Back to Business | Hospitality Industry – Hotels
10.2.20 | Industry Insights
Berdon Partner Smit Shah, CPA, weighs both the difficulties and opportunities facing the hospitality sector. A drastic drop in tourism, strict quarantine regulations, and issues with debt serving and fixed costs combine to threaten the overall sector. Shah also explores the increased use of technology — mobile check-ins and no-touch payments — alternative uses for hotel space, renovation opportunities, and flexible staffing considerations as potential positives to help stabilize hospitality.
View the video below.