  The objective of this work is to assess the influence of certain factors on
the likelihood of being a Hotels and Restaurants (H&R) entrepreneur. The
factors evaluated are demographic and economic variables, variables related to
perceptions of the environment and personal traits, and variables measuring the
individual's intellectual and social capital. The work uses logistic regression
techniques to analyze a sample of 33,711 individuals in the countries
participating in the GEM project in 2008. The findings show that age, gender,
income, perception of opportunities, fear of failure, entrepreneurial ability,
knowing other entrepreneurs and being a business angel are explanatory factors
of the probability of being an H&R entrepreneur.
