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Predictive potential of the bankruptcy global models in the tourism industry 旅游业破产全球模型的预测潜力
IF 2.2 Q2 Business, Management and Accounting Pub Date : 2021-10-31 DOI: 10.18089/tms.2021.170402
Agustín Del Castillo García, Sergio Manuel Fernández Miguélez
The globalisation process and the recent economic crises have increased the development of models to identify the factors related to business bankruptcy. The tourism industry is not immune to this concern, and in the previous literature, bankruptcy prediction models are generally focused on hotels or restaurants. However, there are no experiences of global models for tourism companies. This study develops a global bankruptcy prediction model capable of predicting any activities carried out in the tourism industry with high precision. To this end, a sample of 406 Spanish companies that have developed their activity in three tourism industry sectors (hotels, restaurants, and travel agencies) in the period 2017-2019 has been used. This sample includes bankrupt and non-bankrupt corporations and has allowed the comparison between a global model and various focused models applying artificial neural network techniques. The results have confirmed the superiority of the global model and provide different sample selection and cost minimisation solutions for bankruptcy prediction modelling in the tourism industry
全球化进程和最近的经济危机增加了识别企业破产相关因素的模型的开发。旅游业也不能免受这种担忧的影响,在以前的文献中,破产预测模型通常侧重于酒店或餐馆。然而,旅游公司还没有全球模式的经验。本研究开发了一个全球破产预测模型,能够高精度预测旅游业的任何活动。为此,使用了2017-2019年期间在三个旅游业部门(酒店、餐馆和旅行社)开展活动的406家西班牙公司的样本。该样本包括破产和未破产的公司,并允许在全局模型和应用人工神经网络技术的各种重点模型之间进行比较。研究结果证实了全球模型的优越性,并为旅游业破产预测模型提供了不同的样本选择和成本最小化解决方案
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引用次数: 1
Territorial dimension in the internationalization of tourism destinations: Structuring factors in the post-COVID19 旅游目的地国际化的地域维度:后covid - 19时代的结构性因素
IF 2.2 Q2 Business, Management and Accounting Pub Date : 2021-10-31 DOI: 10.18089/tms.2021.170403
Maria do Rosário Campos Mira, Lisete S. Mónico, Z. Breda
This study presents an empirical validation of a scale designed to measure the territorial factors which contribute to the internationalisation of tourism destinations. It is part of a broader investigation in which the dimensions and factors of tourism destinations’ internationalisation were identified, strengthening a systemic perspective of tourism: ‘territory’, ‘product’, ‘governance’ and ‘DMOs’. Here we present the psychometric properties of the items that operationalise the 'territorial' dimension. The questionnaire was administered to 470 Portuguese DMO with responsibilities in the areas of tourism and local or regional development. The scale items were submitted to content, reliability and construct validations through exploratory (principal component analysis) and confirmatory factor analysis (first and second-order factor structures). The data sustain a factor structure composed of the factors ‘resources’, ‘economic activity’, and ‘borders’. The relationship between political options of destinations’ internationalisation and territories’ geographical, cultural and economic characteristics were determined. This relationship forms the foundation of tourism in times of crisis, such as we are currently experiencing.
本研究对旨在衡量有助于旅游目的地国际化的地域因素的量表进行了实证验证。这是一项更广泛调查的一部分,该调查确定了旅游目的地国际化的维度和因素,加强了旅游业的系统视角:“领土”、“产品”、“治理”和“DMO”。在这里,我们展示了操作“领土”维度的项目的心理测量特性。向470名负责旅游业和地方或区域发展领域的葡萄牙DMO发放了问卷。量表项目通过探索性(主成分分析)和验证性因素分析(一阶和二阶因素结构)进行内容、可靠性和结构验证。数据支持由“资源”、“经济活动”和“边界”因素组成的因素结构。确定了目的地国际化的政治选择与领土的地理、文化和经济特征之间的关系。这种关系构成了我们目前所经历的危机时期旅游业的基础。
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引用次数: 4
Investigating the antecedents of innovative behaviors in the hotel industry of Turkey 调查土耳其酒店业创新行为的前因
IF 2.2 Q2 Business, Management and Accounting Pub Date : 2021-10-31 DOI: 10.18089/tms.2021.170404
Sima Rahimizhian, Foad Irani
The growing focus on the benefits of innovative approaches to gain competitive advantages has inspired studies on the emergence of leadership styles that encourage employees to engage in innovative behaviors. This study examines the relationships between constructive leadership and employees' innovative behavior through the safety climate and employees' proactive behavior within the hospitality context. This paper considers constructive leaders as optimistic managers who regulate desired organizational outcomes with a genuine focus on the highest gains of employees and the organization. The person-environment fit (P–E fit) theory evaluated prominent organizational factors driving employees' innovative behavior. Two hundred seventy-two valid surveys were obtained among full-time employees of green hotels operating in Turkey. The proposed mediation model was analyzed using partial least squares structural equation modelling. According to the results, full-time employees of green Turkish hotels demonstrated improved, innovative behaviors at work, while a safe climate was paired with proactive behavior under constructive leadership supervision. The theoretical and managerial implications of findings, as well as recommendations for future research, are addressed.
越来越多的人关注创新方法获得竞争优势的好处,这激发了人们对鼓励员工从事创新行为的领导风格的研究。本研究通过安全氛围和员工主动行为考察了酒店环境下建设性领导与员工创新行为之间的关系。本文认为建设性领导者是乐观的管理者,他们调节期望的组织结果,真正关注员工和组织的最高收益。人-环境契合度(P-E契合)理论评价了驱动员工创新行为的重要组织因素。在土耳其经营绿色酒店的全职员工中获得了272份有效调查。采用偏最小二乘结构方程模型对中介模型进行了分析。结果显示,土耳其绿色酒店的全职员工在工作中表现出改进的创新行为,而安全的氛围与建设性领导监督下的主动行为相匹配。讨论了研究结果的理论和管理意义,以及对未来研究的建议。
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引用次数: 0
Mapping information systems maturity: the case of the portuguese hospitality industry 映射信息系统的成熟度:以葡萄牙酒店业为例
IF 2.2 Q2 Business, Management and Accounting Pub Date : 2021-10-31 DOI: 10.18089/tms.2021.170401
G. Sá, N. António
Hospitality is a highly competitive market that struggles to improve its performance. The use of technology is a critical factor for more efficient performance. To understand decision-makers' perception of information systems' influence and importance in their organisations, we conduct a case study in Portugal. The objective was to assess information systems' maturity level of independent hotels and small hotel chains, mapping the level to the hotel's characteristics. In addition, this study explores the types of systems used and hoteliers' main factors, drivers, and limitations to invest in information systems' maturity. We examined 86 companies, representing a total of 195 hotels. The analysis design was done following the Network Exploitation Capability (NEC) model. We found that, generally, hoteliers consider that their companies take more advantage of technology and information systems than they really do. These findings emphasise the importance of the use of technology in hospitality performance and the lack of knowledge that hoteliers have on the subject.
酒店业是一个竞争激烈的市场,很难提高其业绩。技术的使用是提高性能的关键因素。为了了解决策者对信息系统在其组织中的影响力和重要性的看法,我们在葡萄牙进行了一项案例研究。目的是评估独立酒店和小型连锁酒店的信息系统成熟度水平,将该水平映射到酒店的特征。此外,本研究还探讨了所使用的系统类型以及酒店经营者投资于信息系统成熟度的主要因素、驱动因素和局限性。我们调查了86家公司,共代表195家酒店。分析设计是按照网络开发能力(NEC)模型进行的。我们发现,一般来说,酒店经营者认为他们的公司比实际情况更能利用技术和信息系统。这些发现强调了技术在酒店业绩中的重要性,以及酒店经营者对这一主题缺乏了解。
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引用次数: 0
The impact of customer involvement in airline loyalty programs: a multigroup analysis 客户参与航空公司忠诚度计划的影响:多群体分析
IF 2.2 Q2 Business, Management and Accounting Pub Date : 2021-07-31 DOI: 10.18089/tms.2021.170303
P. F. Limberger, Lucimari Acosta Pereira, T. Pereira
Loyalty programs (LPs) have been considered a key determining factor for the performance of many companies. Although the benefits, satisfaction, perceived functional value (PFV), and loyalty (BSPfvL) have been widely explored, few studies have attempted to compare the results of this model in different groups of consumers. This study aims to analyze the relationships for varying levels of user involvement in airline loyalty programs. The population of this study was individual members of airway loyalty programs in Brazil. We obtained 429 answered questionnaires. We used multi-group analysis (MGA) using Partial least squares structural equation modeling (PLS-SEM). The results of this study indicate the mediation effect of satisfaction and perceived value and moderation of consumer involvement. A difference was identified between the two groups regarding hedonic benefits, satisfaction, and loyalty. This research has successfully contributed to the airline industry regarding the importance of loyalty benefits. Additionally, it highlights the importance of establishing consumers’ involvement in company loyalty programs. Finally, this study provides practical and theoretical contributions and guides future research efforts.
忠诚度计划(LP)被认为是许多公司业绩的关键决定因素。尽管利益、满意度、感知功能价值(PFV)和忠诚度(BSPfvL)已被广泛探索,但很少有研究试图在不同的消费者群体中比较该模型的结果。本研究旨在分析不同程度的用户参与航空公司忠诚度计划的关系。这项研究的对象是巴西航空忠诚项目的个体成员。我们获得了429份已回答的问卷。我们使用偏最小二乘结构方程建模(PLS-SEM)进行多组分析(MGA)。本研究的结果表明了满意度和感知价值的中介作用以及消费者参与的适度性。两组在享乐利益、满意度和忠诚度方面存在差异。这项研究成功地促进了航空业对忠诚度利益重要性的认识。此外,它还强调了建立消费者参与公司忠诚度计划的重要性。最后,本研究提供了实践和理论上的贡献,并指导了未来的研究工作。
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引用次数: 4
Environmental management and hotel profitability: operating performance matters 环境管理和酒店盈利能力:经营绩效问题
IF 2.2 Q2 Business, Management and Accounting Pub Date : 2021-07-31 DOI: 10.18089/tms.2021.170301
Alp Yenidoğan, Tugba Gurcaylilar-Yenidogan, Nilufer Tetik
While there is growing consensus on the benefits of going green, the relative benefits of revenue-enhancing and cost-cutting effects of environmental practices over performance have remained a more conservative and less explored phenomenon in corporate management studies. The present study investigates the two parallel mediation effects of cost-saving and revenue generation on profitability through environmental management practices. A bootstrap method is employed to make a statistical inference of the causal mediation effects. The data collected from the lodging industry in Antalya/Turkey revealed that the revenue-enhancing and cost-cutting effects of environmental participation have a positive impact on profitability, while no difference was identified in the strength of the indirect effects. In conclusion, the findings of this study indicate a complementary effect of cost reduction and revenue enhancement for green profit.
虽然越来越多的人同意走绿色道路的好处,但在公司管理研究中,环境做法增加收入和削减成本的效果相对于业绩的好处仍然是一个比较保守和较少探索的现象。本研究通过环境管理实践考察了成本节约和收入产生对盈利能力的两个平行中介效应。采用自举法对因果中介效应进行统计推断。从安塔利亚/土耳其的住宿行业收集的数据显示,环境参与增加收入和削减成本的影响对盈利能力有积极影响,而间接影响的强度没有差异。综上所述,本研究结果表明,降低成本和增加收入对绿色利润具有互补效应。
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引用次数: 12
Determinants of Portuguese banks' profitability: an update 葡萄牙银行盈利能力的决定因素:最新情况
IF 2.2 Q2 Business, Management and Accounting Pub Date : 2021-07-31 DOI: 10.18089/tms.2021.170305
M. C. Pires, Maria Basílio, C. Borralho
In this study, we assess the main determinants of banks' profitability in Portugal over the period 2015–2018. We divide the factors that can influence bank profitability into several groups: management quality, credit quality, capital adequacy, liquidity (internal bank factors), and GDP growth (an external factor). The panel dataset is composed of annual report data for the 18 major banks operating in Portugal, representing about 98% of the Portuguese banking product. Profitability has been a persistent challenge for banks since the global financial crisis. Moreover, the Portuguese banking system had been facing several structural problems, which makes this topic particularly relevant. The profitability proxy used is the return on equity (ROE). The empirical strategy followed was pooled OLS. Variables relevant for explaining Portuguese banks' profitability are capital adequacy, liquidity and credit risk. As expected, the results show that capital adequacy (TIER 1) and credit quality (CVCT) have a negative and significant impact on banks' profitability, whereas liquidity (RAL) has a positive impact.
在这项研究中,我们评估了2015-2018年期间葡萄牙银行盈利能力的主要决定因素。我们将影响银行盈利能力的因素分为几组:管理质量、信贷质量、资本充足率、流动性(银行内部因素)和GDP增长(外部因素)。面板数据集由在葡萄牙运营的18家主要银行的年度报告数据组成,约占葡萄牙银行产品的98%。自全球金融危机以来,盈利能力一直是银行面临的挑战。此外,葡萄牙的银行系统一直面临着一些结构性问题,这使得这一主题特别重要。所使用的盈利能力指标是股本回报率(ROE)。所遵循的经验策略是集合OLS。解释葡萄牙银行盈利能力的相关变量是资本充足率、流动性和信贷风险。正如预期的那样,结果表明,资本充足率(TIER 1)和信贷质量(CVCT)对银行的盈利能力有负面和显著的影响,而流动性(RAL)则有积极的影响。
{"title":"Determinants of Portuguese banks' profitability: an update","authors":"M. C. Pires, Maria Basílio, C. Borralho","doi":"10.18089/tms.2021.170305","DOIUrl":"https://doi.org/10.18089/tms.2021.170305","url":null,"abstract":"In this study, we assess the main determinants of banks' profitability in Portugal over the period 2015–2018. We divide the factors that can influence bank profitability into several groups: management quality, credit quality, capital adequacy, liquidity (internal bank factors), and GDP growth (an external factor). The panel dataset is composed of annual report data for the 18 major banks operating in Portugal, representing about 98% of the Portuguese banking product. Profitability has been a persistent challenge for banks since the global financial crisis. Moreover, the Portuguese banking system had been facing several structural problems, which makes this topic particularly relevant. The profitability proxy used is the return on equity (ROE). The empirical strategy followed was pooled OLS. Variables relevant for explaining Portuguese banks' profitability are capital adequacy, liquidity and credit risk. As expected, the results show that capital adequacy (TIER 1) and credit quality (CVCT) have a negative and significant impact on banks' profitability, whereas liquidity (RAL) has a positive impact.","PeriodicalId":43763,"journal":{"name":"Tourism & Management Studies","volume":null,"pages":null},"PeriodicalIF":2.2,"publicationDate":"2021-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42317957","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Social media marketing influence on Boutique Hotel customers’ purchase intention in Malaysia 社交媒体营销对马来西亚精品酒店顾客购买意愿的影响
IF 2.2 Q2 Business, Management and Accounting Pub Date : 2021-07-31 DOI: 10.18089/tms.2021.170304
A. Garg, J. Kumar
As of January 2020, global social media users have exceeded 3.8 billion, accounting for 49% of the world’s total population. Internet and social media have become an indispensable part of people’s daily lives worldwide. However, most previous research only focuses on social media marketing in other businesses, and there is less research about the development of boutique hotel social media marketing. This study investigates the relationship between different social media marketing practices and customers’ purchase intention in Malaysia’s boutique hotels. The article also explores how to properly conduct social media marketing to increase the customer purchase intention of boutique hotels and promote the boutique hotels’ development in Malaysia. The non-probability random sampling technique 309 response was collected from Malaysian social media users using an online survey. Findings of the research found out that factors including marketing activities and eWOM significantly impact customer purchase intention of the boutique hotels in Malaysia through the mediating variable perceived usefulness and the mediating variable perceived trust. The study offers implications for the development of social media marketing in boutique hotels.
截至2020年1月,全球社交媒体用户已超过38亿,占全球总人口的49%。互联网和社交媒体已经成为世界各地人们日常生活中不可或缺的一部分。然而,以往的研究大多只关注其他行业的社交媒体营销,对精品酒店社交媒体营销的发展研究较少。本研究调查了马来西亚精品酒店不同社交媒体营销实践与顾客购买意愿之间的关系。文章还探讨了如何正确开展社交媒体营销,以提高精品酒店的客户购买意愿,促进精品酒店在马来西亚的发展。非概率随机抽样技术309的回复是通过在线调查从马来西亚社交媒体用户中收集的。研究发现,营销活动和口碑等因素通过中介变量感知有用性和中介变量感知信任显著影响马来西亚精品酒店的顾客购买意愿。该研究为精品酒店社交媒体营销的发展提供了启示。
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引用次数: 3
Research trends on digital detox holidays: a bibliometric analysis, 2012-2020 数字排毒假期的研究趋势:文献计量分析,2012-2020
IF 2.2 Q2 Business, Management and Accounting Pub Date : 2021-07-31 DOI: 10.18089/tms.2021.170302
M. Özdemir, Levent Selman Goktas
The addiction problem associated with the overuse of technology has spread to tourism, with recent literature suggesting that tourists may want “disconnection” while traveling. This study, therefore, focuses on the new and poorly understood concept of the digital detox holiday. There is confusion in the literature since there are many terms to refer to it, such as digital-free tourism, unplugged tourism, and disconnected tourism. This study clarifies digital detox holiday as a tourism form. First, based on a review of previous research, a digital detox holiday model was proposed to resolve the confusion. Second, publications in Google and Scopus databases (2012-2020) were reviewed by bibliometric analysis and science mapping analysis via VOSviewer. The results revealed that the digital detox holiday can be considered a form of digital-free tourism and unplugged tourism. The results also showed that it is a recent research topic, with an increase in relevant publications since 2016, especially after 2018. Consequently, the publication trend is likely to accelerate further in the future. This study contributes to the literature by describing the characteristics of the digital detox holiday and visually mapping publications to highlight trends.
与过度使用科技产品相关的成瘾问题已经蔓延到旅游业,最近的文献表明,游客可能希望在旅行时“断开连接”。因此,这项研究关注的是数字排毒假期这个新的、人们知之甚少的概念。由于有许多术语指代它,例如数字自由旅游,不插电旅游和断开连接旅游,因此在文献中存在混淆。本研究明确了数字排毒假期作为一种旅游形式。首先,在回顾以往研究的基础上,提出了一个数字排毒假期模型来解决这个问题。其次,利用VOSviewer对2012-2020年谷歌和Scopus数据库中的出版物进行文献计量分析和科学图谱分析。结果显示,数字排毒假期可以被视为一种无数字旅游和不插电旅游。结果还显示,这是一个最近的研究课题,自2016年以来,特别是2018年之后,相关出版物有所增加。因此,未来出版趋势可能会进一步加速。本研究通过描述数字排毒假期的特征和视觉映射出版物来突出趋势,从而为文献做出贡献。
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引用次数: 7
COVID 19: The catalyst for digital transformation in the hospitality industry? 2019冠状病毒病:酒店业数字化转型的催化剂?
IF 2.2 Q2 Business, Management and Accounting Pub Date : 2021-05-05 DOI: 10.18089/TMS.2021.170204
Nuno António, P. Rita
Until the outbreak of COVID-19, digital transformation was not on many hotels' strategic plan, despite its efficiency-related benefits for saving time, creating better customer experiences, increasing revenue, and supporting decision-making. However, like in many other industries, the COVID-19 physical distancing good practices and governments' restrictions acted as a catalyst and promoted hotels' digitalization. To this end, a questionnaire was administered to 51 hotel managers to verify if that happened in Portuguese hotels and what processes were most impacted. Results showed that 92% of the hotel managers agreed that COVID-19 promoted the digitalization of processes, with most organizations considering that online meetings and technology productivity tools are here to stay. Hotels’ digitalization has the potential to generate high-efficiency gains both in public-facing operations as well as in back-office operations. This study highlights these implications and intends to spur researchers to investigate the practical impact of these implications on business efficiency and social theory.
在新冠肺炎爆发之前,许多酒店的战略计划中都没有数字化转型,尽管数字化转型在节省时间、创造更好的客户体验、增加收入和支持决策方面具有与效率相关的好处。然而,与许多其他行业一样,新冠肺炎保持物理距离的良好做法和政府的限制起到了催化剂的作用,促进了酒店的数字化。为此,对51名酒店经理进行了问卷调查,以核实葡萄牙酒店是否发生了这种情况,以及哪些流程受到的影响最大。结果显示,92%的酒店经理同意新冠肺炎促进了流程的数字化,大多数组织认为在线会议和技术生产力工具将继续存在。酒店的数字化有可能在面向公众的运营和后台运营中产生高效收益。这项研究强调了这些含义,并旨在促使研究人员调查这些含义对商业效率和社会理论的实际影响。
{"title":"COVID 19: The catalyst for digital transformation in the hospitality industry?","authors":"Nuno António, P. Rita","doi":"10.18089/TMS.2021.170204","DOIUrl":"https://doi.org/10.18089/TMS.2021.170204","url":null,"abstract":"Until the outbreak of COVID-19, digital transformation was not on many hotels' strategic plan, despite its efficiency-related benefits for saving time, creating better customer experiences, increasing revenue, and supporting decision-making. However, like in many other industries, the COVID-19 physical distancing good practices and governments' restrictions acted as a catalyst and promoted hotels' digitalization. To this end, a questionnaire was administered to 51 hotel managers to verify if that happened in Portuguese hotels and what processes were most impacted. Results showed that 92% of the hotel managers agreed that COVID-19 promoted the digitalization of processes, with most organizations considering that online meetings and technology productivity tools are here to stay. Hotels’ digitalization has the potential to generate high-efficiency gains both in public-facing operations as well as in back-office operations. This study highlights these implications and intends to spur researchers to investigate the practical impact of these implications on business efficiency and social theory.","PeriodicalId":43763,"journal":{"name":"Tourism & Management Studies","volume":null,"pages":null},"PeriodicalIF":2.2,"publicationDate":"2021-05-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45451063","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 24
期刊
Tourism & Management Studies
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