Two dated developments deserve an explicit place in your diligence file:
- Accounting presentation: HFTP identifies January 1, 2026 as the effective date of the 12th Revised Edition of the Uniform System of Accounts for the Lodging Industry, or USALI. For this quiz, document the accounting basis used and explain classification changes before treating differences between periods as operating improvements. HFTP’s USALI transition guidance. (academy.hftp.org)
- Guest-price disclosure: the FTC’s Rule on Unfair or Deceptive Fees took effect on May 12, 2025 and covers short-term lodging. It requires covered businesses to display prices inclusive of mandatory fees, subject to specified exclusions; it does not prohibit every fee. Include booking-path compliance in the operating review. FTC business guidance. (ftc.gov)
These are specific checks, not a complete statement of applicable requirements.