‪Competitive landscape: are tourism sectors different? Why does it matter?‪

Celeste Varum and Mariasole Bannò ()

Revue d'économie industrielle, 2019, vol. n° 165, issue 1, 9-39

Abstract: ?This study advances empirical knowledge of tourism as an economic sector, from an economics and supply-side perspective. It studies the competitive landscape of tourism sectors in Portugal, based upon a rich, firm level database, of over 3,000,000 observations, over the period of nine years, from 2006 to 2014 (over 300,000 firms per year). The results show a lower level of concentration, and consequently a higher level of competition, just in some sectors of the tourism industry, hence the need to take into account sub-sector specificities when analysing a competitive landscape. The results for Portugal show that tourism as a sector may have contributed to the economic recovery from the financial crisis that began in 2008; but tourism growth should not blur the need to care for efficiency or financial soundness. ? Managerial and policy implications are derived from our research.

Keywords: competition; concentration; tourism; financial performance (search for similar items in EconPapers)
Date: 2019
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