Indonesian Hotels’ Dynamic Capability under the Risks of COVID-19
The effects of COVID-19 on tourism are irreversible, with potential reductions in income, job losses, shifting working landscapes, and visible health-related fears. These adversities are reinforced in the hospitality business, particularly for hotels, the income streams of which rely on individual m...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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MDPI AG
2021-11-01
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| Series: | Risks |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2227-9091/9/11/194 |
| _version_ | 1797508537022152704 |
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| author | Muhammad Yunus Amar Alim Syariati Ridwan Ridwan Rika Dwi Ayu Parmitasari |
| author_facet | Muhammad Yunus Amar Alim Syariati Ridwan Ridwan Rika Dwi Ayu Parmitasari |
| author_sort | Muhammad Yunus Amar |
| collection | DOAJ |
| description | The effects of COVID-19 on tourism are irreversible, with potential reductions in income, job losses, shifting working landscapes, and visible health-related fears. These adversities are reinforced in the hospitality business, particularly for hotels, the income streams of which rely on individual movements. This study investigates the process undertaken by the hotel industry in Indonesia to face the current challenges, particularly in terms of the dynamic capabilities possessed by hotel businesses. This construct discusses the potentiality of maximizing existing resources and its impact on innovation norms to leverage hotel dynamics. A total of 329 hotel managers responded to the survey, and the data were finalized by employing PLS-SEM. The findings primarily support the hypothesized direct relationships, but refute the presence of indirect relationships. The results amplify how past investments in sustainable resources are easily deployed assets during COVID-19 and create a welcoming environment for dynamic innovation among hotels during periods of change. |
| first_indexed | 2024-03-10T05:05:19Z |
| format | Article |
| id | doaj.art-bc2c782c2ffa4cb18971ef3bcb5eea09 |
| institution | Directory Open Access Journal |
| issn | 2227-9091 |
| language | English |
| last_indexed | 2024-03-10T05:05:19Z |
| publishDate | 2021-11-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Risks |
| spelling | doaj.art-bc2c782c2ffa4cb18971ef3bcb5eea092023-11-23T01:22:44ZengMDPI AGRisks2227-90912021-11-0191119410.3390/risks9110194Indonesian Hotels’ Dynamic Capability under the Risks of COVID-19Muhammad Yunus Amar0Alim Syariati1Ridwan Ridwan2Rika Dwi Ayu Parmitasari3Management Department, Universitas Hasanuddin, Makassar 90245, IndonesiaManagement Department, Universitas Islam Negeri Alauddin Makassar, Gowa 92118, IndonesiaEconomics Department, Universitas Janabadra, Yogyakarta 55271, IndonesiaManagement Department, Universitas Islam Negeri Alauddin Makassar, Gowa 92118, IndonesiaThe effects of COVID-19 on tourism are irreversible, with potential reductions in income, job losses, shifting working landscapes, and visible health-related fears. These adversities are reinforced in the hospitality business, particularly for hotels, the income streams of which rely on individual movements. This study investigates the process undertaken by the hotel industry in Indonesia to face the current challenges, particularly in terms of the dynamic capabilities possessed by hotel businesses. This construct discusses the potentiality of maximizing existing resources and its impact on innovation norms to leverage hotel dynamics. A total of 329 hotel managers responded to the survey, and the data were finalized by employing PLS-SEM. The findings primarily support the hypothesized direct relationships, but refute the presence of indirect relationships. The results amplify how past investments in sustainable resources are easily deployed assets during COVID-19 and create a welcoming environment for dynamic innovation among hotels during periods of change.https://www.mdpi.com/2227-9091/9/11/194dynamic capabilityexisting resourcesinnovation normshotelstrategyIndonesia |
| spellingShingle | Muhammad Yunus Amar Alim Syariati Ridwan Ridwan Rika Dwi Ayu Parmitasari Indonesian Hotels’ Dynamic Capability under the Risks of COVID-19 Risks dynamic capability existing resources innovation norms hotel strategy Indonesia |
| title | Indonesian Hotels’ Dynamic Capability under the Risks of COVID-19 |
| title_full | Indonesian Hotels’ Dynamic Capability under the Risks of COVID-19 |
| title_fullStr | Indonesian Hotels’ Dynamic Capability under the Risks of COVID-19 |
| title_full_unstemmed | Indonesian Hotels’ Dynamic Capability under the Risks of COVID-19 |
| title_short | Indonesian Hotels’ Dynamic Capability under the Risks of COVID-19 |
| title_sort | indonesian hotels dynamic capability under the risks of covid 19 |
| topic | dynamic capability existing resources innovation norms hotel strategy Indonesia |
| url | https://www.mdpi.com/2227-9091/9/11/194 |
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