Increasing tourism and globalization has helped fuel a growing hospitality market.
Now, amid regularly shifting travel restrictions, hotels and restaurants are facing uneven demand, limited capacity, and continued uncertainty, making budgeting and financial planning more challenging. Long-term recovery for hospitality businesses will require the adoption of new operating models, technologies, and data-driven planning to forecast emerging trends, including enhanced safety considerations and rising consumer concerns.
Performance within the hospitality industry depends heavily on market and asset type, making a more individualized approach to forecasting crucial. At Marsh, we have over 800 dedicated hospitality insurance and risk management specialists who are ready to assist you with creating a loss control program that helps you better anticipate and manage risks.