Hospitality and leisure
Personalized solutions for businesses focused on clients
The hospitality and leisure sector encompasses a rich mix of businesses, including restaurants, travel and tourism, gaming, and sports. Operators face a challenging environment where economic conditions and consumer preferences are constantly changing due to digital disruption, globalization, and competition. Our focus is on providing the necessary solutions to maintain operational resilience and thus guide you to business success.
Our approach
Operators are well aware of the challenges in the hospitality and leisure sector. To thrive, they need to overcome various obstacles such as uncertain economic conditions, the ebb and flow of consumer demand, new legislation, and technological changes. Additionally, geopolitical events and pandemics pose significant risks that can have detrimental consequences.
At Forvis Mazars, our hospitality and leisure teams understand the issues faced by this sector today: we have extensive experience and will work with you to help you respond quickly to the demands of a highly competitive and dynamic industry.
We work with a wide range of clients, both small and large, including:
- Restaurants, bars, and food service companies
- Hotels, including large publicly traded groups, independent establishments, and small to medium-sized hotels, as well as boutique hotels
- Travel agencies
- Sports associations and clubs
- Gym operators, including private companies managing public and private facilities, as well as hotel recreational gyms
- Recreational parks and gaming
Our team can provide you with the necessary solutions to achieve your long-term goals. Each team member takes pride in offering advice and guidance that not only helps you manage your organization successfully but also enables you to provide a high-quality experience to customers. We adopt a pragmatic approach, ensuring that we do the right thing for your needs, such as defining your development strategy, finding and protecting investments, optimizing your operations, or restructuring your business:
Define and align your strategy with market opportunities
Having the right strategy is vital for your business. We can help you define and position your products and services to meet customer demand, assess the feasibility of your projects, and the potential financial return. Whether you are establishing new businesses in growth markets or disposing of non-strategic assets, we can ensure your success by providing financial consulting, legal, and tax support, taking into account local specificities and regulations.
Protect your investments
Our teams can advise you on selecting investors and protecting investments. We can also find the right financing solution for your projects, conduct feasibility studies, evaluate assets, and adapt the capital structure while helping you review contractual obligations.
Optimize your operations
We can support you in improving your processes and internal controls to prevent fraud. We implement reporting systems in accordance with the USALI standard. We optimize your cash management and review HR policies while conducting financial, tax, and IT audits. Our data and technology analysts can enhance your digital performance through reliable technology and data management so you can gain consumer insights and protect customer information. We can also support you in obtaining national or international certifications. Our sustainability team can help you define and implement your CSR strategy.
