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Stakeholders of the world, unite!: Hospitality in the time of COVID-19

The COVID-19 pandemic created a global, complex crisis, without a clear end in sight, presenting an existential threat to many hospitality businesses. Drawing on stakeholder theory, we develop a framework for recovery strategy development for COVID-19, which engages salient stakeholders in the proce...

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Detalles Bibliográficos
Autores principales: Canhoto, Ana Isabel, Wei, Liyuan
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Ltd. 2021
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9756829/
https://www.ncbi.nlm.nih.gov/pubmed/36540681
http://dx.doi.org/10.1016/j.ijhm.2021.102922
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author Canhoto, Ana Isabel
Wei, Liyuan
author_facet Canhoto, Ana Isabel
Wei, Liyuan
author_sort Canhoto, Ana Isabel
collection PubMed
description The COVID-19 pandemic created a global, complex crisis, without a clear end in sight, presenting an existential threat to many hospitality businesses. Drawing on stakeholder theory, we develop a framework for recovery strategy development for COVID-19, which engages salient stakeholders in the process of recognizing challenges, rationalizing changes needed and refashioning ways of working. The framework is used to analyze the process of development of a recovery strategy for a boutique hotel in England, UK, via a case study methodology. The analysis brings to the fore the interdependencies between the hotel owners and its employees, customers, governments, suppliers and communities, at local, national and international levels. Moreover, the analysis shows how collaborating with these stakeholders leads to the identification of revenue streams for the hotel, operational modifications and even the development of new commercial partnerships.
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spelling pubmed-97568292022-12-16 Stakeholders of the world, unite!: Hospitality in the time of COVID-19 Canhoto, Ana Isabel Wei, Liyuan Int J Hosp Manag Article The COVID-19 pandemic created a global, complex crisis, without a clear end in sight, presenting an existential threat to many hospitality businesses. Drawing on stakeholder theory, we develop a framework for recovery strategy development for COVID-19, which engages salient stakeholders in the process of recognizing challenges, rationalizing changes needed and refashioning ways of working. The framework is used to analyze the process of development of a recovery strategy for a boutique hotel in England, UK, via a case study methodology. The analysis brings to the fore the interdependencies between the hotel owners and its employees, customers, governments, suppliers and communities, at local, national and international levels. Moreover, the analysis shows how collaborating with these stakeholders leads to the identification of revenue streams for the hotel, operational modifications and even the development of new commercial partnerships. Elsevier Ltd. 2021-05 2021-03-27 /pmc/articles/PMC9756829/ /pubmed/36540681 http://dx.doi.org/10.1016/j.ijhm.2021.102922 Text en © 2021 Elsevier Ltd. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Canhoto, Ana Isabel
Wei, Liyuan
Stakeholders of the world, unite!: Hospitality in the time of COVID-19
title Stakeholders of the world, unite!: Hospitality in the time of COVID-19
title_full Stakeholders of the world, unite!: Hospitality in the time of COVID-19
title_fullStr Stakeholders of the world, unite!: Hospitality in the time of COVID-19
title_full_unstemmed Stakeholders of the world, unite!: Hospitality in the time of COVID-19
title_short Stakeholders of the world, unite!: Hospitality in the time of COVID-19
title_sort stakeholders of the world, unite!: hospitality in the time of covid-19
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9756829/
https://www.ncbi.nlm.nih.gov/pubmed/36540681
http://dx.doi.org/10.1016/j.ijhm.2021.102922
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