The number of hotel companies going bust soared by 61% to 122 in the 12 months to December 31 2009, according to new figures from accountancy firm Wilkins Kennedy.
Wilkins Kennedy says that although the overall UK economy returned to growth in Q4 2009, this hasn't yet reflected in the insolvency figures. Nor did 2010 get off to a good start with the bad weather in January and the recent turmoil caused by the volcanic ash crisis.
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