For hoteliers, how you meet the travel needs of tourists and business professionals is a determinant of success. And as within any industry, the hospitality industry is subject to a number of uncontrollable variables that affect those involved in management or ownership of hotels, restaurants and other hospitality establishments. These uncontrollable factors include local and global economics, population shifts, and legal changes. It is crucial to be aware of these variables and monitor trends to ensure their impact on your business is a positive one.
To read more on each of these factors, as presented by Cameron Moore, Area Leader and Principal at Paradigm Tax Group, click here.