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...

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Autores principales:	Muhammad Yunus Amar, Alim Syariati, Ridwan Ridwan, Rika Dwi Ayu Parmitasari
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	dynamic capability existing resources innovation norms hotel strategy Indonesia Insurance HG8011-9999
Acceso en línea:	https://doaj.org/article/bc2c782c2ffa4cb18971ef3bcb5eea09
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spelling	oai:doaj.org-article:bc2c782c2ffa4cb18971ef3bcb5eea092021-11-25T18:56:07ZIndonesian Hotels’ Dynamic Capability under the Risks of COVID-1910.3390/risks91101942227-9091https://doaj.org/article/bc2c782c2ffa4cb18971ef3bcb5eea092021-11-01T00:00:00Zhttps://www.mdpi.com/2227-9091/9/11/194https://doaj.org/toc/2227-9091The 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.Muhammad Yunus AmarAlim SyariatiRidwan RidwanRika Dwi Ayu ParmitasariMDPI AGarticledynamic capabilityexisting resourcesinnovation normshotelstrategyIndonesiaInsuranceHG8011-9999ENRisks, Vol 9, Iss 194, p 194 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	dynamic capability existing resources innovation norms hotel strategy Indonesia Insurance HG8011-9999
spellingShingle	dynamic capability existing resources innovation norms hotel strategy Indonesia Insurance HG8011-9999 Muhammad Yunus Amar Alim Syariati Ridwan Ridwan Rika Dwi Ayu Parmitasari Indonesian Hotels’ Dynamic Capability under the Risks of COVID-19
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.
format	article
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
title	Indonesian Hotels’ Dynamic Capability under the Risks of COVID-19
title_short	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_sort	indonesian hotels’ dynamic capability under the risks of covid-19
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/bc2c782c2ffa4cb18971ef3bcb5eea09
work_keys_str_mv	AT muhammadyunusamar indonesianhotelsdynamiccapabilityundertherisksofcovid19 AT alimsyariati indonesianhotelsdynamiccapabilityundertherisksofcovid19 AT ridwanridwan indonesianhotelsdynamiccapabilityundertherisksofcovid19 AT rikadwiayuparmitasari indonesianhotelsdynamiccapabilityundertherisksofcovid19
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Indonesian Hotels’ Dynamic Capability under the Risks of COVID-19

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