Independent insolvency firm Begbies Traynor said it had recorded falling levels of financial distress in the wake of the June vote to leave the EU.
An ensuing weakening of the pound against both the euro and the dollar means a visit to the UK by overseas tourists is now considerably cheaper.
This has had a positive impact on businesses in the sector with companies reporting significant financial distress in Q2 2016 in the hotel and accommodation sector falling 4% to 3,382 companies, a 3% drop in the leisure and cultural acitivities sector to 5,464 and a 4% drop in the travel and tourism sector to 3,791 companies.
