Tourism and hospitality industry
Mainstay has unrivalled experience in providing consultancy and audit services to the tourism, entertainment and hospitality industries. Whether you're in the hospitality industry, owning a restaurant, operating a hotel chain or resort, or owning a travel agency, Mainstay's hospitality industry specialists will provide advice that can optimize costs, bring competitive advantage, and open up opportunities for growth and development. The ultimate goal is to help you get the most out of your business.
The tourism and hospitality industry has its own unique operating characteristics. Fluctuating exchange rates, fierce competition, changes in legislation, competition for emerging markets and technological advances are all key industry issues that are important to your business. We focus on them first, so we can provide our clients with timely assistance. We can take pride in providing practical and comprehensive solutions tailored to the current trends for this dynamic, highly competitive and people-oriented sector.
This shows that our team can offer you the most effective advice and strategies for success. We want you to grow and develop, and we are ready to provide you with the appropriate solutions to help you thrive in this fast-changing world.
We work with the following members of the hospitality industry:
- hotel chains;
- boutique hotels;
- family hotels;
- hotel construction companies;
- hospitality investment funds.
Our services:
Hospitality
- strategic planning for hotel chain development;
- marketing researches;
- feasibility studies of projects and investments in hotel business;
- audit of RAS and IFRS financial (accounting) statements of hotels and hotels;
- selection of a management company;
- due diligence;
- transaction structuring, financing and divestiture;
- risk management;
- branding: brand development, brand management, brand valuation, brand protection;
- structuring collaboration and co-ownership;
- development of objectives and scope of the planned project;
- legal support for contracts;
- development of strategies for entering overseas markets;
- project registration and development of a financing scheme;
- appraisal of contributions and portfolio assets;
- evaluation of franchise management and development;
- analysis of development and expansion opportunities;
- standard annual income analysis for financial reporting;
- operational audit;
- analysis of key performance indicators;
- optimization of sales and cost structure;
- legal consulting;
- tax consulting;
- assessment of gross operating profit and profitability;
- CAPEX and investment assessment;
- advising owners on budgeting issues.
Tourism
- planning and strategy development;
- drafting strategies for the development of the tourism company;
- provision of legal support;
- financial modelling;
- business plan development;
- analysis of technical and economic feasibility of investment;
- studying the market conditions;
- audit of financial (accounting) statements (RAS, IFRS);
- keeping accounting and tax records;
- support at the launch of the project;
- legal consulting;
- tax consulting.
- search in and attraction of public and private investments.
Entertainment field
- search for innovative ideas;
- development of unique concepts and topical solutions representing the combination of convenience and entertainment, culture, sport and business.