MRP hotels - Hoteldevelopment

Small words, great effects

24/07/2014 Vienna

After 8 years it's time again: The American Hotel & Lodging Association has presented a revised edition of the "Uniform Systems of Accounts for the Lodging Industry" (USALI). It is the 11th update since it first appeared in 1926. Whilst at first glance, there are no major changes to the P&L rules and to standard reporting, the many minor amendments are considerable and take good account of the changes experienced by the hotel industry over the past decade. "Globalization" is the buzz word here. Michael Regner, partner to the consultancy MRP hotels in Vienna, explains the current system in todays guest contribution.

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