This statistic presents the survival rate of new hospitality and tourism businesses in the United Kingdom (UK) from 2008 to 2011. Of 22,735 businesses opened 21,225 survived their first year, and 16,565 survived two years. 56 percent of new businesses in the UK survived the first 3 years.
Start-ups in the tourism industry: survival rate of new hospitality and tourism businesses in the United Kingdom (UK) from 2008 to 2011
Characteristic
Survival rate
3 year survival
56%
2 year survival
73%
1 year survival
93%
Created with Highcharts 7.2.2Survival rate93%93%73%73%56%56%1 year survival2 year survival3 year survival
0%20%40%60%80%100%120%
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People 1st. (January 3, 2013). Start-ups in the tourism industry: survival rate of new hospitality and tourism businesses in the United Kingdom (UK) from 2008 to 2011 [Graph]. In Statista. Retrieved January 20, 2025, from https://www.statista.com/statistics/299867/survival-rate-of-new-hospitality-and-tourism-businesses-in-the-united-kingdom/
People 1st. "Start-ups in the tourism industry: survival rate of new hospitality and tourism businesses in the United Kingdom (UK) from 2008 to 2011." Chart. January 3, 2013. Statista. Accessed January 20, 2025. https://www.statista.com/statistics/299867/survival-rate-of-new-hospitality-and-tourism-businesses-in-the-united-kingdom/
People 1st. (2013). Start-ups in the tourism industry: survival rate of new hospitality and tourism businesses in the United Kingdom (UK) from 2008 to 2011. Statista. Statista Inc.. Accessed: January 20, 2025. https://www.statista.com/statistics/299867/survival-rate-of-new-hospitality-and-tourism-businesses-in-the-united-kingdom/
People 1st. "Start-ups in The Tourism Industry: Survival Rate of New Hospitality and Tourism Businesses in The United Kingdom (Uk) from 2008 to 2011." Statista, Statista Inc., 3 Jan 2013, https://www.statista.com/statistics/299867/survival-rate-of-new-hospitality-and-tourism-businesses-in-the-united-kingdom/
People 1st, Start-ups in the tourism industry: survival rate of new hospitality and tourism businesses in the United Kingdom (UK) from 2008 to 2011 Statista, https://www.statista.com/statistics/299867/survival-rate-of-new-hospitality-and-tourism-businesses-in-the-united-kingdom/ (last visited January 20, 2025)
Start-ups in the tourism industry: survival rate of new hospitality and tourism businesses in the United Kingdom (UK) from 2008 to 2011 [Graph], People 1st, January 3, 2013. [Online]. Available: https://www.statista.com/statistics/299867/survival-rate-of-new-hospitality-and-tourism-businesses-in-the-united-kingdom/
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