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Hospitality insolvencies rise 20% over past year

Published:  19 July, 2024

The latest company insolvency statistics reveal a 20% increase in accommodation and food service insolvencies over the year to May 2024, rising from 3,133 in the 12 months to May 2023 to 3,752 in the 12 months to May 2024. However, there was a 9% decrease in month-on-month insolvencies in May 2024.

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Government unveils key measures for hospitality growth

Published:  18 July, 2024

The Labour government’s first King’s Speech has been welcomed by the hospitality sector for introducing measures aimed at achieving a 6% annual growth potential. Key proposals include reforms to the Apprenticeship Levy and the planning system, which were major requests from industry body UKHospitality.

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