Bankruptcies of lodging companies reduced by 40% in Japan for the first seven months of 2021

Tokyo Shoko Research reported that 49 lodging companies (debt of more than 10 million JPY) have bankrupted for the first seven months of 2021. The result was 37.9% fewer than a year ago, supported by a variety of governmental financial supports. 

The ratio of bankruptcies with debt of 500 million JPY or more accounted for 18.3% of the total, 14.6 lower points than a year ago, while the ratio of bankruptcies with debt of 100 million JPY or less was up to 36.7% from 29.1% a year ago. 

東京商工リサーチ:発表資料より

In July only, six lodging companies were bankrupted, and the monthly results were smaller than a year ago for four months in a row. The total amount of debt was down 45.2% to 609 million JPY because all of them were small or micro-sized companies. 

Let us hear your VOICEPlease feel free to leave any comments or opinions.