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USALI 11th Edition Guide

HFTP Guide to the USALI 11th Edition

In Spring 2014, the newest edition of the Uniform System of Accounts for the Lodging Industry (USALI) was released, with an implementation deadline of January 1, 2015. 

The primary purpose of this publication is to offer operating statements formatted to provide hotel owners, managers and other interested parties with operational information pertinent to the lodging industry. Historically, the USALI focused on presenting information in accordance to the Generally Accepted Accounting Principles (GAAP) in the United States. In the 11th edition, the FMC continued to present information based on U.S. GAAP, but in order to address the globalization of the lodging industry, certain items were adjusted to address issues in a more global manner.

Below, HFTP presents a series of articles that detail the changes to the USALI in its latest format. Please use this information as guidance as you integrate the changes that come with the latest edition.

Secure a copy of the 11th edition at the American Hotel & Lodging Educational Institute.

Guide Topics

USALI Survey Report | Overview | Operating Statements | Operating Metrics Gross vs Net

Study Report: Uniform System of Accounts for the Lodging Industry, 11th Edition

Study Report: Uniform System of Accounts for the Lodging Industry, 11th Edition

A look at how lodging organizations have taken to the changes from the 10th to 11th Revised Edition

By Tanya Venegas, MBA, MHM

Guide to USALI 11th Edition11th Edition Overview

Guide to USALI 11th Edition

11th Edition Overview

From the HFTP Research Center, this article gives a brief summary of all the changes made for the 11th edition. 

By Tanya Venegas, MHM, MBA

Part I: The New Guidelines and Operating Statements for 2015

Guide to the USALI 11th Edition

Part I: The New Guidelines and Operating Statements for 2015

Detailed overview of the changes, with a focus on the operating statements. New in the 11th revised edition is the metrics at the top of the statement which includes rooms available, rooms sold, occupancy, ADR, Rooms RevPAR and Total RevPAR. How each of these are determined is discussed in the financial ratios and operating metrics section of the book.

By Raymond S. Schmidgall, Ph.D., CPA and Agnes DeFranco, Ed.D., CHE, CHAE

Part II: Using Operating Metrics to Manage


Part II: Using Operating Metrics to Manage

In the 11th revised edition of the USALI, with an implementation date of January 1, 2015, the Ratios section, from previous editions, has been expanded significantly into the Financial Ratios and Operating Metrics section. This change is to recognize the importance
of compiling and monitoring operating metrics for lodging industry businesses, and not just performing year-end or period-end overall financial ratios.

By Raymond Schmidgall, Ph.D., CPA; Agnes DeFranco, Ed.D., CHE, CHAE; and Ralph Miller, CPA, CA, CBV, CHA, CHAE

Part III: Gross vs. Net Reporting

Guide to the USALI 11th Edition

Part III: Gross vs. Net Reporting

The newest section of the USALI 11th Revised Edition has generated a number of spirited and insightful discussions. It is not just because it is new, but it has to do with how revenues should be reported as gross or net. Included in this section are also guidelines as to how surcharges, service charges and gratuities need to be recorded. This section is an effort to further align the USALI with GAAP, and also eventually the IFRS.

By Raymond Schmidgall, Ph.D., CPA; Agnes DeFranco, Ed.D., CHE, CHAE; and Robert Mandelbaum