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Business & Finance

HFTP Announces Re-branded Annual Convention Formal Event, HFTP's Annual Tribute to Success

AUSTIN, TX. August 30, 2017 - Hospitality Financial and Technology Professionals (HFTP®) is making some key updates to its Friday evening event at its upcoming Annual Convention, an event the association has produced since 1952. The event, which offers essential educational and networking opportunities for hospitality finance and technology professionals, will feature a reformatted formal dinner program. Now called "HFTP's Annual Tribute to Success," the celebration will focus on recognizing the association and its outstanding members beginning at 6:30 p.m. on Friday, October 27, 2017.

Each year, HFTP awards industry-leading professionals in several categories – these recipients are selected by a council of colleagues and peers. HFTP's Annual Convention represents a time for the organization to recognize outstanding achievement from individuals and HFTP chapters that embody the success of the association.

"The members, volunteers and community who make up this association are remarkable," said HFTP CEO Frank Wolfe. "The formal HFTP Annual Tribute to Success evening will serve as an opportunity to honor HFTP's 65-year accomplishments and show gratitude, recognition, respect and admiration those who dedicate their time and vision to enable future success for the organization."

HFTP's Annual Tribute to Success, formerly known as "President's Evening," will still feature the installation of HFTP's 2017-2018 Global Board, and a fundraiser to support the local Orlando, Florida USA community. This year's HFTP Helps silent auction fundraiser, beginning at 5:30 p.m. on Friday evening, will directly benefit Camp Boggy Creek – a safe, medically-sound children's camp environment that HFTP's Mid-Florida Chapter has supported for the last 15 years. Donations for the auction are being accepted now via the HFTP website, and 100 percent of the proceeds will be donated to the charity.

This year's HFTP Annual Convention is scheduled for October 25–27, 2017 at Omni Orlando Resort at ChampionsGate in ChampionsGate, Florida USA. Online registration is open for Annual Convention 2017. Visit the Annual Convention page on the HFTP website for complete information about all conference events, including the program schedule, hotel and travel details and more. For more information about HFTP's Annual Convention and other global activities, contact the HFTP Meetings & Special Events Department at education@hftp.org or visit www.hftp.org. Annual Convention 2018 is slated for October 24-27 at the new Omni Louisville Hotel in Louisville, Kentucky USA.

For the latest news, follow HFTP/HITEC on HITEC Bytes, PineappleSearch, Facebook, LinkedIn, Twitter (@HFTP), Instagram (HFTP_HITEC), Flickr and YouTube. For more information about HITEC Amsterdam, contact the HFTP Meetings & Special Events Department at education@hftp.org, +1 (512) 249-5333.

About HFTP

Hospitality Financial and Technology Professionals (HFTP®) established in 1952, is an international, nonprofit association, headquartered in Austin, Texas, USA, with offices in Hong Kong, United Kingdom and the Netherlands. HFTP is recognized as the spokes group for the finance and technology segments of the hospitality industry with members and stakeholders spanning across the globe. HFTP uniquely understands the industry's pressing issues and assists its stakeholders in finding solutions to their challenges more efficiently than any organization. It does this via its expert networks, research, certification programs, information resources and conferences/events such as HITEC. HFTP also owns the world's only hospitality-specific search engine, PineappleSearch.com. For more information about HFTP, email membership@hftp.org or download the HFTP/HITEC media kit via the HFTP website. Read industry updates on the suite of HFTP hospitality news sites: HITEC Bytes, Club Bytes, Finance Bytes and HFTP News.

Contact:
Jessica Blankenship
jessica.blankenship@hftp.org

Coming Up In The December Online Hotel Business Review




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Feature Focus
Hotel Law: Issues & Events
There is not a single area of a hotel’s operation that isn’t touched by some aspect of the law. Hotels and management companies employ an army of lawyers to advise and, if necessary, litigate issues which arise in the course of conducting their business. These lawyers typically specialize in specific areas of the law – real estate, construction, development, leasing, liability, franchising, food & beverage, human resources, environmental, insurance, taxes and more. In addition, issues and events can occur within the industry that have a major impact on the whole, and can spur further legal activity. One event which is certain to cause repercussions is Marriott International’s acquisition of Starwood Hotels and Resorts Worldwide. This newly combined company is now the largest hotel company in the world, encompassing 30 hotel brands, 5,500 hotels under management, and 1.1 million hotel rooms worldwide. In the hospitality industry, scale is particularly important – the most profitable companies are those with the most rooms in the most locations. As a result, this mega- transaction is likely to provoke an increase in Mergers & Acquisitions industry-wide. Many experts believe other larger hotel companies will now join forces with smaller operators to avoid being outpaced in the market. Companies that had not previously considered consolidation are now more likely to do so. Another legal issue facing the industry is the regulation of alternative lodging companies such as Airbnb and other firms that offer private, short-term rentals. Cities like San Francisco, Los Angeles and Santa Monica are at the forefront of efforts to legalize and control short-term rentals. However, those cities are finding it’s much easier to adopt regulations on short-term rentals than it is to actually enforce them. The December issue of Hotel Business Review will examine these and other critical issues pertaining to hotel law and how some companies are adapting to them.