Aimlon CPA P.C.
and the professionals of the tourism industry
Need help with starting or running a business in the tourism industry? The professionals at Aimlon CPA P.C. are here to help. We offer support at all stages of your development:
Forming the company
- Assessment of the potential growth of the activity
- Preparation of a business plan
- Assistance with securing financing
- Choice of entity
Running the business
- Assistance with determining and implementing procedures to win back travelers’ trust and confidence
- Implementation of monitoring tools
- Business performance analysis
Monitoring legal and tax obligations
- Tax planning
- Tax return preparation
Managing human resources
- Assistance with human resources management
- Payroll processing
Managing successions
- Assistance with succession planning, selling your company
Some of the businesses that we help includes:
- Travel agencies.
- Car, bike, scooter rental businesses.
- Hotels.
- Fairs, exhibits, conventions centers.
- Events agencies.
- Sport and recreational equipment operators.
- Restaurants.
The tourism industry enjoyed a strong growth of 130% in January 2022 compared to January 2021. During that period the European and the Americas’ tourism sectors posted the strongest growth with a 199% and a 97% increase in new arrivals, respectively. The Middle East and Africa are also part of this upward trend with an 89% and a 51% increase in new arrivals, respectively.
Tourism contributes significantly to the world economy:
> It accounts for about 10% of the world’s production of goods and services per year, and
> It employs 8% of the world’s workforce.
For instance, international tourism contributes to social and economic development and represents the main source of revenue for many countries.
However, the tourism industry is facing a few challenges including sustainable development, winning back the trust and confidence of travelers in a post COVID-19 economy. Indeed, the tourism industry should be more mindful of human rights, cultures and the environment. Likewise, when it comes to assisting a traveler during an emergency, the responsibilities of each of the businesses on the value chain should be clearly determined.
For example, when Governments around the world decided to restrict travels in an attempt to contain the spread of the SARS-CoV-2, millions of flights were cancelled and hundreds of thousands of travelers were stranded abroad, with little to no help and with no resources.