Economy
Hotel insolvencies up 19% in 2023 amid higher costs
Hotel businesses have amassed significant levels of debt to weather the lack of tourism during the lockdown period
Hotel insolvencies have increased by 19% in the last year, from 127 hotel companies in 2022/23 to 151 in 2023/24, as operation costs have continued to rise, UHY Hacker Young has revealed.
You'll need to
subscribe to unlock this content. Already subscribed? Login?
