Question

 

What is Competitive Analysis? Discuss various strategic options an enterprise can adopt to counter its competitors.

06 Sep 2025
Answer :
Word Count : 1258
Competitive analysis is a systematic approach of evaluating the strengths and weaknesses of existing and potential competitors in the market. It enables businesses to identify market opportunities, understand industry trends, and assess the positioning of their products or services relative to others. Within tourism marketing, competitive analysis is particularly significant because tourism is a dynamic and highly competitive sector where customer preferences shift rapidly, and destinations compete not only with local rivals but also with global alternatives. By conducting competitive analysis, enterprises can gain valuable insights into pricing strategies, promotional techniques, distribution channels, brand positioning, and customer satisfaction levels of competing entities. This information allows them to anticipate competitors’ moves, adapt strategies, and maintain or improve their market share. One of the essential aspects of competitive analysis is recognizing the nature of competition in tourism. The industry is not only about competing destinations but also about competing attractions, airlines, hotels, travel agencies, and online platforms. For example, a beach destination in India competes not only with domestic coastal areas but also with international destinations such as Bali, Maldives, or Thailand. Similarly, a hotel in Goa competes with other local hotels, homestays, and online travel platforms offering bundled packages. Therefore, an enterprise must analyze competition on multiple fronts—price, service quality, ______ ___ ____ _______ _____ __________ ________ _____.
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