According to research from accountancy firm Moore Stephens, more than 1,800 hotels in the UK have at least a 30% chance of going insolvent as a result of Brexit, although a weaker pound may encourage more tourists to visit the UK and tempt more Britons to take ‘staycations’.

This is because visitors are likely to focus on “key tourist hotspots”, leaving hotels in other less popular locations struggling, while increased food and beverage costs, the introduction of the Living Wage, Airbnb, a decline in business travel and the growth in online comparison websites are all putting further financial strain on smaller regional hotels.

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