COVID-19 impact on the hospitality industry: Exploratory study of financial-slack-driven risk preparedness

Wieczorek-Kosmala, Monika

doi:10.1016/j.ijhm.2020.102799

Cited by 44 publications

(31 citation statements)

References 57 publications

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“… 28% Demand analysis and tourism development Crespí-Claderaet al, 2021 ; Kourentzes et al, 2021 ; Liu et al, 2021 ; Qiuet al, 2021 ; Fotiadis, Polyzos, & Huan, 2021 ; Guo, Liu, Song, & Y, 2021 ; Wickramasinghe & Ratnasiri, 2020 ; Gallego & Font, 2020 . 44% Others Kaczmarek, Perez, Demir, & Zaremba, 2021 ; Qiu et al, 2021 ; Wieczorek-Kosmala, 2021 ; Huang, Makridis, Baker, Medeiros, & Guo, 2020 ; Khan et al, 2021 0 28% Hospitality and tourism workforce/employee Organizational trust & resilience Guzzo et al, 2021 ; Ngoc et al, 2021 ; He et al, 2020 ; Salazar, 2020 ; Mao et al, 2020 28% Job performance & life satisfaction Tu et al, 2021 ; Aguiar-Quintana et al, 2021 ; Kim et al, 2021 ; Karatepe, Saydam, & O, 2021 ; Vo-Thanh et al, 2020 28% Turnover intentions Yu et al, 2021 ; Bajrami et al, 2021 ; Manoharan et al, 2021 16% Others Sakdiyakorn et al, 2021 ; Chadee et al, 2021 ; Zhang et al, 2020 ; Baum et al, 2020 ; Park et al, 2020 28% Customer/tourist studies …”

Section: Resultsmentioning

confidence: 99%

“…Though the cash-driven resilient nature and employee resilience of the tourism industry is well studied in the past ( Wieczorek-Kosmala, 2021 ), COVID-19 has opened up a new stream of resilience studies in the tourism and hospitality industry, like resilience of business owners ( Pathak & Joshi, 2021 ), managers ( Japutra & Situmorang, 2021 ) etc. Public health crisis during COVID-19 ( Shapoval et al, 2021 ) have necessitated the creation of new and innovative business models in tourism that can better address any future crisis ( Breier et al, 2021 ) and improve resilience in the sector ( Duarte Alonso, 2020 ).…”

Section: Future Research Directionsmentioning

confidence: 99%

See 1 more Smart Citation

Present and prospective research themes for tourism and hospitality education post-COVID19: A bibliometric analysis

Menon

Gunasekar

Dixit

et al. 2022

Journal of Hospitality, Leisure, Sport & Tourism Education

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Section: Resultsmentioning

confidence: 99%

Section: Future Research Directionsmentioning

confidence: 99%

Present and prospective research themes for tourism and hospitality education post-COVID19: A bibliometric analysis

Menon

Gunasekar

Dixit

et al. 2022

Journal of Hospitality, Leisure, Sport & Tourism Education

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“…The hospitality industry has been most affected and threatened by crises and disasters [1,20,21]. How the industry responded to the crisis and disasters is a crucial area of research concern.…”

Section: Literature Review 21 Hospitality Industry and Crisismentioning

confidence: 99%

“…Similarly, Mun, Ban, and Kim, 2020 [5] mentioned the new concept sand products emerging due to rapid changes in the hospitality industry in the pandemic era. Thus, there is a need to revise the situation of the hospitality industry and verify the drivers of successful recovery paths in the COVID-19 crisis [20].…”

Section: Literature Review 21 Hospitality Industry and Crisismentioning

confidence: 99%

Navigations for Hospitality Human Resource Management Research: Observing the Keywords, Factors, Topics under the COVID-19 Pandemic

et al. 2022

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The hospitality industry is one of the most affected by the pandemic, and because of its human close interaction and labor-intensive characteristics, it has left Human Resource Management (HRM) puzzles with organizations’ stabilization and recovery. This study aimed to summarize current research on hospitality HRM research outcomes and trends during the COVID-19 pandemic. Utilizing the PRISMA technique and NVivo software, 102 research articles were extracted and analyzed to highlight to overall achievement and movement of hospitality HRM research under the shadow of the COVID-19 crisis. Considering the main purpose of this study, which was to show the status and prospects, the findings indicated 309 free nodes and 26 secondary nodes based on grounded theory. 7 key themes clustered from the analysis and include “environmental factors”, “industrial factors”, “HRM practice”, “organization”, “employee”, “external outcomes”, and “methodology”. The results demonstrated the COVID-19 pandemic driven HRM transformation. In addition, it sheds light on how research responds to the shifting navigation of HRM within the hospitality context under the COVID-19 conditions.

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“…We can state that the difference between the values of indicators between individual years of enterprises in the engineering industry is statistically significant. Statistical significance is manifested primarily by the fact that the engineering industry in Slovakia has long-term stable results and in the area of indicators of the company's crisis, values are improving, which is documented not only by research results but also other sources that contain other relevant outputs in this area [50][51][52][53].…”

Section: Plos Onementioning

confidence: 99%

Factors predicting companies’ crisis in the engineering industry from the point of view of financial analysis

2022

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A key factor for business management is the assessment of the financial situation of companies. Nowadays, it is essential to monitor the liquidity crisis, which is closely linked to corporate crises. The aim of the paper is to analyse a selected sector of the economy from the perspective of the corporate crisis and to identify the factors of crisis. More than 2000 engineering companies in Slovakia were analysed during the period from 2015 to 2019 with the aim of analysing financial results, especially in the area of financial forecast for the future. In the analysis, statistical testing of the significance of relationships using the Spearman correlation coefficient, the significance of differences by the power of t-test, regression and clustering were used. A significant part of the paper is the analysis of selected indicators of the company’s crisis—Altman’s Z score and the IN05 index. The results indicate that engineering companies in Slovakia are achieving good results and their financial situation is improving within the years between 2015–2019. The results can also be used as a starting point for research concerning the impact of COVID-19 in this area. In the context of corporate crisis management, engineering companies behave in the same way but it is necessary to monitor individual factors that can detect a corporate crisis. Possible measures would thus lead to the stabilization of financial results and long-term sustainable positive prospects for companies in the future.

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COVID-19 impact on the hospitality industry: Exploratory study of financial-slack-driven risk preparedness

Cited by 44 publications

References 57 publications

Present and prospective research themes for tourism and hospitality education post-COVID19: A bibliometric analysis

Present and prospective research themes for tourism and hospitality education post-COVID19: A bibliometric analysis

Navigations for Hospitality Human Resource Management Research: Observing the Keywords, Factors, Topics under the COVID-19 Pandemic

Factors predicting companies’ crisis in the engineering industry from the point of view of financial analysis

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