Citation
(2004), "Two week stay?", International Journal of Productivity and Performance Management, Vol. 53 No. 2. https://doi.org/10.1108/ijppm.2004.07953bab.008
Publisher
:Emerald Group Publishing Limited
Copyright © 2004, Emerald Group Publishing Limited
Two week stay?
One in eight UK hospitality businesses close down every year, making it one of the hardest sectors in which to start a successful new enterprise. Despite this, hospitality remains one of the most popular sectors for entrepreneurs to start a new business. The UK has seen start-up hotels and restaurants outnumber shut-downs by up to 25 per cent in recent years. They are attracted by the £75.9 billion of revenue generated by the UK hospitality sector in 2002, but ignore one of the highest business failure rates of any industry in the country. AXA has launched a free Business Survival Blueprint to help aspiring hospitality entrepreneurs buck this trend towards business failure. The blueprint, available at: www.axa4business.co.uk/, developed in conjunction with the Hotel and Leisure Best Practice Forum, is the first in a series designed to help boost survival rates among the UK’s fledgling businesses.