Bankruptcy of travel industry, no August

Bankruptcy of travel industry, no August

According to Teikoku Databank, there were no bankruptcies in the travel industry (legal liquidation of liabilities of 10 million yen or more) in August this year.

The cumulative number of cases since January is 12, a decrease of 9 cases (42.9% decrease) compared to the same period of the previous year. Total liabilities decreased by 2.1% year on year to 1,664 million yen.

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