Characteristics and goals of family and owner-operated businesses in the rural tourism and hospitality sectors

Abstract

This research examines goals pertaining to start-up, operations, the family, and ultimate disposition of the enterprise by family and owner-operated businesses in the rural tourism and hospitality sectors. The sample is from a survey in rural Western Australia. A large majority of respondents were from middle-aged couples, new to the business, with strong motivation to live and work in the countryside. Lifestyle and family-related goals were predominant, but there was also recognition that the business had to be profitable. Most respondents were uncertain about the ultimate disposition of their business; only about one-third had definite succession plans to involve children or other family members. Implications are drawn for business and destination development.