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THE 12TH EDITION of Uniform System of Accounts for the Lodging Industry is now launched. Hospitality Financial and Technology Professionals published the revised edition, overseen by the Global Finance Committee and jointly sponsored by the American Hotel & Lodging Association and HFTP. The publication added financial and operating changes, a sustainability section, and a section specific to all-inclusive hotels, with an adoption date of Jan. 1, 2026. The GFC comprises 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, AHLA said in a statement. "The USALI has long been the compass guiding financial and operational reporting in hospitality," said Gina Tallarico, GFC co-chair and Hyatt's global head of acquisition integration. "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."

MOST AMERICANS PLAN to keep spending at least the same on travel, according to a recent Jenius Bank report. The report indicates that consumers view "richness" as balancing expense management with enjoying life and growing their wealth. Approximately 29.3 percent of Americans refuse to cut back on travel, despite its non-essential status, according to the Jenius Bank report. Also, 20.1 percent of consumers' largest one-time payment in 2023 was for a vacation. The study, "The Mind-Money Connection: How Managing Your Finances Can Make You Happier," reveals how consumers' financial situations are linked to their mental health and wellbeing.

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