Hotel insolvencies have fallen by 9% in the first half of this year , from 98 closed hotels to 80 , reflecting a rise in tourism caused by the weak pound. THE weakened pound has helped to attract large numbers of tourists to the UK — boosting the fortunes of hotels, according to a new report. The number of overseas visitors to the UK rose by 18% in the past year to 80 . Not only has the lower value of the currency drawn custom from overseas, but it has also caused British nationals to holiday at home.
Hotel insolvencies have fallen by 9% in the first half of this year , from 98 closed hotels to 80 , reflecting a rise in tourism caused by the weak pound. The number of overseas visitors to the UK rose by 18% in the past year to 80 . Not only has the lower value of the currency drawn custom from overseas, but it has also caused British nationals to holiday at home.