From creditorwatch.com.au: The April Business Risk Index from CreditorWatch indicates that while insolvencies remain high, they have plateaued, with 9.6% of hospitality businesses closing in the past year.

The report highlights the pressure on the hospitality sector from rising operating costs and reduced consumer demand, exacerbated by cost-of-living issues.

Despite the challenges, interest rate cuts and government support measures have the potential to improve conditions for businesses in the coming months.