Sectors

Hospitality, tourism & leisure

Although more susceptible to the impact of economic volatility than most, the hospitality, tourism and leisure industry continues to benefit from strong long-term growth trends.

Experts at UHY member firms have a deep-rooted understanding of the sector,  with clients including hotels, restaurants, tourist attractions, travel providers and tour operators.

As well as providing expertise in areas such as audit, tax planning and mergers and acquisitions, specialists are able to provide sector-specific advice around the development and financing of new projects, portfolio reviews and benchmarking and negotiating new operator agreements.

In a highly competitive marketplace where brand reputation is crucial, our experts also have extensive knowledge of areas around licensing and intellectual property rights.
 

ACHIEVING INTERNATIONAL AMBITIONS

The global tourism industry is continuing to see a trend towards consolidation amongst service providers, particularly among hotel chains and tour operators where major brands increasingly dominate. 

Specialists from UHY member firms are able to provide advice on international acquisition or disposal strategies and help negotiate cross-border partnership arrangements.

With local offices in most of the world’s major tourist locations, the UHY network is ideally placed to be able to help clients achieve their international ambitions.
 

Services provided to the sector include: 

  • Capital allowances
  • Corporate finance (including due diligence for acquisitions, consolidations and fundraising)
  • Group accounting
  • Internal audits and other regulatory reporting
  • International taxation
  • Operational reviews
  • Outsourcing services; payroll; company secretarial; bookkeeping
  • Remuneration planning
  • Strategic planning, monitoring and restructuring
  • Succession planning
  • Remuneration planning
  • Tax planning
  • VAT planning