The hospitality sector in Yorkshire remains sluggish, says insolvency industry body R3.
Almost a quarter of the 417 hotels in Yorkshire and the Humber are “at risk” of failure, according to figures quoted by R3 from Bureau van Dijk’s “Fame” database.
Nationally, 22% of the UK’s 1,660 hotels are “at risk” of failure in the next 12 months. The figures for Yorkshire and the Humber show a slight deterioration from last year when 20% of hotels in the region were “at risk”.
Chris Wood, R3 regional chair-chairman and partner at Clough Corporate Solutions in Cleckheaton, said: “The hotel sector across the UK has suffered from weakened demand in recent years with problems in the eurozone resulting in falling demand from overseas visitors in both business and leisure travel.
With domestic consumers also feeling the pinch, there has been increased pressure on room rates as well as greater competition from the expanding budget chain brands at the expense of regional hotels.”
But he said hotels in Yorkshire should get a huge boost when next year’s Tour de France visits the region, visiting parts of Kirklees and Calderdale.
