There has been an 18 per cent fall in the number of hotel insolvencies in the past year, from 98 to 80, according to accountancy firm Moore Stephens. Hotel insolvencies have fallen by 18 % in the past year , from 100 closed hotels to 50 , 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 . Not only has the lower value of the pound drawn custom from overseas , but it has also caused British nationals to stay at home .
Hotel insolvencies have fallen by 18 % in the past year , from 100 closed hotels to 50 , 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 . Not only has the lower value of the pound drawn custom from overseas , but it has also caused British nationals to stay at home .