Applied strategic management by managers in the hotel and tourism industry in Cyprus and Greece during the COVID-19 pandemic Online publication date: Mon, 14-Nov-2022
by Marcos Komodromos; Sameh Abadir; Baker Ahmad Alserhan; Daphne Halkias
J. for International Business and Entrepreneurship Development (JIBED), Vol. 14, No. 3, 2022
Abstract: This qualitative study was conducted to help combat the adverse effects of the COVID-19 pandemic. The purpose of the study was to offer practical and tactical strategies for navigating the uncertainty and risk prevalent in today's post-pandemic business environment in the hotel and tourism industry in Cyprus and Greece. Preliminary forecasts indicated that the tourism and hotel sector's revenues would drop by 20% to 25% compared to 2019, amounting to four or five billion euros in losses. Data were collected from 32 hotel managers in Cyprus and Greece using a four-item web-based interview tool. It was identified that most SMEs encountered a reduction in sales and customer flow and an increase in the unemployment rate due to the COVID-19 pandemic. The managers proposed adopting business strategies and diversifications to generate sales from different sectors of the hotel business to aid in keeping the business afloat in case of a future crisis.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the J. for International Business and Entrepreneurship Development (JIBED):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook