UK hospitality small and medium enterprise (SME) with growth plans Q1 2011 to Q2 2019

This statistic shows 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 second quarter 2019. 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 2nd quarter 2019*

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Source

Release date

2019

Region

United Kingdom

Survey time period

4th quarter 2011 to 2nd quarter 2019

Number of respondents

4,500 respondents

Special properties

SME

Method of interview

Face-to-face interview

Supplementary notes

*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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Statistics on "Small and medium enterprises (SME) in the UK"

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