PKF International is a global family of legally independent firms bound together by a shared commitment to quality, integrity and the creation of clarity in a complex regulatory environment. PKF International consists of over 400 offices, operating in 150 countries across five regions. We specialize in providing high quality audit, accounting, tax, and business advisory solutions to international and domestic organizations in all our markets.
PKF International is a network member of the Forum of Firms, an organisation dedicated to consistent and high quality standards of financial reporting and auditing practices worldwide. PKF International Limited (PKFI) administers the PKF network of legally independent member firms.
The PKFI network of legally independent firms does not accept any responsibility or liability for the actions or inactions on the part of any individual member firm or firms. For further information about PKF International or its member firms, please visit
www.pkf.com
PKF is recognized as a market leader in the field of hotel consulting. Since 1935, PKF has offered specialized consulting services for the hospitality industry, providing relevant financial surveys as well as benchmarking services. In 2003, PKF expanded its international hotel consultancy services with the launch of the office in Shanghai, China.
The unique combination of accounting and hotel consulting know-how provides the basis for the quality and reliability for which our services are known. We deliver independent and unbiased advice based on realistic expectations. For many years, our experienced and dedicated consultants have been providing quality services for the hotel industry.
Our mission is to provide clients with a quality service that focuses on the specific needs of each client - addressing business problems with creative solutions grounded in practical experience and high levels of expertise. When it comes to existing or planned hotels and resorts, our specialized team of hospitality experts will be ready to help you reach your goals.
PKF (Pannell Kerr Forster) was the first organization offering specialized consulting and benchmarking services for the hospitality industry.
P stands for William Henry Pannell. In 1869, he founded his own CPA firm in London, W. H. Pannell & Co. K stands for Errol Kerr. Together with his partner William Harris, he founded the New York CPA firm Harris, Allan & Co in 1911 which was later renamed into Harris, Kerr & Co. The first office was located in the Ritz-Carlton Hotel on Madison Avenue. F stands for William J. Forster who, in 1923, founded the company W. J. Forster & Co in New York. In 1933, it merged with Harris, Kerr & Co to Harris, Kerr, Forster & Co.
In the 1920s, William J. Forster developed the Uniform System of Accounts for the Lodging Industry (USALI), substantially influencing the hospitality industry. This department-oriented accounting system is still being used by all major hotel companies worldwide and also increasingly by independent hotels. As undisputed industry standard, it provides the basis for almost all financial statements and forecasts in the hospitality industry.
