CONCENTRATION IN THE GREEK HOTEL INDUSTRY

Abstract

This paper applies the -firm concentration ratio and the Herfindahl-Hirschman Index to Greek hotel industry. The results indicate that the concentration of the industry is quite low not only for the total market but also for the separate markets of the different stars categories. Moreover, it is found that there is a significant difference between the results obtained for the highest categories and those for the lowest categories, the latter displaying much lower concentration. Since the level of concentration in an industry is an important factor of the market structure, the economic policy implications of the findings of this paper would be of some importance for the relevant authorities.