Cost Competitiveness and Structural Changes of The Hospitality Sector in Europe

English

Abstract

We investigated 120 hotels in 5 European countries to collect data for the 2010-2020 time period. The cost of labor and human capital is an important indicator of the competitiveness of the hospitality industry. We analyze human capital from work or performance. We use the Input-Output to measure performance.Based on the results of the regression and analysis, it can be seen that from 5 countries there are centers of tourism and high hospitality competitiveness, namely France and Spain. This difference in competitiveness affects the occupation of the hotel and the performance of the hotel business. The labor factor also follows based on the center of tourist attraction in 5 countries.