Hotels & Tourism
BDO’s Hotel and Tourism industry experience is extensive and we have worked with businesses within this sector for decades.
Tourism is at the core of Australia – it is without question one of the key industries driving Australia’s economy. The industry continues to grow, driven by both domestic and international tourism. Although the outlook is positive, these are changing times and the tourism industry must remain agile to be resilient to or adopt new trends.
Hotels and resorts, in particular, face the challenge of strong competition from the rise of Airbnb and serviced apartments; and for smaller hotels and hotel groups, competition against global hotel groups can be a challenge. In terms of the wider Australia domestic industry, there is an ongoing challenge of other global destinations having their moment in the spotlight and detracting from all that Australia offers – although this is positive for outbound tour operators.
BDO takes the time to understand our clients, the challenges they faces and the goals they have, to help implement actionable insights that make a difference to their business. Whether it is to assist with the internal audit of hotels, the external audit of a large tour operator or perform the due diligence to acquire additional businesses to grow a group, BDO’s team are across the industry and accounting changes to support tourism businesses towards their goals.
BDO’s experienced team can also draw upon the insights from our association with the Australian Tourism Export Council (ATEC) and the Accommodation Association of Australia (AAOA).
How can we help?
BDO assists hotels, tour operators and other tourism-focused organisations across a number of different aspects of their business. Our team of experts can provide a complete range of services including:
- External and internal audit
- Data Analytics
- Corporate Finance and Financial Modelling
- Business Restructuring
- Indirect tax advice
- Employment Tax
- Corporate Governance
- Forensic and Fraud Investigations.