Hospitality, Leisure and Tourism

Our specialist hospitality accountants provide a wide range of advisory and support services to hotels, restaurants and other businesses operating in food and beverage.

The UK hospitality sector is one of the largest industries in the UK. Following the devastating impact of the coronavirus pandemic and forced closures, naturally there were concerns for the future of the industry.

The Hospitality sector continues to face headwinds as it confronts various challenges:

Pressure on revenues due to a fall in discretionary spending by consumers
Pressure on food costs and wages
Potential increases in business rates
Supply chain disruption
Staff shortages and difficulty recruiting

In addition, finding the right location at a competitive price is also an increasing challenge for operators.

However, there is hope for the future - businesses are going to have to be resilient, innovative and adaptable to survive; but the hospitality and tourism industry is notoriously resilient, and we believe the sector will recover, although there have been and will be some casualties.

Our hospitality experience

In such a fast-moving, people driven industry, we understand how difficult it can be to keep abreast of the latest developments while ensuring the everyday running of your business is efficient as possible.

By combining our sector knowledge with practical and informed advice, we have helped many of our hospitality clients to make long term and positive changes to their businesses. We advise businesses across the spectrum of the industry, with our clients varying in genre, location and size - from hotel groups and restaurant chains to public houses, guest houses, function suites and even greyhound stadiums.

In order that we can provide a service that fits and reflects your individual needs, our hospitality offering comprises specialists from our offices within most of the largest tourist centres in the UK, who are experienced in dealing with clients from a more local and regional perspective, as well as on a national basis.

We also have international capabilities through our association with our international network, UHY, with offices in most of the world’s largest tourist centres. We are also well connected in the hospitality space and can introduce you to lawyers, bankers, consultants and other advisors as required.