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HFTP News


Artificial Intelligence

How Artificial Intelligence Changes Consulting - By Frederike Czerlinski

Despite the field's standard reliance on interpersonal skills, rapid advancements in AI, and the increasing presence of AI applications that are frequently discussed today, anticipate transformations. The question is no longer about if AI will reshape consulting, but rather about how profoundly and imminently this will occur.



Consumer Psychology

Consumer Psychology - Gamification in the Hospitality Industry - By Vlad-Iosif Benga

In a world where the hospitality industry is more competitive than ever, businesses always look for new ways to stand out and create unforgettable customer experiences. With the rise in popularity of the gaming industry, more hospitality businesses have found that incorporating gamification in their operations appeals to a younger generation of customers.






Month End Reporting

Streamlining Hospitality Finance: A New Approach to Month-end Reconciliation

The month-end reconciliation process serves as a crucial process globally in hospitality finance, where all financial data comes together to summarize financials and performance. A recent survey of HFTP members, taken ahead of the HFTP 2023 Annual Convention this past October, exposed a stark reality: less than 20 percent of respondents can finalize this process within five days, with a significant 12 percent taking over 11 days.