. has reported its fourth quarter and full year 2018 results. Earnings increased for the brand while the pipeline slowed a bit in Q4.

Net Revenues, Operating Income Up for MGM in Q4

hotelbusiness.com·Requires Registration ·15 February 2019
MGM Resorts International has reported results for the quarter and year ended Dec. 31, 2018. On Jan. 1, 2018, the company adopted the new revenue recognition accounting standard (ASC 606). As such, certain previously reported 2017 numbers have been retrospectively adjusted under the new standard to assist with comparability to the prior period.

Why Teens Don't Want to Work in Hospitality

hotelbusiness.com·Requires Registration ·15 February 2019
Why don’t teens want to work in hospitality? The hospitality industry as a whole is having a difficult time attracting this demographic because it is competing for talent within a pool of workers that are looking for a company that offers a lot of flexibility in their time.

How Prefab Bathrooms Can Save Time and Money

hotelbusiness.com·Requires Registration ·15 February 2019
A growing number of hotels are using prefabricated bathrooms to speed up construction and offset a skilled labor shortage.

This Student-Led Startup Aims to Disrupt the Hotel Industry

hotelbusiness.com·Requires Registration ·15 February 2019
Harsh Patel is the founder of InnTech, a platform designed to automate the check-in process for hotels. Much like others in the hospitality industry, he wears many hats—college student, startup inventor and budding businessman.

MGM Springfield Taps Locale's Literary History

hotelbusiness.com·Requires Registration ·15 February 2019
Located in a city rich with history and storytellers, MGM Springfield is for literary lovers. The brand tapped into the locale and its literary legacy to offer programming and design that is equally distinctive and thought provoking.

In Q4, Wyndham Sees Significant Revenue Uptick

hotelbusiness.com·Requires Registration ·14 February 2019
Wyndham Hotels & Resorts’ fourth quarter earnings revealed revenues increased 69% compared with fourth quarter 2017, to $527 million. Net income was $43 million for the quarter and adjusted net income was $57 million—a 50% increase over the prior-year quarter.

Hyatt Reports Strong 2018 Results

hotelbusiness.com·Requires Registration ·14 February 2019
Hyatt Hotels Corporation reported that its net income increased 97.5% to $769 million for 2018. Its net income was $44 million, or $0.40 per diluted share, in the fourth quarter of 2018, compared to $213 million, or $1.75 per diluted share, in the fourth quarter of 2017.

Two Beach Renovations, More East Coast Updates

hotelbusiness.com·Requires Registration ·14 February 2019
The East Coast is updating with hotel renovations. With properties upgrading spaces, guestrooms, amenities and F&B outlets, here’s a closer look at the recent projects.

Lodging Econometrics--The U.S. Hotel Construction Pipeline

hotelbusiness.com·Requires Registration ·14 February 2019
According to the year-end U.S.Construction Pipeline Trend Report from Lodging Econometrics (LE), the pipeline continued its upward growth trend in 2019 and stands at 5,530 projects/669,456 rooms, up a strong 7% by projects and rooms year-over-year (YOY). However, pipeline totals continue to trail the all-time high of 5,883 projects/785,547 rooms reached in the second quarter of 2008.

IHG Acquires Six Senses Hotels Resorts Spas

hotelbusiness.com·Requires Registration ·13 February 2019
InterContinental Hotels Group (IHG) has acquired Six Senses Hotels Resorts Spas. The $300 million cash acquisition from Pegasus Capital Advisors includes all of Six Senses’ brands and operating companies and does not include any real estate assets.

Concord Hospitality Celebrates Continued Growth in 2018

hotelbusiness.com·Requires Registration ·12 February 2019
Concord Hospitality Enterprises Company added 10 hotels to its portfolio and entered into five new markets in 2018.

LE: Supply Growth in Top 25 U.S. Markets to Accelerate

hotelbusiness.com·Requires Registration ·12 February 2019
Analysts at Lodging Econometrics (LE) report that in 2018, new supply growth was 2%, the first time it has reached that amount in eight years. The top 25 markets had new supply growth of 2.7% while the remainder of the country showed growth at 1.7%.

HB ON THE SCENE: Leaders Weigh in on The Environment & The Bottom Line

hotelbusiness.com·Requires Registration ·11 February 2019
Sustainability is a complex concept. While there are many environmental benefits, it can also be considered costly and a logistical challenge. Can a focus on sustainability and maximizing profitability coexist?

Hotel Brands Expand With Developments Abroad

hotelbusiness.com·Requires Registration ·11 February 2019
Hotels are setting roots across the U.K., Europe and the Mediterranean. Big brands and boutique estates are all part of the recent developments overseas.

Global Vacation Ownership Market Projected to Grow

hotelbusiness.com·Requires Registration · 8 February 2019
According to an Azoth Analytics’ research report, the global vacation ownership (timeshare) market is projected to display a robust growth represented by a CAGR of 7.05% during 2018-2023.

Ecolab Acquires Online Training Provider Lobster Ink

hotelbusiness.com·Requires Registration · 8 February 2019
Ecolab Inc., water, hygiene and energy technologies and services company, has acquired Lobster Ink, a provider of end-to-end online customer training solutions.

JLL Projects 2019 Global Hotel Investment Volume Will total $67B

hotelbusiness.com·Requires Registration · 7 February 2019
According to JLL Hotels & Hospitality’s annual “Hotel Investment Outlook,” global hotel investment volume will reach $67.2 billion, nearly equal to 2018’s total of $67.7 billion. While there is anticipated moderating economic growth and geopolitical uncertainty, hotel property performance remains strong, travel and tourism is anticipated to reach another record year and investors seeking more yield are increasingly turning their sights toward hotels, according to the report.

Deloitte: Hoteliers Should Plan Ahead

hotelbusiness.com·Requires Registration · 5 February 2019
A strong economy, rising global consumer purchasing power and digital innovation have all fueled record growth in the travel and hospitality industry. But there are still several challenges that could throw the industry off course in 2019, according to “Deloitte’s 2019 Travel and Hospitality Industry Outlook.”

ALIS Reveals Awards Winners & Finalists at Annual Investment Conference

hotelbusiness.com·Requires Registration · 4 February 2019
The Americas Lodging Investment Summit (ALIS) has honored the executives and companies responsible for the most influential hotel industry deals in 2018 with the prestigious ALIS awards. Nominees for the awards are evaluated based on outstanding business performance in various industry sectors.

RobertDouglas Exec: Lenders Are Approaching Hotel Market With 'Confident Caution

hotelbusiness.com·Requires Registration · 4 February 2019
While the industry is embracing another year of growth, many hotel executives are expecting there to be somewhat of a slowdown in the next couple of years or so. Despite this outlook, there’s still plenty of capital available for properties in strong markets—at least for now.

Peachtree Hotel Group Concludes Record Year

hotelbusiness.com·Requires Registration · 4 February 2019
Atlanta-based Peachtree Hotel Group concluded a record 2018 with 14 hotel acquisitions and 10 ground-up development projects, totaling $495 million.

Unemployment Rate Edges Up; Partial Gov't. Shutdown a Factor

hotelbusiness.com·Requires Registration · 4 February 2019
The U.S. economy added 304,000 in January, and the unemployment rate edged up to 4%, according to a report from the U.S. Bureau of Labor Statistics. Job gains occurred in several industries, including leisure and hospitality, construction, healthcare, and transportation and warehousing.

Report: Women in Hospitality Industry Still Not Equal to Male Counterparts

hotelbusiness.com·Requires Registration · 4 February 2019
Even though more women are moving into executive spots in the hospitality industry, progress is still uneven, according to a new report.

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