The Brexit forecast for the hotel industry is economic sunshine and showers
Case Study - Administration of sports facility
The goal of Quantuma Property Services is to provide clients with high quality advice and ambitious strategies
It is estimated that Hotel and Leisure has the highest proportion of jobs of any sector paying the minimum wage. Although staff costs vary depending on the type of business and involvement of the owners, businesses with already low operating margins are typically spending between 25% and 40% on wages and the recent introduction of the Living Wage is forcing employers to look at cost savings. This may include reducing or cutting out bonuses and other benefits or considering redundancies whilst retaining staff morale and high levels of customer service.
Maintaining a profitable business on a consistent basis when other outside factors such as climate and changing fashion come into play is another constant difficulty for the hotel and leisure sector.
So the challenges hotel and leisure businesses face are as wide ranging as the sector itself.
At Quantuma we have proven experience working as a trusted adviser to the owners, operators and funders of financially troubled hotels, leisure parks, golf clubs, bowling allies, pubs, restaurants and bars.
Our hotel and leisure team understand the challenges faced when setting a distressed business on the road to recovery and we understand the issues, whether financial or operational. We understand the need to collaborate with management, funders and shareholders to preserve and maximise stakeholder value. We can provide an independent assessment of the business and advise
on turnaround options including monitoring recovery plans either with existing management remaining in place or independent operators experienced in managing distressed hotel and leisure businesses. For the most financially distressed businesses we can assist with accelerated sales or formal rescue procedures.