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Financing Profile: Small and Medium-Sized Enterprises in Tourism Industries
Distribution by industry
Tourism businesses are distributed across five main industry groups: food and beverage services, recreation and entertainment, transportation, accommodation and travel services. In 2007, 8 percent of the estimated 2 million employer and non-employer SMEs in Canada operated in one of these tourism industries. As illustrated in Figure 1, the majority of SMEs in tourism industries operated in the food and beverage services industry (47 percent) followed by the recreation and entertainment industry (24 percent). Accommodation represented 14 percent of SMEs in tourism industries, transportation accounted for 11 percent, while travel services made up 3 percent.
Figure 1
Distribution of Small and Medium-Sized Enterprises in Tourism Industries, 2007
Distribution of Small and Medium-Sized Enterprises in Tourism Industries, 2007
[Description of Figure 1]Source: Statistics Canada, Survey on Financing of Small and Medium Enterprises, 2007.
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