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Hotels Financial Reporting

Foster Garvey PC

OTA & Travel Distribution Update - Oct. 27th, 2017

Foster Garvey PC on

This week’s OTA & Travel Distribution Update for the week ending October 27, 2017 is below. This week's Update includes a number of substantive stories on OTAs, particularly, European authorities’ renewed interest in OTAs’...more

Foster Garvey PC

Owner Beware: Changes Coming for Recognizing Revenue under Online Travel Agency (OTA) Contracts

Foster Garvey PC on

Revenue is an important indicator of a hotel property’s financial health. It is used to analyze and interpret financial results using key industry operating metrics ( i.e., average daily rate [ADR] and revenue per available...more

Dorsey & Whitney LLP

The Vegas Sands FCPA Action: Good Controls are Good Business

Dorsey & Whitney LLP on

FCPA cases typically center on the payment of bribes to obtain or retain business. The bribes paid are usually small in comparison to the profits achieved – the obvious motive for the wrongful conduct. The profits of course...more

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