The hospitality industry just got a important upgrade. The 12th edition of the Uniform System of Accounts for the Lodging Industry (USALI™), freshly revised and now available in a sleek soft cover book, is set to revolutionize how hotels manage their finances. First released digitally in July 2024, this latest edition offers a tangible option for professionals who prefer flipping pages over scrolling screens.
You can grab the soft cover edition directly from the USALI website, and here’s the kicker: buyers get a two-year digital subscription bundled with the purchase. This subscription unlocks the e-book, complete with interactive features like note-taking and comment capabilities. Plus, it grants access to the newly launched USALI revenue and Expense Dictionary, a searchable database that breaks down revenue and expense line items with their corresponding schedules. It’s like having a financial encyclopedia at your fingertips.
Behind this meticulous revision is the global Finance Committee (GFC), a powerhouse collaboration between the American Hotel & Lodging Association (AHLA) and Hospitality Financial and Technology Professionals (HFTP®).The GFC is a who’s who of global financial leaders, including heavyweights from AHLA’s financial Management Committee and HFTP members representing top-tier hotel brands, operators, and industry experts.This edition, slated for adoption on January 1, 2026, introduces key updates: a dedicated sustainability section, insights tailored for all-inclusive hotels, and broader financial and operational enhancements.
To help users navigate these updates, HFTP and GFC have rolled out a webinar series titled “USALI 12th Revised Edition Deep Dive”.Each session dives into a specific topic or section, offering a granular look at the revisions. If you can’t catch the live sessions, recordings and companion blog posts are available on the USALI website—perfect for a deep dive at your own pace.
The soft cover book is priced at $129 for HFTP members and $149 for non-members.Planning to stock up? Bulk purchases of over 50 books get a discounted rate. For inquiries, reach out to HFTP at [email protected] or +1 (512) 220-4020. Stay in the loop with the latest updates on the USALI website.
What is the importance of the 12th edition of USALI for the hospitality industry?
Table of Contents
- 1. What is the importance of the 12th edition of USALI for the hospitality industry?
- 2. Revolutionizing Hotel Finances: An Interview wiht Sarah Thompson on the 12th Edition of USALI
- 3. What’s New in the 12th Edition?
- 4. Bridging the Gap Between Digital and Print
- 5. Supporting adoption Through Education
- 6. A Thought-Provoking Question for Our Readers
Revolutionizing Hotel Finances: An Interview wiht Sarah Thompson on the 12th Edition of USALI
Archyde News: Today, we’re joined by Sarah Thompson, a seasoned hospitality finance expert and member of the Global Finance Committee (GFC), to discuss the groundbreaking 12th edition of the Uniform System of Accounts for the Lodging Industry (USALI). Sarah, thank you for being here. Can you start by telling us what makes this edition so important for the hospitality industry?
Sarah Thompson: absolutely, and thank you for having me. The 12th edition of USALI is a game-changer as it addresses the evolving needs of the hospitality industry in a tangible way. For the frist time, we’ve introduced a soft cover version alongside the digital edition, catering to professionals who prefer a hands-on approach.But beyond the format, this edition includes critical updates like a dedicated sustainability section, insights for all-inclusive hotels, and enhanced financial frameworks. It’s designed to help hotels navigate today’s complex financial landscape with greater clarity and efficiency.
What’s New in the 12th Edition?
Archyde news: That’s engaging. Could you elaborate on some of the key updates, particularly the sustainability section? Why is this such a crucial addition?
Sarah Thompson: Sustainability is no longer a buzzword—it’s a business imperative. The new sustainability section provides a structured framework for hotels to track and report their environmental impact. This includes metrics for energy consumption, waste management, and carbon emissions. By integrating these into the financial reporting system, hotels can align their sustainability goals with their bottom line, making it easier to demonstrate progress to stakeholders and guests alike.
Additionally, we’ve tailored insights for all-inclusive hotels, which have unique revenue and expense structures. These updates ensure that every segment of the industry,from boutique hotels to large resorts,can benefit from USALI’s standardized approach.
Bridging the Gap Between Digital and Print
Archyde News: The soft cover edition is a big win for professionals who prefer physical books. How does the bundled digital subscription enhance the user experience?
Sarah Thompson: The bundled subscription is a fantastic value. When you purchase the soft cover book,you get a two-year digital subscription that includes the e-book with interactive features like note-taking and commenting.This is perfect for teams collaborating on financial strategies. Plus, the subscription unlocks access to the USALI Revenue and Expense Dictionary, a searchable database that simplifies complex financial terms and schedules. It’s like having a financial encyclopedia at your fingertips, whether you’re in the office or on the go.
Supporting adoption Through Education
Archyde News: With such complete updates, how is the GFC helping hotels transition to the new edition?
Sarah Thompson: Education is key to adoption. That’s why we’ve launched the USALI 12th Revised Edition Deep Dive webinar series. Each session focuses on a specific topic, breaking down the revisions in detail. For those who can’t attend live, we’ve made recordings and companion blog posts available on the USALI website.This ensures that everyone, irrespective of their schedule, can access the resources they need to implement the new standards effectively.
A Thought-Provoking Question for Our Readers
Archyde News: As we wrap up, here’s a question for our readers: How do you think the integration of sustainability metrics into financial reporting will shape the future of the hospitality industry? We’d love to hear your thoughts in the comments below.
Sarah Thompson: That’s a great question. I believe it will drive a cultural shift, encouraging hotels to prioritize sustainability not just as a marketing tool but as a core business strategy. It’s an exciting time for the industry, and I’m thrilled to see how these changes will unfold.
Archyde News: Thank you, sarah, for sharing your insights. For those interested in purchasing the 12th edition of USALI, visit the USALI website for more details.
