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AUSTIN, TEXAS, USA (July 25, 2017) - The nonprofit groups, Hospitality Financial and Technology Professionals (HFTP®) and Open Travel Alliance (OpenTravel) have announced a partnership to accelerate the support of travel industry distribution standards, as well as the creation and adoption of hospitality technology standards across the entire spectrum of the global consumer travel experience. Of top priority to both organizations are mobile standards for use within the industry, which are first on the work list.

To facilitate the intended projects, OpenTravel will co-locate its corporate office with HFTP Global headquarters in Austin, Texas, USA, starting in August 2017. The move will enable the organizations to combine resources to help develop standards that ease communications between disparate technology systems, enabling stakeholders to conduct business more efficiently.

More than 25 years ago, HFTP was given a mandate by its members to lead in establishing information processing practices and standards explains Frank Wolfe, CEO for HFTP. He said, "HFTP represents stakeholders from the cruise line to the casino, fairway to foodservice, the motel to the midway, and the resort to recreation, across the globe. OpenTravel also represents every one of these verticals, and by partnering on this objective, both of our organizations will better serve our stakeholders."

Individually, the two organizations represent stakeholders that do not fully overlap; but combined, there are no other groups that encompass this broad horizontal reach. OpenTravel represents the enterprise and HFTP represents individual professionals, together they represent the full consumer experience.

"OpenTravel's 1.0 XML Messaging Standards are paramount among the travel standards and our new 2.0 Object Model will positively impact the consumer experience for years to come," said Mike Tinkey, CEO for OpenTravel. "OpenTravel continues to enable the future for the connected consumer end to end with their business and leisure travel across all aspects of travel including, but not limited to, airlines, lodging of all types, cruise lines, car rental firms, railways, ground transportation, leisure suppliers, solutions providers, service providers, travel agencies, tour operators, technology companies and distributors, and events of all types. HFTP's resources will allow us to accelerate standards awareness, adoption and utilization."

Both HFTP and OpenTravel are in the process of planning upcoming events in Orlando, Florida USA. Visit the organizations' respective websites for the latest updates at www.opentravel.org and www.hftp.org.

About OpenTravel

OpenTravel is a global not-for-profit trade association founded in 1999 by travel companies across all travel verticals, with a primary focus on the creation of electronic message structures to facilitate communication between disparate systems in the travel industry. OpenTravel is the source of the most adopted cross industry technology standards that enable business and leisure solutions driven by the travel industry. For more information on OpenTravel membership, please email: info@opentravel.org.

About HFTP

Hospitality Financial and Technology Professionals (HFTP®) established in 1952, is an international, nonprofit association, headquartered in Austin, Texas, USA, with offices in Hong Kong, United Kingdom and the Netherlands. HFTP is recognized as the spokes group for the finance and technology segments of the hospitality industry with members and stakeholders spanning across the globe. HFTP uniquely understands the industry's pressing issues and assists its stakeholders in finding solutions to their challenges more efficiently than any organization. It does this via its expert networks, research, certification programs, information resources and conferences/events such as HITEC. HFTP also owns the world's only hospitality-specific search engine, PineappleSearch.com. For more information about HFTP, email membership@hftp.org or download the HFTP/HITEC media kit via the HFTP website. Read industry updates on the suite of HFTP hospitality news sites: HITEC Bytes, Club Bytes, Finance Bytes and HFTP News

Contact: Jessica Blankenship

jessica.blankenship@hftp.org

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