Business Confidence / Impact of the Economic Downturn on the Tourism Industry
Given the current economic downturn we have added a new section on the Market Intelligence pages to provide tourism businesses in the region data from surveys designed to measure the current trading environment.
List of Surveys
Follow the links below to jump to the survey you wish to see:
Tourism South East's Regional How's Business Monitor
The Institute of Chartered Accountants in England and Wales UK Business Confidence Monitor
South East Business Monitor: Survey of Business Owners and Senior Decision Makers
The Bowmark Entrepreneurs' Index
Tourism South East's Regional How's Business Monitor
Issue 25 of the Tourism South East How's Business Monitor Bulletin is now available covering January to December 2009.
The latest Monitor shows that on average, 42% of all businesses surveyed experienced better performance for the whole of 2009 compared with 2008 when 39% of businesses reported better overall performance.
Looking to 2010, 25% of those surveyed felt optimistic about the coming year and anticipate an overall increase in performance compared to 2009. Almost two thirds (62%) expect ‘no change’ to their performance while the remaining 13% predict their performance to worsen. This is better than the snapshot taken 12 months ago when, although slightly more businesses expected better overall performance (28% compared with 25%) just over a third (35%) expected worse overall performance in 2009 compared with only 13% for 2010.
To download the latest Bulletin please click on the link below:
Tourism South East's How's Business Monitor Issue No. 25
Previous Regional How's Business Monitor Bulletins
How's Business Bulletin Issue 24
How's Business Bulletin Issue 23
Special Credit Crunch Report March 09
How's Business Bulletin Issue 22
How's Business Bulletin Issue 21
How's Business Bulletin Issue 20
How's Business Bulletin Issue 19
How's Business Bulletin Issue 18
How's Business Bulletin Issue 17
How's Business Bulletin Issue 16
How's Business Bulletin Issue 15
How's Business Bulletin Issue 14
How's Business Bulletin Issue 13
How's Business Bulletin Issue 12
How's Business Bulletin Issue 11
How's Business Bulletin Issue 10
How's Business Bulletin Issue 9
How's Business Bulletin Issue 8
How's Business Bulletin Issue 7
How's Business Bulletin Issue 6
The Institute of Chartered Accountants in England and Wales UK Business Confidence Monitor
The latest ICAEW Business Confidence Monitor is now available covering the first quarter of 2010.
According to the most recent UK Business Confidence Monitor 52% of businesses in the South East are more confident about the year ahead than they were a year ago while 11% are less confident. The remaining 37% are as confident now as they were 12 months ago.
The Monitor also suggests that the South East regional economy – along with London and East England – is less reliant than others on the public sector and as a consequence will be relatively immune to the expected cutbacks in public spending.
To download the latest UK and South East Monitors please click on the links below:
ICAEW Business Confidence Monitor Quarter 1 2010 - UK
ICAEW Business Confidence Monitor Quarter 1 2010 - South East
To view further analysis for the South East region that has not been published in the latest report please click here.
Previous UK Business Confidence Monitor Reports
South East Business Monitor: Survey of Business Owners and Senior Decision Makers
The latest South East Monitor, produced by Business Link South East, is now available. The Hot Topic covered in this edition is 'Preparing for Recovery'.
The latest Monitor found that retail/tourism SMEs in the South East are the most confident about the prospects of the economy and their own sector compared to other sectors.
To download the latest South East Monitor please click on the link below:
Preparing for Recovery (January 2010)
The Bowmark Entrepreneurs' Index
The latest Entrepreneurs' Index, produced by private equity firm Bowmark Capital, is now available.
According to the Index, half of travel industry bosses anticipate a change in economic fortunes for the better during the second half of 2010. The Index showed that 50% of travel respondents believed an economic recovery would take place later this year, while 10% were more optimistic and predict the recovery to start at the beginning of this year. However, 30% said the upswing would not take hold until 2011, leaving a more downbeat 10% predicting 2012 onwards.
The Index also revealed that the travel sector had been one of the most resilient during the recession, with 15% reporting growth of 20% or more in the previous 12 months, 31% achieving between 11% and 20% and 23% attaining 1‐10% growth.
To download the latest Entrepreneurs' Index please click on the link below:
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Bowmark Entrepreneur's Index