Bankruptcy Risk in the Restaurant and Hotel Industry Decreases

» Updated:

» Published:

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

Share this article

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.

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

More news

Tesla Stock Surges 3.6 Percent Boosting Wall Street Indexes

Tesla Stock Surges 3.6 Percent Boosting Wall Street Indexes

Trump Proposes Ending Quarterly Reports for Wall Street Companies

Trump Proposes Ending Quarterly Reports for Wall Street Companies

EU Regulators Seek Stricter Crypto Supervision by ESMA

EU Regulators Seek Stricter Crypto Supervision by ESMA

Elon Musk Buys $1 Billion in Tesla Shares, Boosting Stock by 7%

Elon Musk Buys $1 Billion in Tesla Shares, Boosting Stock by 7%

China Investigates Nvidia for Competition Law Violations

China Investigates Nvidia for Competition Law Violations

USA and China Agree on Tiktok Deal Framework

USA and China Agree on Tiktok Deal Framework

Black Soldier Fly Oil and Protein Developed for Animal Feed

Black Soldier Fly Oil and Protein Developed for Animal Feed

Basmati Rice Dispute Stalls EU-India Trade Agreement

Basmati Rice Dispute Stalls EU-India Trade Agreement

Gaming Companies Lead Gains in Slightly Rising Stockholm Stock Market

Gaming Companies Lead Gains in Slightly Rising Stockholm Stock Market

Sweden Construction Costs Rise 0.4% in August Amid Higher Electricity Prices

Sweden Construction Costs Rise 0.4% in August Amid Higher Electricity Prices

Swedes Report Decreased Satisfaction with Banks This Year

Swedes Report Decreased Satisfaction with Banks This Year

Fashion Trade Sales Rise for Third Consecutive Month

Fashion Trade Sales Rise for Third Consecutive Month

Powell's Rate Signal Influences Swedish Households Too

Powell's Rate Signal Influences Swedish Households Too

Asian Markets Rise Despite Weak China Data

Asian Markets Rise Despite Weak China Data

ANZ Bank Faces Record Fines for Bond Deal Misconduct

ANZ Bank Faces Record Fines for Bond Deal Misconduct

Trump Welcomes Foreign Investment and Workforce in the USA

Trump Welcomes Foreign Investment and Workforce in the USA

Government Boosts Support for Sweden's Regional Airports

Government Boosts Support for Sweden's Regional Airports

Klarna CEO: Embracing "Swedishness" as a Key Asset

Klarna CEO: Embracing "Swedishness" as a Key Asset

Handelsbanken Swish Payment Disruption Resolved

Handelsbanken Swish Payment Disruption Resolved

Government Proposes Increased Export Credit Guarantees for Swedish Companies

Government Proposes Increased Export Credit Guarantees for Swedish Companies