Hospitality & Entertainment
As shifting global dynamics augur a new future for tourism and business travel, the hospitality and entertainment industry is forced to adapt at breakneck speed. Marked by increased mergers and acquisitions activity and a high rate of new property development, industry players must meet these growing headwinds with innovative financing, debt restructuring, and partnership agreements. Meanwhile, competition among properties, brands, and service offerings, as well as today’s economic volatility, present a constant challenge for hospitality organizations resulting in the rapid evolution of marketing efforts, digital strategies, and operational initiatives aimed at increasing customer acquisition and retention.
We help our hospitality and entertainment clients—including hotel portfolio management, franchise services, travel and leisure, and others—to execute growth strategies, comply with regulatory standards, manage proactive debt covenant monitoring, and provide effective end-to-end cost management. We also partner with our clients to leverage economies of scale through process synergies, systems integration, and shared services implementation.
Following financial difficulties during construction of a new casino and hotel complex, Conway MacKenzie helped secure the amount needed to complete the project.
At the recommendation of the organization’s audit partner, Riveron was engaged to assist with the adoption of the new revenue recognition standard.