Hospitality industry

Would the business still exist today?

BBC Radio 5 Live

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There's lots of talk about the use of CVA's - company voluntary arrangements, which allow businesses to stave off creditors and keep trading. it usually requires landlords to take cuts in rents.

Hotel chain Travelodge embarked on one in 2012 and its chief executive Peter Gowers told Wake Up To Money that some of its landlords had eventually received higher rates as the business had performed well.

For the wider retailer sector, he says, there is a question to be asked.

"If this business didn't exist today would you still invent it?

"If you would, then a CVA can be a really useful tool to get it back on the right footing. If not, you might then just be putting off the inevitable."

Angela Vickers

Andrew Black

Business presenter, BBC Good Morning Scotland

The boss of the Apex Hotel group raises concerns about staffing issues as well as food and drink supplies.

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