Hospitality Financial and Technology Professionals
| Founded | (October 26, 1952) As the National Association of Hotel Accountants (NAHA) |
|---|---|
| Website | www |
Hospitality Financial & Technology Professionals (HFTP) is an American global professional association for members that serve in the financial and technology areas of the hospitality industry.
The idea of the association first began in 1925, when an organization known as the Hotel Accountants Association of New York was established to create a manual that detailed a uniform system of keeping accounts for hotels. Founded on October 26, 1952 when a group of accountants from the Hotel Accountants of New York and the Texas Hotel Accountants Association came together at the Hotel Lexington in New York, the organization that would become HFTP was originally known as the National Association of Hotel Accountants (NAHA). As the scope of the organization and the nature of the industry changed, its name has also changed, next becoming the National Association of Hotel-Motel Accountants in 1965, then the International Association of Hospitality Accounts in 1973 and most recently, in 1997, when Frank I. Wolfe, who has been the CEO since 1994, changed it to HFTP. Based out of the Texas capital, Austin, HFTP opened, as of 2006, its European headquarters in Maastricht, the birthplace of the European Union and the central city of the Dutch province of Limburg.
As an organization, HFTP offers professional certifications, events and awards to members of the hospitality industry.
HFTP offers and administers two industry-specific certifications. The first, the Certified Hospitality Accountant Executive (CHAE) designation, was established in 1981. It denotes a specialization in the area of hospitality accounting. In mid 1990s, HFTP teamed up with the Educational Institute (EI) of the American Hotel & Lodging Association (AH&LA) to create a second certification program for the hospitality industry. The Certified Hospitality Technology Professional (CHTP), a designation for hospitality professionals who specialize in technology related to the industry, was created in 1994.
Entrepreneur 20X (E20X) is a pitching competition launched at the 2015 Hospitality Industry Technology Exposition and Conference (HITEC). Produced in partnership with Capital Factory, E20X gathers start-ups to pitch cutting-edge, transformative hospitality technology to an audience of venture capitalists, angel investors, serial entrepreneurs and HITEC attendees. The winning start-up receives a cash prize and a HITEC Tech Talk speaking opportunity. In addition, participants are showcased all week in the E20X kiosk pavilion of the HITEC exhibit hall. Starting in 2016, attendees vote for their favorite startup and participating the companies have access to industry mentors.
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