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We, at Fairmas, are excited to share with you the changes in the 12th Edition of USALI* by HFTP. This blog will share the latest updates that you should look out for in 2024.
At Fairmas, we continue the commitment to keeping you ahead of the curve and empowering your financial planning and analysis.
We understand the importance of staying well-informed about industry standards and trends. That’s why we ensure to keep you updated on everything well in advance, making you ready for the future of hospitality finance. Our proactive approach guarantees that you are equipped with the knowledge and tools needed to seamlessly integrate new standards, making adaptation a breeze.
The new edition of USALI*, USALI*-12 will include the following major changes:
Major Changes:
• Operating Statements
• Rooms – Schedule 1
• Executive/Club Lounge Cost Schedule – 1-1
• Energy, Water, & Waste – Schedule 9
Further clarifications, updates and minor changes are made within Operating Statements as well.
The above-mentioned list is explained in more detail in the document provided below.
Note: We do not offer the full USALI* 12 publication under our download link, but only a summary comparing the most relevant changes from USALI* 11 to USALI* 12.
Download the USALI* 12 document of the latest updates of USALI*-12 for an in-depth understanding of these changes. Stay tuned for any more updates as we continue to guide you confidently through the evolving hospitality landscape. We’re dedicated to providing you with the insights and support necessary for success.
Moreover, our commitment extends beyond just updates. Fairmas ensures that you are not only prepared for the future but also confidently navigating the changes as they unfold. Our detailed overview of the latest changes can be found below, offering a comprehensive look at what lies ahead.
Your financial future in the hospitality industry starts here with Fairmas, where we make sure you are not just keeping up but staying ahead of the curve.
*Disclaimer: Hospitality Financial and Technology Professionals (HFTP®) is the publisher and copyright owner of USALI*. Fairmas only uses the term “USALI*” to refer to the existing industry standard as one of several, possible, company-specific P&L account frameworks.
