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Financing Profile: Small and Medium-Sized Enterprises in Tourism Industries
Size and location
The majority of tourism small and medium-sized enterprises were small (less than 100 employees)
The majority (99 percent) of SMEs in tourism industries were considered small (fewer than 100 employees). Figure 2 demonstrates that SMEs in tourism industries were less likely to be micro-businesses (fewer than 5 employees) compared with SMEs in non-tourism industries, (62 percent versus 81 percent) but were more likely to employ 5 or more workers (38 percent versus 18 percent).Figure 2
Distribution of Small and Medium-Sized Enterprises in Tourism Industries by Size, 2007*
Distribution of Small and Medium-Sized Enterprises in Tourism Industries by Size, 2007*
[Description of Figure 2]* Bold values denote statistically significant difference at 5 percent.
Source: Statistics Canada, Survey on Financing of Small and Medium Enterprises, 2007.
The regional distribution of SMEs in tourism industries is fairly proportional to the distribution of all SMEs across Canada. SMEs in tourism industries were located in every region of the country but were primarily concentrated in Ontario (39 percent) and Quebec (25 percent). In Quebec, the concentration of SMEs in tourism industries was much higher than the concentration of SMEs in non-tourism industries in 2007. On the other hand, in the Prairies, the concentration of SMEs in tourism industries was much lower than the concentration of SMEs in non-tourism industries (see Figure 3).
Figure 3
Regional Distribution of Small and Medium-Sized Enterprises in Tourism Industries, 2007*
Regional Distribution of Small and Medium-Sized Enterprises in Tourism Industries, 2007*
[Description of Figure 3]* Bold values denote statistically significant difference at 5 percent.
Distribution for the Territories and Nunavut are not available due to low frequency of response.
Source: Statistics Canada, Survey on Financing of Small and Medium Enterprises, 2007.
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