“…Environmental factors related to survival include geographical location (Lado-Sestayo et al , 2016; Leoni, 2020), level of market competition (Falk, 2013), seasonality (Vivel-Búa et al , 2019) and economic recessions and other macro-economic factors. In comparison, the factors that influence firm survival both in the tourism-hospitality industry and other industries include firm size (Gemar et al , 2019; Resende et al , 2016), age (Esteve-Pérez et al , 2018), cost structure (Gemar et al , 2019; Atmadji, 2012) and technology adoption (Falk, 2013; Jamali et al , 2015). The unique factors related to firm survival in the two groups are summarized in Table 1.…”