Frank Wolfe is CEO of Hospitality Financial & Technology Professional’s (HFTP) – a global association serving hospitality professionals that provides members with superior networking opportunities, industry-leading events, comprehensive certification programs, unique educational opportunities, and other essential resources for professional growth.
Throughout his career, Frank has been recognized as an industry leader. In 2000, Lodging Magazine included him in their “75 Profiles in Leadership” edition, a who’s who of individuals who major contributions to the industry. In 2002, Wolfe received the HFTP Paragon Award for significant contributions to HFTP and the hospitality industry. In June 2010 he was recognized as a “Technology Trailblazer” by Hotel Business Magazine, and in October 2010, was featured by BOARDROOM Magazine in an exclusive cover story interview. In addition, he has appeared on several television network interviews and programs including CNN, CBS, ABC, NBC, TVAsia, and Bloomberg.
Frank is a graduate of East TN State University where he received a degree in Health Admin and attended graduate school there in the Counseling and Guidance Program. He moved to Austin Texas in 1987, and was hired by the Texas Restaurant Association as the Education Director where he worked for 4 years. In 1991, Frank was recruited by HFTP to serve as Director of Education, and 1994, he was promoted twice – first as Acting Director, then CEO, and he’s led the global organization ever since.
Hotel appraisers and brokers expect distressed assets to come to market as the pandemic recession continues into 2021. Analysts say billions of dollars in private equity are waiting in the wings to acquire hotels underperforming as a result of the coronavirus crisis. But pricing will be different than in previous economic downturns. While a transaction may be distressed, it will not necessarily reflect distress pricing,” said Daniel Lesser of LW Hospitality Advisors. Long Live Lodging explores the state of hotel values as well as what may lie ahead with regard to transactions in 2021 as the spread of COVID-19 continues to stifle lodging performance. This report is part of our ongoing coverage of the coronavirus crisis and its impact on the hospitality industry.
Global business travel is a $1.4 trillion industry. The Global Business Travel Association calculates the coronavirus pandemic in 2020 resulted in a loss of $113 billion in business travel spend in hotels, airlines and other sectors of the travel industry. But all is not lost. GBTA, industry analysts and travel management companies see some green shoots of hope for 2021 as the COVID-19 vaccine rolls out and corporations put some of their people on the road again. This report is part of Long Live Lodging’s ongoing coverage of the coronavirus crisis and its impact on the hospitality industry.