New hotels, higher prices.
After years of lackluster growth, the lodging industry is experiencing a resurgence, with increased construction and new hotel rooms hitting the market. These developments have pushed up prices and have many hotels examining their growth and marketing strategies for the future.
Boutique hotels continue to grow in popularity, and industry experts are watching closely to see if the trend will continue to be embraced by millennials.
With a deep understanding of these industry trends, BDO helps hotels and resorts navigate the industry’s most pressing accounting and tax issues, including all aspects of hotel consulting, market analysis, valuation studies, operational reviews, and organizational assessments. From boutiques to chain hotels, different companies in the lodging sector have different needs, and BDO helps each company identify competition, demographic trends, and specific real estate issues.
BDO’s Gaming, Hospitality, and Leisure Practice is comprised of professionals across the country who provide relevant insights on lodging’s biggest developments. Our professionals go beyond balance sheets and financial statements, sharing knowledge with clients through newsletters, reports, quarterly guides, and various webinar events.