The hotel industry is unique and has accounting issues specific only to the industry. The hotel industry was one of the first industries to develop definitive standards to provide specific guidance to accountants and operators.
Analyzing financial information based on benchmarks set by the industry is essential to the hotel success. Accounting has to work seamlessly with hotel management and operations to interpret the financial information and react accordingly. Timely reporting is a key to making quick decisions in this economy.
Furthermore, the need to constantly monitor and control costs requires individuals with knowledge and experience of industry standards to spot trends and to ensure that your hotel is performing at an optimal level.
HDG Hotels has experience with various front of house systems and can quickly adapt to the requirements of individual or groups of hotels. In addition, our accounting team includes a CPA who can assist our clients with tax compliance and debt restructuring negotiations.