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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.

  • HFTP Compensation and Benefits Report: 2018 Data on Hospitality Staffing and Compensation

    The 2018 HFTP Compensation and Benefits Survey was released this summer and made available to HFTP members. This is a biannual report that was developed to provide information on salaries and benefits, and to give an ongoing profile of accounting, finance and technology professionals in the hospitality industry.

  • 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

Carl Icahn Discloses Stake, Urges Sale of Caesars·Requires Registration ·20 February 2019
Billionaire investor Carl Icahn has disclosed a 9.8% stake in Caesars and is urging for a sale of the gaming giant.

Wyndham Rewards to Expand With New Features·Requires Registration ·19 February 2019
Wyndham Rewards plans to introduce new features this April, from free nights at thousands of hotels starting at just 7,500 points (half their original redemption cost), to the addition of more than 900 La Quinta hotels, to the ability to earn and redeem points with a host of new and expanded partners.

Hilton Earns Top Workplace on Fortune 100 List·Requires Registration ·18 February 2019
Hilton has been recognized for its workplace culture, earning the top spot on the 2019 Fortune Best Companies to Work For in the U.S. list. In its fourth consecutive year on the list, Hilton has become the first hospitality company in history to achieve the #1 ranking, capping a significant rise from #33 in 2018.

In South America, Hotel Activity Heats Up·Requires Registration ·18 February 2019
Hilton and Atlantica Hotels will introduce the first DoubleTree by Hilton in Brazil, Sonesta grows its reach in Ecuador, and there’s more happening in South America.

Liaison Capitol Hill Sold for $111M; More U.S. Transactions·Requires Registration ·18 February 2019
Two hotel sales are complete in the Washington, DC area, plus a transaction in Texas.

6 Ways to Drive Loyalty with Locals, According to East, Miami Hotel·Requires Registration ·18 February 2019
We live in an experiential economy where consumers seek new and exciting experiences in their day-to-day lives. Hotels are uniquely positioned to capitalize on this lucrative trend by providing these experiences closer to home to local residents, where they can be enjoyed many times over and create loyal guests for life across the portfolio.

Optimizing F&B for standout success in secondary markets·Requires Registration ·15 February 2019
With the advent of the lifestyle hotel product in the last lodging cycle and with it going mainstream in the top 25 MSA markets in the current lodging cycle, the obvious next step for the expansion of this product type is to bring it into non-top 25 MSA markets. Lifestyle hotel product has been around in the major markets for a while but are typically positioned in the upper-upscale to luxury price range.

Crowne Plaza program tests employees' emotional IQ·Requires Registration ·15 February 2019
Business travel—fast, efficient, functional. But what many may not realize about traveling for work is that it can be quite emotionally taxing. Aside from the natural anxiety that accompanies presentations, meetings and dealmaking, business travel is often accompanied by little rest and even a bit of loneliness.

Hyatt Place is putting hotel breakfast on the map·Requires Registration ·15 February 2019
The most important meal of the day is getting a healthy dose of local flavor. Hyatt Place is rolling out regionally inspired breakfast experiences in the U.S., giving guests options aligned with the country’s geography.

Choice Reports Largest Domestic Pipeline in Company History·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·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·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·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·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·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·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·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·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·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·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·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·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·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·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·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·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.


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