Competition as a Critical Factor of the Strategic Planning of Hotel Businesses

Sotirios Varela^* and Nikolaos Georgopoulos

University of Piraeus, Department of Business Administration , M. Karaoli & A. Dimitriou 80, Piraeus, Greece

*Corresponding Author : Dr. Varelas Sotirios
University of Piraeus, Department of Business Administration, M. Karaoli & A. Dimitriou 80, Piraeus, Greece
Tel: 302104142000
E-mail: sotirisvarelas@gmail.com

Received: June 27, 2017 Accepted: August 02, 2017 Published: August 07, 2017

Citation: Varela S, Georgopoulos N (2017) Competition as a Critical Factor of the Strategic Planning of Hotel Businesses. J Tourism Res Hospitality 6:3. doi: 10.4172/2324-8807.1000172

The challenges which modern hotel businesses are called upon to address within a constantly changing globalized world, with rapid technological developments that dictate new corporate governance models, render the strategic analysis of competition necessary for their growth. This study views competition as one of the fundamental parameters when implementing holistic strategic management in a business, in an effort to give it a competitive edge, with special emphasis on how this is reflected on the business’s performance. Our study focuses on tourism businesses where competition and competitive forces attract special interest.