Thriving Season After Season
Running a tourism hospitality business is no small feat. Your success depends on a few short months of peak revenue that must sustain your operations year-round. The seasonal nature of the industry brings unique challenges: managing cash flow during the off-season, incentivizing and retaining key employees and navigating ever-changing regulations. Without a clear financial strategy, these challenges can lead to sleepless nights, missed growth opportunities and unnecessary stress.
Don’t let the seasonal nature of your business hold you back. Whether you’re a hotelier, restaurateur, retailer or another tourism-driven business, make the most of every season.
What Makes Up Tourism Hospitality
There are many types of businesses across the Southeast that serve tourists. We focus primarily on the following areas of the tourism and hospitality sector:
Single or multiple locations and franchisees with more than $1 million in revenue.
Both franchise and independently owned hotels with 50 or more units, as well as resorts, campgrounds and RV parks.
All things coastal like souvenir shops, gift stores, clothing boutiques, candy shops, beer and wine outlets and grocery stores.
Those tourist favorites including golf courses, waterparks, arcades, theme parks and more.
Addressing Tourism-Specific Business Issues
When it comes to the needs of tourism-driven businesses, our tourism hospitality team provides more than numbers. We focus on actionable insights and strategies to help your business thrive in both the high and low seasons. Here’s how we can help:
Tourism Services Leader
Adam S. Johnson, CPA
Partner
Let me know how I can help.
843-448-1500, ext. 4251
Guiding you through the seasonal nature of your business by helping you address:
- Cash flow
- Industry changes around immigration, supply chains and more
- Tax implications of third-party meal delivery
- Talent incentivization
- Expansion around new locations or offerings
- PE considerations
- Liquor liability issues
Helping you maximize tax benefits and local tax credits specific to the tourism and hospitality industries so that you can keep more of your hard-earned revenue.
Providing clear, accurate financial reporting from reviews to audits to agreed-upon procedures to help you make informed decisions and maintain compliance.
Enhancing the accuracy and clarity of financial data while freeing up your time and resources to grow your business.
Tourism is Different
The difference is in the expertise. WebsterRogers understands the specific challenges tourism businesses face because we’ve been serving South Carolina’s tourism industry for decades. From Myrtle Beach to Pawleys Island to Charleston and beyond, our team has helped countless businesses turn the challenges of tourism into opportunities for success.
You aren’t just in the hospitality industry. You’re in the tourism business. That comes with seasonal revenue cycles, regulatory requirements and growth opportunities. That’s where we can make a difference.