Consolidation, new hotels, more challenges.
Driven by improving economic trends and new consumer behavior, widespread changes are putting pressure on the hospitality, and leisure industries. New hotels and resorts continue to emerge, and businesses are keeping an eye on the future, closely monitoring the preferences of millennials. Meanwhile, consolidation has increased in an expanding international market; companies are merging with one another to gain more market share and reduce competition.
BDO is one of the only global firms to dedicate a practice to serving the Hospitality, and Leisure sectors. We provide hotel consulting, M&A due diligence, debt restructuring, and international tax planning services to clients throughout the country, and around the world.
Through articles, conferences, and research reports, BDO’s professionals are at the forefront of critical industry issues, publishing insights and speaking on a variety of emerging challenges and opportunities. Our international team keeps businesses up to date on proposed tax laws and regulation changes, offering proactive guidance as companies restructure and reorganize their operations in the face of new industry trends.