UK small businesses urged to make the most of tourism as record-numbers of holiday-goers choose UK over foreign destinations

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Small business finance firm MCE advises UK small business owners to be equipped to get the maximum benefit from British holiday makers.

To make the most of tourism you need to be prepared and being prepared often requires spending money.

A recent survey has shown that 65% of the British public in 2013 spent their summer holiday in Britain compared to 40% in 2012.

As more people choose the UK over exotic destinations, small businesses are being urged to make sure they are fully equipped to get the most out of the holidaymakers, whether they’re summer or winter visitors.

The poll by Travelsupermarket was based on 5,256 online interviews with British holidaymakers aged 18 and over regarding their 2012 holidays and their proposed trips for 2013.

With more holiday goers staying in the UK this year the amount of money due to be spent on local tourism is set to rise, so small business owners, especially those in the hospitality trade, should make sure they’re prepared to take advantage.

New premises, restocking and refurbishments are just some of the ways that SMEs can ensure they are better equipped.

However according to a survey by the Travelodge, 33% of holiday makers book their UK trips online. This is because it gives users the chance to design breaks to suit their needs and allows them to read reviews left by previous travellers.

As a small business it may be time to create a search engine optimisation strategy to increase visibility to potential online customers.

But sometimes making sure a small business is fully equipped requires investment and that’s where alternative and flexible forms of finance, like the Business Cash Advance product offered by Merchant Cash Express (MCE), come in.

Paul Mildenstein, Managing Director of MCE, said: “To make the most of tourism you need to be prepared and being prepared often requires spending money. That’s not easy as it’s becoming increasingly difficult to get money from the traditional high street sources.

“We were the first business in the UK to offer businesses a ‘cash advance’ which provides a refreshingly simple way for companies to access the investment money they need to grow their business.

"It’s quick and easy to apply and companies pay back a percentage of their card takings, so it’s really friendly on cash flow. No other borrowing instrument or loan product is this flexible.

“You can spend the money how you want without the need for a complicated business plan with piles of paperwork. This makes a Business Cash Advance far more flexible than other forms of finance.”

To find out more about Business Cash Advance, click here.

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Deborah Mudway
since: 03/2012
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