Hotel failures fall in March

By Chris Druce

- Last updated on GMT

Related tags: Hotel

Shendish manor was a victim of the recession placed into administration but is now owned by Planned Holding
Shendish manor was a victim of the recession placed into administration but is now owned by Planned Holding
Fewer hotel businesses went to the wall last month than a year ago, but the start of 2010 has been tough for operators according to new data

Experian’s latest Insolvency Indexform recorded 143 insolvencies within the hotel and leisure sector during March.

This was a significant improvement on the 185 insolvencies recorded in the same month a year ago, but was up on the 139 failures in February and the 92 seen in January. 

Overall, UK business insolvencies were up marginally month-on-month in March, although the overall year-on-year picture to date is much more positive than it was twelve months ago.

Separate analysis from Deloitte has revealed that the number of hospitality and leisure businesses applying for creditor protection, in the hope of avoiding outright insolvency, more than halved​ during the first quarter.

Related topics: Trends & Reports

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