Hospitality and Tourism

If you’re in the highly competitive tourism and hospitality industry, chances are you need to spend more time working on – rather than in – your business.

Nexia Edwards Marshall can help by developing a close, professional working relationship with you so you’re well prepared for industry or business fluctuations and can adapt when and where you need to.

We seek to gain a full understanding of your operations and systems, as well as the people who work with them. Then we apply the knowledge gained from many years of experience in developing structures and processes to deliver fast, flexible and cost-effective solutions to help you improve your business.

How we can help you be great

Benchmarking and performance reviews

In tourism and hospitality you must know how your business compares with its competitors.

We’ve developed hospitality benchmarks that we calculate and update regularly using a wide range of sources and venue-specific information. We classify the information into groups so we can easily and efficiently compare your business with that of similar operations.

Armed with detailed knowledge of your business, we examine the results to identify strengths and weaknesses and work with you to develop strategies to refine your operation and close any performance gaps.

Business Consulting

The Nexia Edwards Marshall Business Consulting division can be your trusted team of business advisors. We’ll do any or all of the following:

• prepare your financial statements
• help you analyse work practices
• establish appropriate KPIs
• analyse results to develop and implement best practice strategies.

Accurate budgets and cash-flow projections are great tools for forecasting revenue and expenditure and effectively planning and measuring performance. And we’re really good at preparing them.

Digital Strategy 

In tourism and hospitality, your online presence is so often your customer’s introduction to your business or offering. So it has to be great – and it has to be well managed.

Nexia Edwards Marshall’s Digital Strategist support clients with practical online marketing solutions that set clear strategic objectives and achieve measurable returns on their investment.

Forensic Accounting

Our forensic team has worked with all sorts of clients in hospitality and travel – hotels and tourism operators among them.

We have particular expertise in financial analysis, expert accounting and audit opinions, as well as measuring damages relating to economic loss.

Lending and Finance

We help strong and weak businesses in negotiating finance arrangements, preparing business plans and refinancing debt facilities.

Purchase and sale of a business

When a change in ownership is about to occur, it’s essential to seek expert accounting and tax advice.

Nexia Edwards Marshall has extensive experience in conducting evaluations and due diligence for clients buying businesses, and providing capital gains tax advice for clients disposing of them.

Taxation

We’ll provide expert ongoing tax planning and structuring advice to put you in the most tax-effective position.