Hotel insolvencies have fallen by 18% in the past 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 9% in the first half of this year to 2.5 million. THE weakened pound has helped to attract large numbers of tourists to the UK — boosting the fortunes of hotels, according to a new report. But there are signs that some hotel operators may be struggling as they try to cope with rising costs and falling profits.
Hotel insolvencies have fallen by 18% in the past 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 9% in the first half of this year to 2.5 million. But there are signs that some hotel operators may be struggling as they try to cope with rising costs and falling profits.