Recognizing that operating hotels is a global industry, Hospitality Financial and Technology Professionals (HFTP) is developing a unique resource that financial professionals, owners, investors and benchmarking information services can use to identify common practices for hotel management reporting and how they vary from region to region.
The goal for the Global Hospitality Accounting Common Practices (GHACP) is to provide a searchable database of detailed operating financial reporting practices used at lodging properties around the world, along with guidance on industry standards, and commentary and analysis from industry experts. It is intended that this resource will be continuously developed, and that in addition to practitioners, access will be available to students and educational establishments.
Currently in progress, the development of this project is being accomplished with the assistance of hospitality management students at globally recognized universities and hospitality schools, with input from hotel corporations, performance benchmarking companies and hospitality associations.
Regions of Study
North America, Europe, Asia, South America, India and the Caribbean.