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HFTP and HCAA Hong Kong Form Strategic Alliance to Increase Educational
Opportunities for Hospitality Professionals Worldwide


AUSTIN, TEXAS, USA (June 12, 2012) - In a bid to ensure the quality of hospitality finance and technology education within the global hospitality industry, Hospitality Financial and Technology Professionals (HFTP) has formed an affiliation with the Hotel Controllers and Accountants Association of Hong Kong (HCAA). The goal of this new partnership is to combine resources that will increase their respective members access to quality education, networking and certification programs.

The affiliation, a first of its kind for both associations, will allow the two groups to share resources and provide support when needed. The associations are working together to provide synergized member benefits through online education, shared access to journals, certification programs, industry education events, financial accounting standardization and more. HCAA recently published the Hong Kong Guide to the 10th Edition of the Uniform System of Accounts for the Lodging Industry (USALI) and is working with HFTP on the new Global Hospitality Accounting System Users Guide (GHASUG).

"I am delighted to be able to sign this strategic association and thankful for the effort made by Mr. Frank Wolfe to see the vast potential as a result of this affiliation. As a result, members of both associations will be able to share a wealth of knowledge which in turn will continue to improve their professional abilities and their self esteem," said Clarence Shun Wah, chairman of HCAA. "Hong Kong is a city in Asia where most of the international hotel management companies are present. It is also located in the gateway to China, where hotels are developing rapidly. We are in an unique position to contribute towards this massive hotel development in China by acting as a conduit or springboard, as well as by introducing and transferring expertise and knowledge which is available from other parts of the world."

“This is a terrific affiliation for us”, said Frank Wolfe, CAE, CEO of HFTP. “As HFTP expands into Asia, we are delighted to work with one of the most professional organizations on the continent, HCAA. During HCAA’s 20th anniversary year, under the chairmanship of Mr. Clarence Shun Wah, HFTP is pleased to become closer aligned with HCAA, and this affiliation is a great next step. We look forward to a lengthy relationship.”

For more information, contact the HFTP Membership Department at membership@hftp.org, (800) 646-4387 or +1 (512) 249-5333.

About HCAA
Established in 1991, the Hotel Controllers and Accountants Association of Hong Kong provides members with opportunities to share hospitality industry knowledge through seminars, education courses and social gatherings. The association also exists to provide an opportunity for the exchange of ideas, and technical knowledge amongst members and for the voicing of concerns and view in relation to industry developments, education and technological advancement.

About HFTP
HFTP, Austin, Texas, USA and Maastricht, The Netherlands, founded in 1952, is the global professional association for financial and technology personnel working in hotels, clubs and other hospitality-related businesses. HFTP provides first class educational opportunities, research, and publications to more than 4,800 members globally including, the premiere hospitality technology conference HITEC--founded in 1972. HFTP also awards the only hospitality specific certifications for accounting and technology ---the Certified Hospitality Accountant Executive (CHAE) and the Certified Hospitality Technology Professional (CHTP) designations. HFTP was founded in the USA as the National Association of Hotel Accountants. For more information, visit www.hftp.org.

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Contact:

Eliza R. Selig
Director of Communications
Hospitality Financial and Technology Professionals (HFTP)
11709 Boulder Lane, Ste. 110 | Austin, TX USA 78726-1832
Ph: +1 (512) 249-5333 | (800) 646-4387 (US) x27
Fx: +1 (512) 249-1533
www.hftp.org| www.hitec.org


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