Data on the share of small and medium enterprises (SME) in the hospitality sector with growth plans for the next 12 months in the United Kingdom (UK) from fourth quarter 2011 to the fourth quarter 2020 shows that the peak of the period was in third quarter 2013, when 53 percent of hospitality sector SMEs stated that they planned to grow in the following 12 months.
Percentage of small and medium enterprises (SME) in the hospitality sector with growth plans for the next 12 months in the United Kingdom (UK) from 4th quarter 2011 to 4th quarter 2020*
*The respondent was the person in charge of managing the business’s finances. Data was collected via interview. Respondents were asked: "Which of the following do you feel describes your plans for the business over the next year?"
Respondents were then given four options:
- Grow substantially
- Grow moderately
- Stay the same size
- Become smaller
- Plan to sell/pass on/close
This statistic shows the share of those who responded with either 'grow substantially' or 'grow moderately'.
Hotels and restaurants.
In order to qualify for interview, SMEs had to meet the following criteria in addition to the quotas by size, sector and region: Not 50%+ owned by another company Not run as a social enterprise or as a not for profit organisation Turnover of less than £25m
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BDRC Continental. (September 19, 2020). Percentage of small and medium enterprises (SME) in the hospitality sector with growth plans for the next 12 months in the United Kingdom (UK) from 4th quarter 2011 to 4th quarter 2020* [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/291563/uk-hospitality-sme-small-and-medium-enterprises-with-growth-plans/
BDRC Continental. "Percentage of small and medium enterprises (SME) in the hospitality sector with growth plans for the next 12 months in the United Kingdom (UK) from 4th quarter 2011 to 4th quarter 2020*." Chart. September 19, 2020. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/291563/uk-hospitality-sme-small-and-medium-enterprises-with-growth-plans/
BDRC Continental. (2020). Percentage of small and medium enterprises (SME) in the hospitality sector with growth plans for the next 12 months in the United Kingdom (UK) from 4th quarter 2011 to 4th quarter 2020*. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/291563/uk-hospitality-sme-small-and-medium-enterprises-with-growth-plans/
BDRC Continental. "Percentage of Small and Medium Enterprises (Sme) in The Hospitality Sector with Growth Plans for The next 12 Months in The United Kingdom (Uk) from 4th Quarter 2011 to 4th Quarter 2020*." Statista, Statista Inc., 19 Sep 2020, https://www.statista.com/statistics/291563/uk-hospitality-sme-small-and-medium-enterprises-with-growth-plans/
BDRC Continental, Percentage of small and medium enterprises (SME) in the hospitality sector with growth plans for the next 12 months in the United Kingdom (UK) from 4th quarter 2011 to 4th quarter 2020* Statista, https://www.statista.com/statistics/291563/uk-hospitality-sme-small-and-medium-enterprises-with-growth-plans/ (last visited July 22, 2024)
Percentage of small and medium enterprises (SME) in the hospitality sector with growth plans for the next 12 months in the United Kingdom (UK) from 4th quarter 2011 to 4th quarter 2020* [Graph], BDRC Continental, September 19, 2020. [Online]. Available: https://www.statista.com/statistics/291563/uk-hospitality-sme-small-and-medium-enterprises-with-growth-plans/
