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Internal Controls and the Important Roles They Play in Eradicating Fraud

HFTP Connect·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)

HFTP ·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

HFTP Connect·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

HFTP Connect·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

HFTP Connect·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.

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

HFTP Connect·16 October 2018
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.

Trump Administration Immigration Enforcement Measures Shine Spotlight on Hospitality Industry

HFTP Connect· 3 October 2018
Since taking office, President Trump’s administration has ramped up enforcement measures on various industries – especially when it comes to immigration. The hospitality industry took center stage this month when the U.S. Department of Labor (DOL) and U.S. Citizenship & Immigration Services (USCIS) announced separate, new H-2B enforcement initiatives that are focusing specifically on the hospitality industry. As a reminder, H-2B visas are seasonal visas that are used by several industries, including the hospitality industry, to adequately staff for their peak seasons.

Letter from the HFTP Global President: At the End of the Year, We Reflect on the Best of the Year

HFTP Connect·28 September 2018
As we prepare to transition to the new HFTP Global board at the 2018 Annual Convention in October, I would like to take the time to reflect on my year serving as HFTP Global president.

HFTP Announces 2018 Paragon Award Recipient - Anna McFarland, CPA, CFE, CHAE, CHTP

HFTP ·25 September 2018
Anna McFarland, CPA, CFE, CHAE, CHTP was selected as the 2018 Hospitality Financial and Technology Professionals (HFTP) Paragon Award recipient for her unwavering support of the association and substantial contributions to increase knowledge sharing and promote growth in the hospitality industry at large. McFarland will be honored next month during HFTP's 2018 Annual Convention held at the Omni Louisville Hotel in Louisville, Kentucky USA."I am honored to accept this award and to join the past recipients who I have long admired and respected," said McFarland.Based in the area of Dallas/Fort Worth, Texas USA, McFarland is an entrepreneur and global hospitality consultant that provides relationship-based, boutique-style consulting, internal audits, hotel opening / dispositions and training solutions to hospitality organizations worldwide. She is a global financial services veteran with 30 years of finance and performance management, fraud and compliance experience, derived from her tenure in public accounting, executive positions with high profile hospitality management companies / owners and consulting clients in the United States and internationally.McFarland served numerous leadership positions with HFTP on the global and local level. She served on the HFTP Global Executive Committee, leading as president from 2007-2008. McFarland also served on the board of the HFTP North Texas Chapter and was the chair of the HFTP CHAE Advisory and the Certification Advisory Councils.In addition to her leadership roles, McFarland contributed her expertise in hospitality finance to help develop the HFTP Global Hospitality Accounting Common Practices (GHACP), a searchable, online database of detailed operating financial reporting practices used at lodging properties around the world. She is a frequent university and conference speaker on fraud, ethics, management performance, strategy, innovation and collaboration for industry performance.Established in 1999, the prestigious HFTP Paragon Award recognizes individuals each year who have made a significant and lasting contribution to both HFTP and the hospitality industry. Paragon Award nominees can be HFTP members; representatives of industry-related associations, societies or trade publications; leaders from hospitality businesses, educational institutions and other related disciplines. A panel of industry experts selects the award recipients who will be recognized at HFTP's Annual Convention each October.Previous Paragon Award winners include: Alice Banks, CHAE (1999); Henry "Buddy" Weeks, CHAE (1999); Frank Santos, CHAE, CHA (2000); Katherine Cavanagh, CHAE (2001); Raymond Schmidgall, PH.D., CPA, CHAE (2002); Frank Wolfe, CAE (2002); Len Bartello, CPA, CHAE, CHTP (2003); John J. Cahill, CHA, CHTP (2004); Wendy Zurstadt, CPA, CHAE, CHTP (2005); Richard Braa, CHAE (2006); Robert Patasnick, CPA (2007); George Glazer (2008); Agnes DeFranco, Ed.D., CHAE (2009); Stephen LeBruto, CPA, CHAE, Ed.D. (2009); and Steve Doherty, CHAE, CHTP (2010); Frank Agnello Jr., CMA, CHAE (2011); Howard Field, FBHA, FCA (2012); Joseph McInerney, CHA (2013); Evelyn Adams (2014); Ralph R. Miller, CPA, CA, CBV, CHA, CHAE (2015); Raman (R. P.) Rama B. Com, CHA Emeritus, CHTP, CHAE (2016); Kris S. Shoemaker, CMA, CGFO, CHAE, CHTP, CPFIM (2016); Mary Gerdts (2017).Annual Convention 2018 will take place from October 24-26, 2018 at Omni Hotel Louisville in Louisville, Kentucky USA. Register to attend. For the latest news, follow HFTP/HITEC on HITEC Bytes, PineappleSearch, Facebook, LinkedIn, Twitter (@HFTP), Instagram (HFTP_HITEC), Flickr and YouTube. For more information about HFTP events, contact the HFTP Meetings & Special Events Department at education@hftp.org, +1 (512) 249-5333. For more information on the Paragon Award, contact the HFTP Communications Department at publications@hftp.org or +1 (512) 249-5333.About HFTP Hospitality Financial and Technology Professionals (HFTP) established in 1952, is an international, nonprofit association, headquartered in Austin, Texas, USA, with offices in Hong Kong, United Kingdom, the Netherlands and Dubai. HFTP is recognized as the spokes group for the finance and technology segments of the hospitality industry with members and stakeholders spanning across the globe. HFTP uniquely understands the industry's pressing issues and assists its stakeholders in finding solutions to their challenges more efficiently than any organization. It does this via its expert networks, research, certification programs, information resources and conferences/events such as HITEC. HFTP also owns the world's only hospitality-specific search engine, PineappleSearch.com. For more information about HFTP, email membership@hftp.org or download the HFTP/HITEC media kit via the HFTP website. Read industry updates on the suite of HFTP hospitality news sites: HITEC Bytes, Club Bytes, Finance Bytes and HFTP News.

Multiple Ways to Reach an Ethical Conclusion: Considering Real-life Professional Dilemmas

HFTP Connect·24 September 2018
It has been many years now since Ethics education was added as a requirement for CHAE/CHTP maintenance. It was an addition that the HFTP Global board approved of during my tenure as a way to not only account for a designee’s knowledge of the industry, but also as a benchmark for the high standards established relative to behavior and decision-making.

Cybersecurity Professionals, Education and Certifications

HFTP Connect·24 September 2018
Whether it is an in-house employee or an outsourced vendor, cybersecurity professionals are a must

HFTP and Naseba Announce HITEC Dubai 2018 Advisory Council

HFTP ·20 September 2018
Hospitality Financial and Technology Professionals (HFTP) and Naseba are bringing back HITEC Dubai this year from December 5-6 at the Madinat Jumeirah in Dubai, UAE. A regional extension to the world's largest hospitality technology conference brand, HITEC Dubai 2018 will feature 30+ speakers, 600+ hospitality stakeholders and 60+ solution and service providers. The show will give Middle East buyers - currently worth over USD 75 billion - access to global top solution providers in hospitality market through a top-notch education program planned by the expert HITEC Dubai 2018 Advisory Council, as well as an exhibition showcasing the latest in hospitality technology, and a summit with one-to-one business meetings.To plan HITEC DUBAI's educational program, an advisory council of experts with years of experience has been formed. The council's role is to discuss and design an agenda that is most relevant to the Middle East's challenges, needs and upcoming hospitality technology trends.The 2018 HITEC Dubai Advisory Council includes:Laurent Voivenel, SVP of Operations and Development for Middle East, Africa & India, Swiss Belhotel InternationalNeil Menezes, VP of IT, Dubai HoldingSanjay Nadkarni, Director Research and Innovations, Emirates Academy of Hospitality ManagementFerghal Purcell, COO, Hospitality Management Holding (HMH)Ajay Rathi, Group Senior IT Director, Meraas HoldingReda bin Abdoun, IT Director, Dur HospitalityNaveen Bharadwaj, Production Director, NasebaAtul Gupta, Regional Director of IT, Wyndham Hotels and ResortsSamir Hamadeh, General Manager, Alpha Destination ManagementMohamed Amirul Islam, President, HFTP Dubai ChapterMahmoud Kamal, Group CIO, Al Habtoor HospitalityNicholas Watson, Chief Digital Officer, NasebaFrank Wolfe, CAE, CEO, Hospitality Financial and Technology Professionals (HFTP)HITEC Dubai's 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, co-produced by HFTP and Naseba, is the world's largest hospitality technology show for hotels and we are delighted to participate in it. We operate in smart cities such as Dubai - hence our hotels need to be smart too. HITEC Dubai offers the perfect platform to know about the latest developments in hospitality technology based on the rapid innovations in the field and the specific needs of the Middle East region, especially Dubai, in order to keep up with the expectations of international travelers."In addition, HFTP has several other HITEC events coming up in 2019. HITEC Europe is April 9-11, 2019 at 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.About HITEC Dubai Hospitality Industry Technology Exposition and Conference (HITEC) is the world's largest and oldest hospitality technology exposition and conference brand. HITEC offers a unique combination of top-notch education and brings together the brightest minds and hottest technologies from across the globe to one place.Hospitality Financial and Technology Professionals (HFTP), producers of HITEC, will partner with Naseba, a business facilitation company, to bring the brand to Dubai. Making the event accessible to buyers from the lucrative Middle Eastern market, currently worth over USD 75 bn.The show will offer an education program and exhibits. In addition, HITEC Dubai will feature a summit with one-to-one business meetings that have become the hallmark of Naseba's platforms. Hoteliers attending the summit portion of HITEC Dubai will be pre-qualified to confirm their purchasing authority, budgets, timelines and solutions of interest.hitec.naseba.comAbout HFTP Hospitality Financial and Technology Professionals (HFTP), established in 1952, is a hospitality nonprofit association headquartered in Austin, Texas USA with offices in Hong Kong, United Kingdom, The Netherlands and Dubai. HFTP is recognized as the spokes group for the finance and technology segments of the hospitality industry with an international network of members and stakeholders. HFTP uniquely understands the industry's pressing issues, and assists its stakeholders in finding solutions to their challenges more efficiently than any organization. HFTP offers expert networks, educational resources, career development programs, research, leadership opportunities and conferences and events. HFTP produces international events throughout the year, including the world's largest hospitality technology tradeshow and conference brand: HITEC. The association also owns the world's only hospitality-specific search engine: PineappleSearch.com. For more information about HFTP, visit www.hftp.org.For the latest news, visit the HFTP News page at news.hftp.org and the HFTP Connect blog at blog.hftp.org.Follow HFTP on social media Facebook (@HFTPGlobal); LinkedIn; Twitter (@HFTP); Instagram (@HFTP_HITEC). Stay tuned to HFTP's industry-specific, informational news sites: HFTP News, HITEC Bytes, HFTP Club Bytes, HFTP Finance Bytes, HFTP GDPR Bytes and HFTP FB Bytes. HFTP event photos are available on Flickr, and HFTP event videos are available on YouTube.About Naseba Naseba 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.

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

HFTP Connect·19 September 2018
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. Conversations are consistently interrupted by cell phone pings or instant email alerts. Are we collectively too over-distracted? And how do you, as a leader, compete for the attention of the average distracted employee?

HFTP Heads to Orlando in 2019 and Minneapolis in 2020 for its Upcoming Annual Conventions

HFTP ·18 September 2018
Hospitality Financial and Technology Professionals (HFTP) announces future dates for its Annual Convention, an event the association has produced since 1952. Next year's HFTP Annual Convention will take place October 23-25, 2019 at the Rosen Centre Hotel in Orlando, Florida USA. In 2020, HFTP will produce its Annual Convention from October 14-16 at the Hyatt Regency Minneapolis in Minneapolis, Minnesota USA. This year's HFTP Annual Convention will take place October 24-26, 2018 at the Omni Louisville Hotel in Louisville, Kentucky USA.The HFTP Annual Convention is one of many events the hospitality association produces each year, and has a program that provides topics of professional interest as well as celebrates the accomplishments of the association. Hundreds of hospitality finance and technology professionals will enjoy education, networking, exhibits, recognition, a black-tie optional dinner and much more. Registered attendees can earn CPE credits for attending educational sessions - the 2018 program offers up to 22 CPE credits. Also, it is tradition that HFTP's new Global Board is installed during the black-tie optional dinner known as HFTP Annual Tribute to Success."HFTP's Annual Convention represents a time for the organization to recognize outstanding achievement from individuals and HFTP chapters that embody the success of the association," said HFTP CEO Frank Wolfe, CAE. "The multi-day conference also offers keynote sessions, excellent hospitality education, social networking opportunities, black-tie events and a variety of other options for industry professionals who want to improve their job performance and organization."This year during HFTP Annual Convention, HFTP chose to support a local charity in the event's host city. The HFTP Helps 2018 online silent auction will direct its fundraising toward the HFTP Scholarship fund, and the money raised will support area hospitality, finance and technology centered education programs overseen by NAF. Item donations for the silent auction are now being accepted, and the online silent auction is now open and available to all who wish to bid on items such as hotel stays, dinners and more.Online registration is open for this year's Annual Convention 2018 in Louisville, Kentucky USA. Register by September 26, 2018 to receive the early registration rates. Visit the Annual Convention page on the HFTP website for complete information about all conference events, including the program schedule, hotel and travel details and more. For more information about HFTP's Annual Convention and other global activities, contact the HFTP Meetings & Special Events Department at education@hftp.org or visit www.hftp.org.About HFTP Hospitality Financial and Technology Professionals (HFTP), established in 1952, is a hospitality nonprofit association headquartered in Austin, Texas USA with offices in Hong Kong, United Kingdom, The Netherlands and Dubai. HFTP is recognized as the spokes group for the finance and technology segments of the hospitality industry with an international network of members and stakeholders. HFTP uniquely understands the industry's pressing issues, and assists its stakeholders in finding solutions to their challenges more efficiently than any organization. HFTP offers expert networks, educational resources, career development programs, research, leadership opportunities and conferences and events. HFTP produces international events throughout the year, including the world's largest hospitality technology tradeshow and conference brand: HITEC. The association also owns the world's only hospitality-specific search engine: PineappleSearch.com. For more information about HFTP, visit www.hftp.org.For the latest news, visit the HFTP News page at news.hftp.org and the HFTP Connect blog at blog.hftp.org.Follow HFTP on social media Facebook (@HFTPGlobal); LinkedIn; Twitter (@HFTP); Instagram (@HFTP_HITEC). Stay tuned to HFTP's industry-specific, informational news sites: HFTP News, HITEC Bytes, HFTP Club Bytes, HFTP Finance Bytes, HFTP GDPR Bytes and HFTP FB Bytes. HFTP event photos are available on Flickr, and HFTP event videos are available on YouTube.

Win $1,000 USD! "Why Join HFTP" Video Contest

HFTP ·17 September 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, and their video will be shown at the 2018 HFTP Annual Convention this October. Video entries will be accepted starting on September 6, 2018 and ending December 1, 2018. All online entries must be received by October 15, 2018 at 3:00 p.m. CST to be eligible to win the Grand Prize.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 October 15, 2018. All online entries must be received by October 15, 20183:00 p.m. CST 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. Video will be shown at the HFTP 2018 Annual Convention.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.Share the contest with a colleague with this flyer.

In the Event of a Cyberattack: Public Relations and Responding to the Media

HFTP Connect·17 September 2018
Your organization has experienced a data breach. How do you handle telling your customers? One of the key pieces to a data breach response is the announcement to the public and affected individuals. How a company deals with public relations after a breach determines how successful they will be at recovering from the breach. Cyberattacks and data breaches are the top threats to a business’s reputation, and they are as impactful as a major environmental incident such as an oil spill (Cyber Data-Risk…, 2014).

Securing the Internet of Things (IoT)

HFTP Connect·10 September 2018
With the technological advancements emerging in recent years, it seems like everything is interconnected. Individuals can change the temperature in their house, open curtains, turn on a light, unlock a door or even track the contents of their refrigerator. All of these items are collectively referred to as the Internet of Things. According to Dictionary.com, the Internet of Things (often noted as IoT) is “a network of everyday devices, appliances and other objects equipped with computer chips and sensors that can collect and transmit data through the Internet” (Random House, 2017).

HFTP and HTNG Sign Partnership Agreement to Strengthen Resources for the Hospitality Industry

HFTP · 6 September 2018
Hospitality Financial and Technology Professionals (HFTP) and Hospitality Technology Next Generation (HTNG) announced during Hospitality Upgrade's Annual CIO Summit that they established a partnership geared toward strengthening the progression of the technology in the hospitality industry. The agreement is based on both organizations' desire to use each group's complementary strengths and resources to advance technology in the hospitality and travel industries."For years, HFTP and HTNG have worked in parallel in support of the hospitality technology industry," said HFTP CEO Frank Wolfe. "Each organization has made great progress toward bringing the community together to establish education, standards, best practices and resources. Recognizing that working closer together would better serve the industry, the leadership of HTNG and HFTP has formed this partnership."The two organizations are member-based nonprofits which draw from their volunteers' extensive knowledge bases to develop and present educational opportunities, industry standards, best practices and other resources. Through this agreement, HFTP and HTNG will cross-promote the programs of each organization to maximize the benefits and impacts of these efforts."HTNG and HFTP have played important roles in advancing technology in the hospitality and travel industry. With similar, but complementary missions, this partnership will bring the organizations closer together and codify the informal cooperation that has existed since HTNG's founding 16 years ago," said Mike Blake, CEO of HTNG.The partnership establishes a corresponding presence within each organization's events and activities. The groups will promote each other's events on online calendar listings and news sites; as well as support each group's programs, including HFTP certifications and the HTNG Workgroups. Also, both HFTP and HTNG will invite leadership representatives from the other organization to participate in events, programs and advisory councils.One of the first things the two organizations have agreed to do is to resurrect the Hospitality Technology Strategic Initiatives Council, co-founded by HFTP and HTNG in 2009. The council was composed of senior-level, industry leaders and related hospitality/travel associations to discuss pressing industry needs as they relate to hospitality technology. The council will work to identify industry initiatives and will determine the best possible home for these initiatives to reduce duplication efforts.

Outsourcing Cybersecurity and Contracts

HFTP Connect· 4 September 2018
For many companies in the hospitality space running smaller operations, having a full-time IT person on staff may not be an option. Other companies may have an IT manager on staff, but outsource the cybersecurity responsibilities to a company that specifically focuses on the increasing dangers pertaining to cyber threats. There can be multiple reasons why a company would decide to outsource cybersecurity; therefore, companies must know how to traverse finding the company that is the right fit for their organization.

HFTP Announces 2018 CHAE of the Year Recipient: Elijah Spiritoso, CHAE

HFTP ·30 August 2018
Hospitality Financial and Technology Professionals (HFTP) will honor Elijah Spiritoso, CHAE as the 2018 Certified Hospitality Accountant Executive (CHAE) of the Year at its upcoming Annual Convention this October. The CHAE of the Year award honors the individual that scored the highest on the CHAE certification exam within a given year. HFTP's Annual Convention will be held from October 24-26, 2018 at the Omni Louisville Hotel in Louisville, Kentucky USA - online registration is open now.Spiritoso started in hospitality as a busboy for a local Philadelphia restaurant, and then became a server at the downtown Hilton Garden Inn in Philadelphia while in high school. Spiritoso graduated from Temple University in Philadelphia with a Bachelor's in Business Administration, where he was a finance major. He continued to work as a food server in both a-la-carte and banquets, working for many well-known restaurants, caterers and hotels in the area. One Five-Diamond rated hotel, The Rittenhouse, became Spiritoso's main employer, until one day he was offered a position to become the hotel's new income auditor. He was quickly promoted - based on his ability to automate and streamline processes - to condominium accountant then to staff accountant, working directly under the CFO. After many years, he became a controller for GF Management, then a restaurant group. Spiritoso now works as the controller for Frog Commissary, the exclusive in-house food provider for The Franklin Institute."The CHAE certification was very helpful in obtaining my new position, as it showed my willingness to continue to stay educated on the fundamental industry knowledge," said Spiritoso. "Employers need to trust accountants at the executive level, so being a CHAE gives added confidence that I am managing the business properly and staying continually educated on the latest industry trends. Every hospitality accounting professional would greatly benefit from studying and retaining the knowledge covered while obtaining a CHAE - it shows that you are a true professional that is serious about your career and future."I would like to personally thank everyone at HFTP that worked hard to make the CHAE certification possible, and a special thanks to HFTP Certification Manager Robin Bogdon for guiding me through the process," Spiritoso continued. "I also want to thank all of the other CHAEs out there every day working hard to represent the ideals of the certification. I am truly humbled and honored to be the CHAE of the year and will wear the honor with pride throughout my entire career."The CHAE professional designation is an industry designation showing competency in the area of accounting, and is acknowledged throughout the hospitality industry as it elevates the professionalism of both the recipient and the industry. More than 1,500 hospitality accountants, from several countries, have earned the CHAE designation through HFTP since the certification program began in 1981. A new CHAE exam is now available, and features a more global finance focus. HFTP also administers the examination and awards the Certified Hospitality Technology Professional (CHTP).For more information on HFTP's certification programs (CHTP and CHAE), please contact HFTP Certification Manager Robin Bogdon at Robin.Bogdon@hftp.org. For immediate information, visit the FAQ pages for both CHTP and CHAE certifications.HFTP has upcoming events around the world. HITEC Dubai will take place December 5-6, 2018 at the Madinat Jumeirah in Dubai, UAE. HITEC Europe will take place April 9-11, 2019 at Palau de Congressos in Palma (Mallorca) Spain. HITEC Minneapolis will take place 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.About HFTP Hospitality Financial and Technology Professionals (HFTP), established in 1952, is a hospitality nonprofit association headquartered in Austin, Texas USA with offices in Hong Kong, United Kingdom, The Netherlands and Dubai. HFTP is recognized as the spokes group for the finance and technology segments of the hospitality industry with an international network of members and stakeholders. HFTP uniquely understands the industry's pressing issues, and assists its stakeholders in finding solutions to their challenges more efficiently than any organization. HFTP offers expert networks, educational resources, career development programs, research, leadership opportunities and conferences and events. HFTP produces international events throughout the year, including the world's largest hospitality technology tradeshow and conference brand: HITEC. The association also owns the world's only hospitality-specific search engine: PineappleSearch.com. For more information about HFTP, visit www.hftp.org.For the latest news, visit the HFTP News page at news.hftp.org and the HFTP Connect blog at blog.hftp.org.Follow HFTP on social media Facebook (@HFTPGlobal); LinkedIn; Twitter (@HFTP); Instagram (@HFTP_HITEC). Stay tuned to HFTP's industry-specific, informational news sites: HFTP News, HITEC Bytes, HFTP Club Bytes, HFTP Finance Bytes, HFTP GDPR Bytes and HFTP FB Bytes. HFTP event photos are available on Flickr, and HFTP event videos are available on YouTube.

The Challenge for Hotels When It Comes to Securing Their Systems

HFTP Connect·20 August 2018
In hotels, guests are a unique challenge to securing hotel systems. One of the first things a hotel guest does once they reach their hotel room is to check their Internet connection. According to studies conducted by Dr. Agnes DeFranco, CHE, CHAE, CHIA and Dr. Cristian Morosan, CHTP, CHE who are both researchers at the University of Houston Conrad N. Hilton College of Hotel and Restaurant Management, over 80 percent of travelers from the United States travel with at least one mobile device — whether it be a laptop, tablet, smartphone or a combination of the three.

Business Continuity Plans: Enhance Cybersecurity in the Hospitality Industry

HFTP Connect·13 August 2018
With countless cyberattacks occurring in recent years, cybersecurity has become an unseparated concern during daily operation. To protect the business from incident influence, a continuity plan that integrates cybersecurity must be designed and well-implemented for hotels, restaurants and clubs.

How to Benefit from Networking Events

HFTP Connect· 8 August 2018
You may not feel inclined to attend a networking event. After all, why waste an entire evening doing what you already conveniently do on social media? As it turns out, there is an element of in-person networking that could never be fulfilled through online mediums. Face-to-face interactions allows for a level of rapport that leads to stronger bonds and connections. If you are still skeptical, then we’ll outline some benefits of networking events and how you can get the most out of it.

What Hotels Need to Know About the California Consumer Privacy Act

HFTP Connect· 6 August 2018
Hotel management companies are asking: “How does this new privacy act in California compare to the new EU Privacy Law?” A side-by-side comparison reveals a few things that hotels should know.

Success in the Sunshine State: Highlights from HFTP's 2018 Florida Regional Conference

HFTP Connect· 3 August 2018
The beautiful Sarasota Westin Hotel — with its bright white facade, multitudinous windows and stunning rooftop pool area — made a very picturesque setting for the 2018 HFTP Florida Regional Conference, which took place July 25–27, 2018. Approximately 145 attendees made their way to Sarasota, Florida last week to enjoy education, exhibits and networking with their fellow hospitality professionals.

HFTP CEO Frank Wolfe Honored as Most Influential Hospitality Association CEO 2018

HFTP ·25 July 2018
Frank I. Wolfe, CEO for Hospitality Financial and Technology Professionals (HFTP), was recognized as Most Influential Association CEO 2018 in Hospitality by the European-based corporate finance publication Acquisition International (AI). Published by AI Global Media, AI is a monthly magazine that seeks to inform and shape the global corporate conversation through a combination of high quality editorial rigorous research and an experienced and dedicated worldwide network of advisors experts and contributors."This is truly an honor, but is really a testament to our talented staff as well as the HFTP Global Board of Directors and our Executive Committee. The past few years have been marked by significant progress for HFTP, as we have established long-planned events that place us as an internationally influential organization. This honor is a notable recognition for all the efforts we have put in," says Mr. Wolfe. "We have also made available our signature services such as quality education and resources to the global hospitality finance and technology community. I am proud that our efforts have been recognized by such an esteemed publication, but I also know that we have much more to accomplish."Recipients of the brand new honor are internally researched, shortlisted, judged and selected. The publication's in-house research team looks into the global industry thoroughly in order to determine those most deserving of the accolade. Some factors the team takes into consideration include the nominee's significant achievements over the past calendar year, company and career profile, commitment towards innovation and company performance under the individual's leadership.Wolfe has been with HFTP since March 1991, and assumed the CEO position in 1994. He has overseen the positive evolution and growth of the association. Under Wolfe, HFTP has made a number of bold moves towards global expansion, new club conferences, and many organized clusters of members around the world. In 2017, HFTP also expanded its Hospitality Industry Technology Exposition and Conference (HITEC), the largest hospitality technology conference brand in the world with two additional events in Europe and Dubai, in addition to its annual North American event. He also spearheaded the hospitality-specific search site Pineapplesearch.com and HFTP news sites, topic specific sites for hospitality finance, technology, club, food and beverage, GDPR and the HFTP association.To read more about Frank Wolfe, including articles he has written, visit his bio page on the HFTP web site. For more information about HFTP, visit www.hftp.org.About HFTP Hospitality Financial and Technology Professionals (HFTP), established in 1952, is a hospitality nonprofit association headquartered in Austin, Texas USA with offices in Hong Kong, United Kingdom, The Netherlands and Dubai. HFTP is recognized as the spokes group for the finance and technology segments of the hospitality industry with an international network of members and stakeholders. HFTP uniquely understands the industry's pressing issues, and assists its stakeholders in finding solutions to their challenges more efficiently than any organization. HFTP offers expert networks, educational resources, career development programs, research, leadership opportunities and conferences and events. HFTP produces international events throughout the year, including the world's largest hospitality technology tradeshow and conference brand: HITEC. The association also owns the world's only hospitality-specific search engine: PineappleSearch.com. For more information about HFTP, visit www.hftp.org.For the latest news, visit the HFTP News page at news.hftp.org and the HFTP Connect blog at blog.hftp.org.Follow HFTP on social media Facebook (@HFTPGlobal); LinkedIn; Twitter (@HFTP); Instagram (@HFTP_HITEC). Stay tuned to HFTP's industry-specific, informational news sites: HFTP News, HITEC Bytes, HFTP Club Bytes, HFTP Finance Bytes, HFTP GDPR Bytes and HFTP FB Bytes. HFTP event photos are available on Flickr, and HFTP event videos are available on YouTube.###

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