New Zealand Hospitality Sector Faces Severe Insolvency Crisis

A year-long downturn has forced approximately 3,000 hospitality businesses in New Zealand to close, with the sector's insolvency rate now running more than three times higher than the national average.

31 Aug, 18:18 — 31 Aug, 18:18

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rnzHigh2d ago

Last call: 3000 hospitality businesses gone in a year as business feels the crunch

Hospitality's insolvency rate is 3.3 times that of the average New Zealand business.

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New Zealand Hospitality Sector Faces Severe Insolvency Crisis

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Last call: 3000 hospitality businesses gone in a year as business feels the crunch

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