HFTP and AHLA Announce 10-year USALI Agreement – Hospitality Net

Washington/Austin, Texas (Dec. 22, 2022) — The American Hotel & Lodging Association (AHLA) and the Hospitality Financial and Technology Professionals Association (HFTP) announced today a 10-year agreement to jointly produce the Uniform System of Accounts for the Lodging Industry (USALI). The USALI is used all over the world as the “standard” for hospitality accounting, and today’s announcement reverses HFTP’s decision earlier this year to publish the next USALI edition without AHLA’s formal involvement. AHLA and HFTP have reengaged the joint Global Finance Committee that is responsible for creating content for USALI’s 12th edition – to be released in 2023 – as well as all subsequent editions.

AHLA, through its Financial Management Committee (FMC), has been responsible for creating content for the USALI for many years. In 2018, HFTP, also longtime contributor and sponsor of the USALI, purchased USALI’s intellectual property, publishing, and distribution rights from the Hotel…

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