PwC: Leisure sector hit hard

City A.M. Reporter
THE HOSPITALITY and leisure industry continues to suffer from economic slump and the squeeze on UK consumers, said PwC.

Across the country, 332 hospitality and leisure companies became insolvent in the second quarter of 2012, worse than many other sectors.

“London alone has seen 432 restaurant insolvencies since quarter three 2010,” said a report issued by the consultancy yesterday.