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

Author

Listed:
  • Celeste Varum
  • Mariasole Bannò

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.

Suggested Citation

  • Celeste Varum & Mariasole Bannò, 2019. "Competitive landscape: are tourism sectors different? Why does it matter?," Revue d'économie industrielle, De Boeck Université, vol. 0(1), pages 9-39.
    • Handle: RePEc:cai:reidbu:rei_165_0009
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