#business-continuity-planning

#business-continuity-planning

We've seen from previous strikes just how significant the impact can be on hospitality businesses, with bookings dropping by 67%. With another wave of strikes looming this Spring, operators should expect disruption well before the strike day itself, as uncertainty around travel plans affects spontaneous visits and last-minute bookings.

In an unpredictable world, businesses must be prepared to face unexpected challenges, such as natural disasters or economic shifts. The recent one-year anniversary of the Southern California Wildfires have underscored the importance of being financially prepared for such unforeseen events. With so many economic headwinds facing California like rising insurance costs, cost of housing and a shortage of skilled labor, on top of new trade policies nationwide, the ability to adapt quickly is crucial for maintaining resilience and ensuring long-term success.