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.
Lodging Econometrics has tracked the hotel industry since 1998. Its global database includes new-hotel pipelines as well as renovations and brand conversions. Hotel franchisers once eager to launch new brands are focused on converting existing hotels because it’s a faster way to recover revenue lost to the COVID-19 pandemic than through new construction. In Episode 346, Lodging Leaders explores the increasing number of conversions in the U.S. hotel industry and what owners and operators need to consider before repositioning an asset.
In the first few months of the COVID-19 pandemic in the U.S., financiers anticipated a swell of distressed hotel businesses. Some raised rescue funds to respond to what they thought was a pending crisis. Though there are financial rescues taking place, the level of such activity is far below what industry advisers and fund managers expected. Commercial real estate investors positioned to act in the early days of the pandemic held off and are now just beginning to unleash their cash hoards totaling billions of dollars. Episode 345 of Lodging Leaders podcast explores the state of capital investment in the hotel industry.