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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

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