The role of hospitality and tourism in the economic growth of the country, meeting the needs of the society, establishing relations between the countries is invaluable. The sphere of tourism occupies a special place in the economy of very developed and developing countries, as most of the GDP of many countries is formed from the income received from this sphere.
In order to succeed in this field, it is necessary to keep pace with modern changes in hospitality, tourism management, and constantly improve professional skills.
Research shows that, for example, 90% of restaurants are on decline during the first year. Three years later, 50% of those restaurants are no longer in business! And the 6 main reasons for failure include poor quality service and lack of negotiation skills and consulting with customers. This means that in the field of hospitality it is necessary to show professionalism and to be a qualified specialist.
Many professional skills are usually acquired after exploring the field of hospitality management. In the future, it will help to understand the requirements of the hospitality industry and the expectations of the market. There is a need for specialists who are able to provide high-quality advice in key areas such as food and beverage, booking, centralized accounting, benefits, discount programs, capital expenditures, etc.
Crowe & Asatryans LLC team of professionals can help you find ways to overcome difficulties, including cash flow management, debt or equity financing, existing debt refinancing, accounting and auditing.
Current requirements lead to innovative approaches. Our tips and suggestions are clear, concise and tailored to the client’s requirements.