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Vol. 43 No. 77 (2024)

Economic policy

Adaptation Strategies of the Colombian Hotel Industry During the Pandemic

https://doi.org/10.19053/uptc.01203053.v43.n77.2024.16500

Published 2024-02-29

  • Diego Alejandro López Cadavid
    • ,
  • Jorge Aníbal Restrepo Morales
    • ,
  • Juan Gabriel Vanegas López
    • ,
  • Maria Alexandra Arango Mesa

Diego Alejandro López Cadavid
Antioquia Institute of Technology image/svg+xml

Jorge Aníbal Restrepo Morales
Antioquia Institute of Technology image/svg+xml

Juan Gabriel Vanegas López
Antioquia Institute of Technology image/svg+xml

Maria Alexandra Arango Mesa
Antioquia Institute of Technology image/svg+xml

Abstract

Different aspects related to business dynamics motivate the design and execution of strategies. In the case of the Colombian hospitality industry, the recent price regulation, the emergence of disruptive technologies, and events affecting public health demonstrate the need to outline appropriate tactics that lead to an adequate contextualized implementation. This study proposes an Analytic Hierarchy Process (AHP) model to evaluate the set of tactics and strategies most applicable to these current situation alternatives faced by hoteliers in the city of Medellin. The results of the evaluation indicate that intensive, generic business and defensive strategies are the most preferred. In addition, as expected, the results suggest that the pandemic has the greatest weight and should therefore be selected by hotel companies as the priority alternative on which to focus their strategies.

Keywords

prices, Colombia, crisis management, business strategy , COVID-19 pandemic , Digital technology

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