With a clutch of appointments into the sector in recent months, insolvency firm McGrathNicol is cautioning about growing stress in WAs hospitality industry.
The combination of WAs softer post-resources boom economy, cautious consumers and stay-at-home drinkers tapping the local bottle shop for cheaper liquor means some pubs, bars and nightclubs are finding it tougher to turn a profit.
McGrathNicols Perth office is handling several administration and receivership appointments in hospitality, including the Tambrey and Karratha taverns in Karratha, and more recently, the Matisse Beach Club in Scarborough.
While interruptions from the red…
Read the full article at: https://thewest.com.au/business/economy/hospitality-sector-hit-by-a-wave-of-administrations-as-it-grapples-with-the-post-boom-economy-and-stay-at-home-drinkers-ng-b88532317z