The hotels and accommodation sector is being challenged like never before. Pre-pandemic issues including the effects of Brexit, economic upheaval, cost-pressures and regulatory challenges now seem a lifetime away from the unprecedented impact of Covid-19.
Right now, the name of the game in the hotels and accommodation sector is getting to the other side of the pandemic. In a world where social distancing is the norm the operating landscape is transformed. Consumer confidence changes with Government guidance and customer purchasing patterns are transformed.
An agile business model where technology and hygiene come front and centre is going to be essential for the sector as we become accustomed to the ‘new normal’.
How we assist our clients
We’ve been busy advising clients on the impact of Covid-19 including:
- accessing funding and restructuring advice;
- refining cash flow forecast models;
- workforce planning including legal, HR and tax advice;
- accounting and tax advice;
- technology implementation; and
- risk advisory.
As businesses look beyond survival to the opportunities for growth, our services to support them include audit; accounting and tax advice; financial remodelling; technology implementation and risk advisory; corporate finance, M&A and restructuring; legal and HR; payroll and more.
Do you need help to achieve your objectives?
Get in touch with Chris Tate our Head of Hotels and Accommodation to discuss how we can assist you in achieving your strategic plans.
RSM’s Hotels Tracker provides monthly analysis and commentary on occupancy levels, average room rates and revenue per room for the UK hotel sector.
The data compiled and produced by STR is analysed by RSM’s hotel and accommodation sector experts to provide invaluable market insight to operators, investors and others in the hospitality industry.