Introducing the GHACP

By Frank Wolfe, Chief Executive Officer (CEO) at HFTP | 12 Oct 14

Hospitality Finance and Technology Professionals (HFTP) is in the unique position that we represent two fields in the hospitality industry that intertwine naturally within our practices: the finance and technology segments. Taking its role as an industry resource provider seriously, HFTP has produced and is releasing this fall the Global Hospitality Accounting Common Practices (GHACP) database — a tool that uses cutting-edge technology to provide users a way to compare global accounting practices. Delivered as an interactive web site, the GHACP is 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.

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About Hospitality Financial and Technology Professionals (HFTP)

HFTP is the professional non profit association for financial and IT personnel working in hotels, resorts, clubs, casinos, restaurants, and other hospitality-related businesses. The association provides continuing education and networking opportunities thousands of members and stakeholders globally. HFTP also administers the examination and awards the certification for the Certified Hospitality Accountant Executive (CHAE) and the Certified Hospitality Technology Professional (CHTP) designations. HFTP was founded in 1952 as the National Association of Hospitality Accountants. HFTP owns and produces several global products including the Hospitality Industry Technology Exposition and Conference, HITEC,, HFTP Club Summit, HFTP Club Forum, and the Uniform System of Accounting for the Lodging Industry (USALI). HFTP has offices in Austin, Texas, USA, Hong Kong, SAR,, and Dubai, U.A.E.
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