An evolving industry offers great opportunity and, at times, difficult challenges. Recent hospitality industry developments and changing consumer behaviors have led to the need for businesses to adapt and overcome challenges to ensure success. As hospitality companies are faced with balancing rising operating costs and seasonal trends in an effort to maximize profitability, guests are constantly looking for fresh and innovative offerings that enhance their experience with brands.
Success in an evolving industry demands customized services that are tailored for your specific business needs. Withum’s team of hospitality accountants and consultants know that diversified knowledge and specialized services are paramount to staying ahead of the curve. We offer a suite of hospitality-specific accounting, tax and advisory solutions that help you make smarter business decisions and improve your bottom line.
Hospitality businesses may benefit from tax-saving opportunities such as a property cost segregation study resulting in improved cash flow.
Learn MoreCybercrime can critically impact your hospitality business and reputation among consumers. Protect your business and safeguard guests personal identifiable information with comprehensive cyber and information security strategies.
Learn MoreThe experience economy is real, and the millennial generation is pushing that transformation. Using data to sell your destination as an experience rather than a destination is a powerful tool. Grow your hospitality business by making smarter, data-backed decisions.
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Identify potential problem areas and get insights on improving your resort’s overall financial health. Withum’s annual Timeshare Benchmarking Study conducts a comparative analysis of timeshare associations’ financial performance to help you stay informed on current financial trends among your peers.
Timeshares have helped millions of families enjoy memorable vacations in high-quality resorts year after year. For owners who value consistency, destination options, spacious accommodations, and resort-style amenities, vacation ownership can be a practical and rewarding way to travel. Understanding how to get what is desired from a vacation ownership product is also important. Whether it…
The hospitality industry has faced mounting challenges over the past five years, with insurance costs emerging as one of the most pressing issues for hotel owners and operators. In a recent episode of Withum’s Lodging Insights and Innovations Podcast, Lena Combs, Partner and leader of Withum’s Hospitality Services Team, sat down with Joey Masters, Senior…
The hotel and lodging industry is entering a new era of tax-efficient renovation planning thanks to one of the most powerful changes introduced by the One Big Beautiful Bill Act (OBBBA): the permanent restoration of 100% bonus depreciation. This single provision is reshaping capital planning, property improvement strategies, and long-term asset management across hotels, motels,…
Preparing for the unexpected is crucial for business recovery when disaster strikes. Having the right plans and steps in place to protect business continuity can help ensure you’re better equipped to weather the worst conditions.
Let Withum’s Hospitality Services Team members help you make the right decisions to efficiently run your business so that you can focus on providing the exceptional five-star service your customers expect. As trusted advisors to hospitality and hotel clients ranging from small, local associations to large, international companies, we are dedicated to providing the skills and resources of a national firm with the outstanding service that our clients have come to expect.
Withum’s Hospitality Services Team members are actively involved in national and regional centers of influence.
For more information or to discuss your business needs, please fill out the form and a member of our team will connect with you timely.