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Insolvencies up in hospitality and leisure
The hospitality, leisure, travel and tourism sector was one of the hardest hit by corporate insolvencies this year.
According to the latest findings from PwC, insolvencies have risen within the sector from 1,304 to 1,464 in the past 12 months.
This is against a background where the number of corporate insolvencies across all sectors has dropped.
Only the construction, manufacturing and retail sectors performed worse than the hospitality and leisure sector.
But, although the hospitality and leisure sector has performed worse than last year, the level of insolvencies has steadily fallen since the first quarter of this year.
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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