The hospitality industry is a diverse subsector of the service industry, incorporating everything from hotels and restaurants, to casinos and cruise lines. Worldwide, the hospitality sector continues to grow from strength to strength. Chains – especially restaurants and coffee shops – are expanding globally, and consumers are spending record amounts in bars and restaurants. The hotel sector is growing steadily, benefitting from growth in the travel and tourism sectors, as the middle class continues to grow in emerging economies across the continents.
Technological change, principally the rise of online booking, apps and social media, has created new opportunities, enabling forward-thinking businesses to capitalise on new business models. This diverse and exciting industry is evolving rapidly.
In a diverse and fast-moving industry, you need advisors you can rely on.
HLB’s team of world-class advisors work with clients throughout the hospitality sector. Whatever your field, HLB is on hand to help your business navigate this complex and fast-changing sector. Our unparalleled knowledge of the industry will help your business enter new markets and achieve business goals. Whether you’re a casino owner dealing with regulatory issues, or a hotel firm needing advice on doing business in a new country, our forward-thinking team can help your business overcome new challenges. We facilitate cross-border deals and help your company expand its global reach.
We work closely with our clients to ensure that all advice is tailor made to the business. Our industry experts provide a full range of first-class services helping your company to flourish
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COVID-19 Implications on the Hospitality Industry
The hospitality and leisure industry is experiencing a big impact as countries lock-down in response to COVID-19.