In a survey conducted among hospitality businesses in Australia in 2021, around 55 percent of those surveyed expected their company to still be in operation in five years time. In comparison, around 10 percent of participants indicated that they believed that they would no longer be operating in five years.
Expectation of own business operating in five years among hospitality businesses in Australia in 2021
Characteristic
Share of respondents
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Griffith University. (August 27, 2021). Expectation of own business operating in five years among hospitality businesses in Australia in 2021 [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1370845/australia-likelihood-of-hospitality-businesses-operating-in-five-years/
Griffith University. "Expectation of own business operating in five years among hospitality businesses in Australia in 2021 ." Chart. August 27, 2021. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1370845/australia-likelihood-of-hospitality-businesses-operating-in-five-years/
Griffith University. (2021). Expectation of own business operating in five years among hospitality businesses in Australia in 2021 . Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1370845/australia-likelihood-of-hospitality-businesses-operating-in-five-years/
Griffith University. "Expectation of Own Business Operating in Five Years among Hospitality Businesses in Australia in 2021 ." Statista, Statista Inc., 27 Aug 2021, https://www.statista.com/statistics/1370845/australia-likelihood-of-hospitality-businesses-operating-in-five-years/
Griffith University, Expectation of own business operating in five years among hospitality businesses in Australia in 2021 Statista, https://www.statista.com/statistics/1370845/australia-likelihood-of-hospitality-businesses-operating-in-five-years/ (last visited August 24, 2024)
Expectation of own business operating in five years among hospitality businesses in Australia in 2021 [Graph], Griffith University, August 27, 2021. [Online]. Available: https://www.statista.com/statistics/1370845/australia-likelihood-of-hospitality-businesses-operating-in-five-years/