Audit Challenges in the Hospitality Sector in Dubai
The hospitality sector in Dubai is one of the most dynamic and rapidly growing industries, driven by tourism, international business, and the city’s global reputation as a luxury destination. Hotels, resorts, serviced apartments, and tourism-related businesses contribute significantly to the economy. However, the same vibrancy that fuels the sector also creates several audit and compliance challenges. This article explores the unique auditing challenges faced by the hospitality industry in Dubai and how businesses can navigate them effectively. 1. Complex Revenue Streams One of the most significant audit challenges in the hospitality sector is the complexity of revenue streams. Unlike traditional businesses with straightforward income models, hospitality businesses generate revenue from a wide array of sources — room bookings, food and beverage sales, spa services, events, mini-bars, concierge commissions, and more. Each revenue source may follow different pricing strategies, s...