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Innovation and Technology in Hospitality Sector: Outcome and Performance

Authors :
Francisco-Jose Molina-Castillo
Angel-Luis Meroño-Cerdán
Carolina Lopez-Nicolas
Laura Fernandez-Espinar
Source :
Businesses, Vol 3, Iss 1, Pp 198-219 (2023)
Publication Year :
2023
Publisher :
MDPI AG, 2023.

Abstract

This article aims to explain the innovative behaviour of large Spanish companies by comparing the hospitality industry with other service providers and industrial manufacturers. Several hypotheses are proposed and tested for different innovation stages: innovation effort, outcome and performance. The sample includes 2944 Spanish companies with 200 or more employees. Using one-way ANOVA analysis, this study fills an important gap in the impact of innovation and technology on the performance of the hospitality sector. The results show that catering establishments have differentiated innovation behaviours not only to manufacturers but also compared to service providers. The findings support the hypothesis and suggest that hotel companies complement in-house R&D with other innovative activities. Furthermore, hospitality organisations have the highest percentage of innovation revenue due to fewer innovation efforts and innovation outcomes, mainly due to the organisation’s innovations.

Details

Language :
English
ISSN :
26737116
Volume :
3
Issue :
1
Database :
Directory of Open Access Journals
Journal :
Businesses
Publication Type :
Academic Journal
Accession number :
edsdoj.0d2d3664338f43ad8724ea864d4f9531
Document Type :
article
Full Text :
https://doi.org/10.3390/businesses3010014