Hospitality

Location: Muscat, Oman

• Measurement of a complicated business interruption loss for a group of luxury hotels as a result of damage sustained in Cyclone Gonu.

Quantum:

• In excess of US$3,500,000

Unique Aspects of Engagement:

• Calculated the business interruption loss for 3 separate hotels of varying luxury;
• Projected without loss sales with limited historical information (hotels had only recently began operations);
• Accounted for 2 separate repair phases during which the facilities were inoperable;
• Identified and quantified significant underinsurance.