Hospitality, Tourism and Leisure is at the core of Australia – it is without question one of the key industries driving Australia’s economy. The industry continues to grow, driven by both domestic and international tourism. Although the outlook is positive, these are changing times and the industry must remain agile to be resilient to or adopt new trends.
Hotels and resorts, in particular, face the challenge of strong competition from the rise of Airbnb and serviced apartments; and for smaller hotels and hotel groups, like Accor Hotels, competition against global hotel groups can be a challenge. In terms of the wider Australia domestic industry, there is an ongoing challenge of other global destinations having their moment in the spotlight and detracting from all that Australia offers – although this is positive for outbound tour operators.
We takes the time to understand our clients, the challenges they faces and the goals they have, to help implement actionable insights that make a difference to their business and support tourism businesses towards their goals.
Sync Accounting’s experienced team can also draw upon the insights from our association with the Visit Victoria, the Australian Hotels Association (AHA).
How can we help?
We assists hotels & restores, restaurants, café, tour operators and other tourism-focused organisations across a number of different aspects of their business. Our team of experts can provide a complete range of services including:
Benchmarking
Data Analytics
Corporate Finance and Financial Modelling
Business Restructuring
Industry Relationship Consulting
Corporate Governance