Hospitality & Leisure
The global hospitality and leisure sector is transforming at a rapid pace.
New technology is revolutionizing the way that we book hotel rooms, book tables in restaurants, and cinema tickets, and hospitality companies are continually introducing new brands and repositioning existing brands.
As a result, consumer expectations have transformed. Consumers demand fast and efficient booking platforms, and they want personalization, choosing their preferred room, table or cinema seat. Company boards in the hospitality industry now have investments in this new technology and infrastructure as a rolling agenda item, and experienced teams are employed to look for the next tech advancement that will be brought into the sector.
Millennials are set to be a key demographic in this industry, forcing change in how they buy and utilize hospitality and leisure sector services. New market entrants are disrupting the sector, innovating and evolving the market and anticipating the millennial consumer’s needs and expectations. What is new, very quickly becomes the new normal.
The sector is also seeing unprecedented levels of consolidation, as global businesses look for ways to grow their businesses and at the same time, alleviate pressure on operating costs and driving value through their supply chains. Our team of hospitality and leisure lawyers recognise the significance of average daily rates, in driving the RevPAR Index and what it takes for our clients to keep heads in beds whilst navigating the complexities of global development and fierce competition.
We are one of a few law firms that have a genuine global reach in this sector, which means we can offer multi-national hospitality and leisure companies a fully managed and controlled service across the countries they operate in, enabling us to navigate the differences in legislation from country to country.
We work closely with investors, developers, owners, operators and funders of:
• leisure complexes
• casinos and gambling establishments
• health and fitness facilities
• theme and amusement parks
• bars and restaurants
We have experience across the key areas of activity for businesses in this sector, including:
• franchise arrangements
• management contracts
• corporate, JV and fund formation
• finance and restructuring
• food and beverage and catering services
• income generation (telecoms, advertising hoardings and concessions)
View our interactive guide here - http://bit.ly/es-hospitality-guide