KPMG in Sri Lanka’s hospitality and leisure practice comprises a dedicated network of professionals with a deep understanding of the sector across our key service lines. As a member of a global network, we successfully mix an understanding of international best practices and insightful local market knowledge to provide our clients what they need.

 How KPMG can help

KPMG’s team can offers a pro-active, forward-thinking service to our firms' clients to help ensure that the potential for growth that the industry is currently witnessing is not missed, and that the issues and challenges faced by the industry can be overcome. We leverage the vast knowledge, skills and experience across our regional coverage, the network and international experience of our team, combined with the ability to draw upon local know-how within Sri Lanka and the Maldives. We provide a range of Management services under our three key areas governance, performance and growth.

 

Feasibility studies

• Location and market analysis
• Hotel project screening
• Short assessment of the general suitability of location and market for a hotel
• Hotel feasibility study – full version–Detailed presentation of the economic viability of a hotel project; for internal and external purposes (e.g. for financing)

Asset management

We support owners in managing their asset during the full life-cycle of the hotel investment by pooling together our expertise and experience in, amongst others, the areas of hotel operations, operator selection, contract negotiations. Our services include:

• Defining and understanding the client’s goals and objectives
• Creating an asset management plan – an annually updated reference and strategic road map
• Serving as the owner’s representative – liaison between the owner and the operator
• Monitoring and proactively supporting the operator
• Assisting the client in the strategic decision-making process (e.g. approval of budgets, sales and marketing plans, capital expenditures.
• Optimizing the information flow between operator and owner by providing concise and analytical reporting
• Ongoing consulting and assessment of issues relating to the overall investment (e.g. optimal financing structure, exit strategy)

Corporate finance

• Transaction support
• Acquisition strategy
• Due diligence reviews
• Project financing
• Restructuring & insolvency advice
• Management-buy-in/buy-out

Quality control

The basis for continuous success of an existing hotel is to constantly ensure quality. We are in the position to evaluate the historic and current performance as well as the future economic potential of a hotel. In order to review and/or monitor operational performance. Our services include:

• Performance analysis
• Positioning/re-positioning analysis
• Expansion analysis
• Mystery guest checks

Strategy Consultancy

Together, we develop strategies to improve your hotel’s financial results. As external experts, our neutral position as well as the ability to compare figures based on industry standards and individual benchmarks, help us to analyze problems and to draw the right conclusions. Our services include:

• Operational consulting
• Assistance with (re-)positioning/restructuring
• Quality audits/reviews
• Mystery guest checks