USALI 12th Revised Edition Deep Dive: Rooms – Schedule 1

6 June, 2024 — 11:00 AM - 12:00 PM (Central)

USALI 12th Revised Edition Deep Dive: Rooms – Schedule 1

This presentation is part of a webinar series providing an overview of the major changes in the 12th Revised Edition. This is an overview of the major changes to the Rooms – Schedule 1 is presented. For the 12th Revised Edition, the definitions for each of the rate categories used to segment Rooms Revenue have been expanded. In addition, new guidance to enhance transparency associated with the cost of guest loyalty program services and amenities has been added. And finally, a look through the new subschedule Executive Lounge – Subschedule 1-1.

Overview

The recently released 12th Revised Edition provides all interested parties with greater exposure to the revenues and expenses that drive profitability. Updated by the Global Finance Committee (GFC), an independent group of global financial leaders, members are leading a series of webinars to discuss significant changes from the 11th to the 12th Revised edition. 


In this webinar, an overview of the major changes to the Rooms – Schedule 1 is presented. For the 12th Revised Edition, the definitions for each of the rate categories used to segment Rooms Revenue have been expanded. In addition, new guidance to enhance transparency associated with the cost of guest loyalty program services and amenities has been added. And finally, a look through the new subschedule Executive Lounge – Subschedule 1-1. Attend this webinar for a primer on the major changes in this important department.


Learning Objectives: 

  • Review the expanded definitions of the rate categories used to segment Rooms Revenue.
  • Understand how reporting of the costs of guest loyalty program services and amenities is more transparent.
  • Get briefed on the brand-new Executive Lounge – Subschedule 1-1.
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Schedule

Thursday, June 6
11:00 AM – 12:00 PM
Session


Speakers

Michael Duffy Director, Virtual Payment Solutions, Grasp
Claas Elze Managing Director, Apara Hotel Advisers Pte Ltd