HFTP, AHLA, and GFC unveil groundbreaking 12th revised edition of USALI

16.07.2024 - 10:24 / traveldailynews.com / Tatiana Rokou

The 12th Revised Edition of the Uniform System of Accounts for the Lodging Industry, updated by HFTP and AHLA’s Global Finance Committee, introduces new sections on sustainability and all-inclusive hotels, enhancing transparency and global benchmarking.

AUSTIN, TEXAS – A newly-revised edition of the Uniform System of Accounts for the Lodging Industry (USALI) is now available, published by Hospitality Financial and Technology Professionals (HFTP).

The revision process for the 12th Revised Edition has been overseen by the Global Finance Committee (GFC), jointly sponsored bythe American Hotel & Lodging Association (AHLA) and HFTP. The GFC is made up of global financial leaders from AHLA’s Financial Management Committee and HFTP members representing the most prominent global hotel brands, operators, owners, and other industry authorities. The GFC has meticulously revised this essential publication with enhancements incorporating financial and operating changes, a new sustainability section, and a section specific to all-inclusive hotels. The adoption date for this edition is January 1, 2026.

“The USALI has long been the compass guiding financial and operational reporting in hospitality,” said GFC Co-chair Gina Tallarico, Global Head of Acquisition Integration, Hyatt. “This update signifies GFC’s commitment to globalization, sustainability, and informed decision-making. With this 12th Revised Edition, we’re excited to introduce a new All-Inclusive reporting section – an initial step toward standardization and benchmarking capability in this rapidly-growing segment.”

Periodically, the USALI undergoes revision to align with the evolving landscape of hotel operations and accounting standards. A guiding principle of the revisions was enhancing transparency in reporting and broadening data sets to better inform decision-making. Consequently, revenue and expense categories, including guest loyalty program costs and executive lounge expenses, have been refined. Additionally, new schedules for Payroll Full-Time Equivalents (FTE) and Annual Mandatory Brand and Operator Costs have been introduced.

“The 12th Edition’s updates are a testament to the diverse insights from top global brands, management companies, and owners that comprise the GFC,” stated GFC Co-chair Raymond D. Martz, Co-President and Chief Financial Officer of Pebblebrook Hotel Trust. “This comprehensive update enhances reporting and analysis in critical areas such as labor, market segmentation, and sustainability. These improvements will benefit properties of all sizes, both in the United States and around the world.”

In line with evolving sustainability reporting trends, the Utilities Schedule has been replaced by a new Energy, Water, and Waste