35 restaurants and cafes became insolvent in the first three months of 2024, according to Deloitte
There have been 46 insolvencies in the hospitality sector in the first three months of this year, Deloitte said. Photograph: iStock
The professional services company said there had been 46 insolvencies in the sector in the first three months of this year, with 35 of them relating to restaurants and cafes. This compared to 19 hospitality insolvencies in the period January-March 2023, while the figures also represented a 44 per cent increase on the fourth quarter of last year.
The pressures on hospitality were quantified as part of Deloitte’s latest insolvency and restructuring statistics, which indicate that there have been 214 corporate insolvencies across sectors in the first quarter, up 47 per cent year-on-year.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Limerick's Seán Finn to make first start of 2024 after ACL recoveryFinn has been selected to start at full-back for Limerick’s league semi-final against Kilkenny.
Read more »
Republic’s trade surplus doubles in January amid decline in importsValue of goods imports from Britain fell 50% year-on-year in first month of 2024
Read more »
Sea Sessions announce 2024 line-upThe music festival, which takes place in Donegal every summer will be held across one weekend in June, from Friday the 21 to Sunday the 23.
Read more »
Netflix Original Releases for March 2024A list of Netflix's original releases for March 2024, including a film about an astronaut trying to fix his marriage and a story about a damsel recruited as a sacrifice.
Read more »