The number of insolvencies in the travel, leisure and tourism (TLT) sector has dropped by 50 per cent, although experts warn an increase may come after the summer trading ends.
Advisory firm KPMG has predicted that the ‘unusual’ drop in the average number of TLT insolvencies from 350 a month to 178 is not a sign of an upturn in the economic situation, rather a ‘temporary reprieve in advance of a second wave of insolvencies’.
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