This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print page

Issues & trends

Within the Tourism, Hospitality & Leisure industry

  • Reduce your tax bill
    The recently released capital allowances case, JD Wetherspoon plc v HMRC, for which Deloitte acted as instructing accountants, is particularly relevant to hospitality and leisure businesses incurring capital costs on property. The case clarifies the position regarding the availability of tax reliefs for building expenditure and the methodology for calculating capital allowances available on various project overheads.
  • Reducing your costs to sell and serve
    For many organisations, delighting customers and driving up customer revenues at the right cost is a constant tension between sales and marketing, customer service and finance. But in today’s tough markets your customer and commercial strategy and the cost of marketing sales and service functions are receiving additional attention. The challenge is to cut costs from these customer-facing functions while retaining customers and even growing market share. Without this balance, success after the downturn may well be limited. Deloitte can support you in revitalising your commercial strategy with a fresh approach to quickly optimise the value of your customers, through proactively managing your cost to market and sell and serve those customers. Our projects to date have typically achieved a 20-30% reduction in the operating cost base of customer facing functions. 
  • Capital raising
    Many companies need to repair their battered balance sheets amid the worst conditions in the sector since the 1990s. We have a proven track record in assisting businesses to achieve rapid improvements in cash and working capital management. Our cash and working capital team can help you to unlock cash, reduce funding requirements, improve cash flow visibility, assist in negotiations with key creditors, improve asset utilisation and smooth relationships between management, lenders and other stakeholders. 
  • Debt Advisory
    Debt market conditions have created a complex and challenging environment for borrowers and many businesses are examining their existing financial arrangements. In the current climate, it is vital to have the right advisor from the start. Deloitte has a team dedicated to advising you through these difficult times. Over the past three years, we have advised on debt facilities totalling over £20 billion. Using this knowledge and experience we can guide you through a refinancing, recapitalisation and other debt raising process. We typically advise clients on renegotiation, refinancing and acquisitions, and disposals and mergers. 
  • Distress and Receiverships
    High profile failures in the Tourism, Hospitality and Leisure industry have demonstrated how susceptible companies can be to significant downturns in business, coupled with rapidly rising costs. Deloitte’s Reorganisation Services team is able to help should your business be facing these difficulties. We are recognised as the Global Leader in Corporate Restructuring and provide professional, pre-eminent advice to the management and stakeholders of underperforming and financially distressed businesses. We use our expertise to help you maximise recoveries and protect investments. 
  • Implications of the Budget for Tourism, Hospitality & Leisure
    The Chancellor made a number of announcements in the April 2009 Budget Report which will affect the Tourism, Hospitality & Leisure industry. Find out what these mean for your company by clicking here.
  • Hospitality Vision
    If you are thinking about investing in the hospitality industry or are looking to learn about the trends bring experienced by the industry, then visit our Hospitality Vision publications which provide market analysis on the economic climate, hotel performance, tourist arrival data and more.

Share this page

Email this Send to LinkedIn Send to Facebook Tweet this More sharing options

Get in touch

More on Deloitte