SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Bankruptcy Risk in the Restaurant and Hotel Industry Decreases

» Updated: 26 September 2024, 22:21

» Published: 25 September 2024

Bankruptcy Risk in the Restaurant and Hotel Industry Decreases
Photo: Christine Olsson/TT

Over 9,000 Swedish companies are estimated to go bankrupt within a year. The bankruptcy risk for Swedish companies in general continues to increase – but at a slower pace than before, according to a new prognosis from the data and analysis company Dun & Bradstreet.

For the first time since December 2023, the risk is decreasing within the hotel and restaurant industry, and in several other industries, a slowdown is noted compared to previous prognoses.

According to Dun & Bradstreet, this is a temporary trend break that can be partly explained by the weak krona having benefited the tourism industry. Furthermore, it is stated that the bottom of the economic cycle has likely not been reached and that the effects of the interest rate cuts currently being implemented will likely be felt first in the spring.

Between January and August this year, over 6,500 companies went bankrupt, while almost 6,150 were started. Companies in the construction, trade, hotel, and restaurant industries are the most vulnerable.

TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Pilot Strike – Finnair Cancels 300 Flights
1 MIN READ

Pilot Strike – Finnair Cancels 300 Flights

Billions at stake in Northvolt's crisis
2 MIN READ

Billions at stake in Northvolt's crisis

German industry leader warns of new energy crisis
1 MIN READ

German industry leader warns of new energy crisis

The new ISK tax is decided
3 MIN READ

The new ISK tax is decided

Amazon doubles investment in AI company
1 MIN READ

Amazon doubles investment in AI company

Trump nominates billionaire to finance minister
3 MIN READ

Trump nominates billionaire to finance minister

Cheerful on Wall Street – bitcoin nears dream limit
2 MIN READ

Cheerful on Wall Street – bitcoin nears dream limit

Northvolt to Apply for Swedish Reconstruction as Well
2 MIN READ

Northvolt to Apply for Swedish Reconstruction as Well

Billion Fines for Unreasonable Fees on Air Travel
1 MIN READ

Billion Fines for Unreasonable Fees on Air Travel

Bosch reduces workforce by 5,500
1 MIN READ

Bosch reduces workforce by 5,500

Northvolt's CEO sold shares for hundreds of millions
1 MIN READ

Northvolt's CEO sold shares for hundreds of millions

Clothing Chain Rises on the Stock Exchange After Sales Forecast
1 MIN READ

Clothing Chain Rises on the Stock Exchange After Sales Forecast

Seven disputed taxes that can save the planet
3 MIN READ

Seven disputed taxes that can save the planet

Visa facilitation to boost China's tourism
1 MIN READ

Visa facilitation to boost China's tourism

The Stockholm Stock Exchange closed the week on a bright note
2 MIN READ

The Stockholm Stock Exchange closed the week on a bright note

Japanese households receive part of billion package
1 MIN READ

Japanese households receive part of billion package

Airline Launches Thailand Route from Arlanda
1 MIN READ

Airline Launches Thailand Route from Arlanda

Slight increase in apartment building
1 MIN READ

Slight increase in apartment building

Northvolt's CEO is leaving: Should have slammed on the brakes
3 MIN READ

Northvolt's CEO is leaving: Should have slammed on the brakes

Strike hits French Cognac
1 MIN READ

Strike hits French Cognac