Equally important, we have a solid understanding of seasonality, market conditions and other factors related to the hospitality industry that need to be taken into account when assessing damages.
Recently, we helped an independent adjuster quantify the lost revenue associated with a natural disaster that crippled the tourism industry in a major metropolitan area. We also assisted the adjuster by reviewing property damage invoices and cost estimates with local building consultants and engineers.
When required, MDD can provide expert witness testimony that will stand up to the scrutiny of cross-examination. We have provided litigation support services to our hospitality clients – including writing reports and other forms of documentation – on numerous occasions.
MDD provides hospitality services such as:
- Calculating lost profits, business interruption losses and extra expenses incurred
- Reviewing the company’s operational financial records
- Interviewing key management, staff
- Analyzing industry data to determine the event’s impact on profits
- Performing comparative analysis of the company’s projected performance to its actual performance before, during and after the impacted period
- Examining non-loss-related events and conditions that may have affected actual sales during the impacted period
- Calculating damages solely attributable to the incident and identifying/verifying extra expenses that served to mitigate the loss of business income
- Analyzing demands of loss of income arising from personal injury claims.
- Providing expert witness testimony and litigation support services when necessary