Innovation activity in the hotel industry

Martĺnez-Ros, Ester; Orfila‐Sintes, Francina

doi:10.1016/j.technovation.2009.02.004

Cited by 140 publications

(95 citation statements)

References 43 publications

(79 reference statements)

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“…the announcement of an innovation that allows a more efficient use of solar panels in hotels). 7) Recent literature has proven sequential interdependency between radical and incremental innovations (Martínez-Ros and Orfila-Sintes, 2009). It would be relevant to test the effect of this sequential interdependency on market value, as it would allow managers to determine the best innovation decisions (and its sequence) to optimize the firm's market value.…”

Section: Discussionmentioning

confidence: 99%

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The effect of innovation on hotel market value

Nicolau

Santa-María

2013

International Journal of Hospitality Management

157

100

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The purpose of this article is to analyze the effect of hotel innovations on firm value.Specifically, this study fills a research gap in the previous literature by examining this effect through market value and by distinguishing the potential different impact of distinct innovation types: product, process, organization and marketing. This research contributes to consolidating the empirical evidence of hotel innovation and performance, by analyzing whether distinct types of innovation lead to different levels of results. The findings show that innovations are perceived to have a positive impact on the future sales of the company: in a four-day period (0,+3), there is an increase in returns of 1.53%, which is equivalent to annual returns of 300%. In terms of innovation types, process and marketing innovations are found to have a higher positive effect on hotel market value than product and organization innovations; which is explained by the potential cost differences among innovations.

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Section: Discussionmentioning

confidence: 99%

“…Innovation is a critical element in today's service companies, in general (Hipp and Grupp, 2005;Forsman, 2011;Gallouj and Weinstein, 1997), and tourism companies, in particular (Sundbo et al, 2007;Martínez-Ros and Orfila-Sintes, 2009). …”

Section: Introductionmentioning

confidence: 99%

The effect of innovation on hotel market value

Nicolau

Santa-María

2013

International Journal of Hospitality Management

157

100

View full text Add to dashboard Cite

show abstract

“…Their research analysed the correlation between the types of innovation and certain hotel-characteristics (management, size of enterprise, geographical location). Further research [14] in the hotel industry shows that hotels aligned into a higher chain of hotels and lead by managers have a higher innovation performance.…”

Section: Service Innovationmentioning

confidence: 99%

“…The final aim is to prepare a 100 % survey. The questionnaire was based on a CIS (Community Innovation Survey) kind of base, but when the questionnaire was established, the framework and results of earlier research -conducted in the service sector [7][8][9]14] were considered. The data in the survey are non-representative, but according to the intention of the researcher TDMs are represented from six geographical regions, with five different settlement sizes and characteristically both legal forms.…”

Section: Introduction Aim Of the Researchmentioning

confidence: 99%

Developing Touristic Destination - Innovation Performance Issues

Mahr¹

2017

: Interdiscip. Descr. Complex Syst.

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Tourism is one of the most developing branches of service sectors. The paper deals with a key area of a Central-Eastern-European country (Hungary) from the European perspective, i.e. tourism. Tourism provides a remarkable ratio of GDP, thus its importance is inevitable. Tourism destination management (TDM in further text) organisations are local building stones of this important branch. These organisations received remarkable development funds in the previous budget period. The aim was to turn tourism into a competitive and innovative branch. Quadruple helix model -approach to innovation systems provides the opportunity to include the fourth helix -the media-based civic society -into the innovation performance, thus its performance influences the efficacy of the given innovation system. The paper assumes that these TDM organisations, as media-based civil organisations, appear as enterprises that are responsible for touristic innovation performance. The research objective is to prove, or deny that these institutions are important workshops of innovation. A survey research was conducted. In the meantime, feedback was collected about the structure, comprehensiveness and the logical structure of the questionnaire. Cooperation characteristics, the correlations between the innovation performances, the factors generating innovation and the reason for innovation are presented. The results of the study can be used by the state-governed tourism management, the vocational organisations and the Hungarian Tourism Ltd. in the process of establishing the framework of calls, and operational models in order to make international comparisons (with other countries).

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“…In this regard, the ability to continuously launch innovations is recognized as a critical source of competitiveness (Subramaniam & Youndt, 2005;Lin et al, 2006;Martı´nez-Ros & Orfila-Sintes, 2009, Wang et al, 2008Huang & Chen, 2010).…”

Section: Introductionmentioning

confidence: 99%