The International Finance Committee (GFC), a committee of numerous trade professionals sponsored by the Hospitality Monetary and Know-how Professionals and the American Lodge and Lodging Affiliation is accountable for the manufacturing of the Uniform System of Accounts for the Lodging Trade (USALI). The revised 12th version USALI is scheduled to be efficient in 2026. USALI is the worldwide normal for monetary reporting within the lodging trade and can function essential adjustments to monetary reporting practices.
There are six essential adjustments that lodge finance executives must be conscious upfront of the January 1, 2026 efficient date for the brand new steerage.
Tip: Whereas most resorts is not going to formally report working efficiency based mostly on the 12th version USALI till 2026, some properties are starting to trace the brand new income and expense classes in 2025. It will enable for equitable year-over-year adjustments of their 2026 working statements.
Adjustments Enacted to Enhance Transparency
Visitor Loyalty Program Prices
Over the previous few years, visitor loyalty packages have contributed an rising variety of company for resorts. Nevertheless, this improve in contribution has include an increase within the prices paid by homeowners to assist these packages. To allow homeowners, operators, and the manufacturers to successfully measure the worth of their loyalty packages, the 12th version of USALI presents a number of new discrete loyalty program associated expense classes.
Tip: Extra expense accounts could also be required to separate prices related to serving loyalty program company versus all different company.
Government Lounge Prices
A lodge’s govt lounge is usually a important income, in addition to a substantial price. To allow homeowners, operators, and the manufacturers to successfully measure the worth of their govt lounges, the 12th version of USALI presents the brand new Schedule 1-1 within the Rooms Division to seize Government Lounge associated prices. These prices are then allotted to 2 expense classes throughout the Rooms Division. Extra steerage can be supplied for the dealing with of Government Lounge income.
Tip: Be ready to separate labor and different prices throughout the F&B division which can be associated to the Government Lounge.
Full Time Equal Schedule
Labor is the most important expense for resorts. Traditionally, USALI has reported the salaries, wages, and worker advantages paid to staff, nevertheless, resorts haven’t been required to report any information associated to the variety of staff or hours labored. The 12th version of USALI requires a brand new Schedule 15 to current the variety of Full Time Equal (FTE) staff working in every division. This allows homeowners and operators to calculate labor effectivity ratios resembling FTEs per occupied room, or FTEs per cowl.
Tip: Be sure your payroll system or service supplier information and presents the hours labored by staff, and the departments the workers are related to.
Model and Operator Price Schedule
The extent of companies supplied by lodge manufacturers and administration corporations has expanded through the years. The prices charged to homeowners by the manufacturers and administration corporations are reported in a number of expense classes positioned all through the abstract working assertion. To supply a single place the place all model and operator associated prices will be seen, the 12th version of USALI requires a brand new Schedule 16 to seize all these bills.
Tip: Work along with your model and operator to achieve a radical understanding of all bills being billed to the lodge.
Adjustments Enacted to Account for Modern Observe
All Inclusive Inns
Client acceptance of all-inclusive (AI) resorts has flourished prior to now ten years. Given the expansion of this section, AI homeowners, operators, and types have sought steerage from USALI that may allow these distinctive operations to higher account for his or her revenues and bills and allow benchmarking throughout this section. The 12th version of USALI presents a brand new Part (Half II) devoted to income and expense reporting for AI resorts, and particular consideration was paid to the distinctive sources of income earned by AI properties: package deal income, non-package income, and miscellaneous earnings.
Tip: Make certain your accounting programs can distinguish between income included within the package deal, and extra income sources resembling meals and beverage upsells, weddings, golf, and spa companies.
Vitality, Water, and Waste
The emergence of environmental and sustainability requirements set by governments around the globe has necessitated enhanced reporting of what have been beforehand titled Utility Bills inside resorts. As well as, customers are actually demanding an understanding of the environmental influence of resorts earlier than they make their buy choices. Matching present nomenclature, the 12th version of USALI has renamed the previous Schedule 9 – Utility Division to Vitality, Water, and Waste. Inside this division, expenditures are reported for historic utilities resembling electrical energy, water, and fuel, together with new objects like composted waste and renewable vitality.
Tip: Work along with your utility suppliers and waste administration firm to make sure they’re offering the required consumption information wanted to allow the required environmental and sustainability reporting.
To buy a duplicate of the 12th version of USALI, please go to usali.hftp.org.