The reasons hotels fail and how to guard against failure
August 12, 2013
In the second of a series of videos, Judith Dugdale, head of the leisure and tourism team Chiks, is joined by Andy Townsend, CEO of Legacy Hotels, to discuss some of the business, operational and financial issues facing the hotel sector. As former divisional director of Macdonald Hotels & Resorts, Barratt International Resorts, Hilton UK and Stakis Hotels, Andy has over 25 years of operational hotel experience, internationally and within the UK. In this video, Andy explains some of the common factors behind the failure of hotel businesses and what business owners should do to mitigate these risks.