Competitions in hospitality go up 24%

Procedures were raised to 395, second worst historical data Between January and June, despite the containment measures adopted by the Government to alleviate the effects of the pandemic, a total of 491 bankruptcy, figure a 24% higher than that registered in 1000, according to data from the report ‘Situation of the hospitality sector at the end of the first half of 2020 ‘, prepared by Axesor, when the bankruptcy proceedings were raised to 395 (second worst data ever). Also, in the first six months of this year 2021 the number of insolvencies grew by 272% compared to the same period last year. On the other hand, in terms of entrepreneurship, although 5 were established. 067 new companies in the sector, the initial capital subscribed was only 72, 8 million euros, which is the fourth lowest volume since the historical record- Regarding investment, the analysis does not show either good data.

In the first six months of this year of 2021, the companies in the sector increased capital by 261, 09 million euros, figure one 14, 17% lower than 2020 (304, 19 million euros) and more than half (55, 96%) less than the year 2019 (554, 99 millions of euros). The volume of increased capital was distributed among more businesses, 840 compared to 665 of 2020. A figure close to that of the year before the outbreak of the pandemic (898), which shows confidence.


1-Business – Wikipedia

What is meant by business?

A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. The term “business” also refers to the organized efforts and activities of individuals to produce and sell goods and services for profit.