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Innovation and Technology in Hospitality Sector: Outcome and Performance

Author

Listed:
  • Francisco-Jose Molina-Castillo

    (Department of Management and Finance, Faculty of Economic and Business, University of Murcia, 30100 Murcia, Spain)

  • Angel-Luis Meroño-Cerdán

    (Department of Management and Finance, Faculty of Economic and Business, University of Murcia, 30100 Murcia, Spain)

  • Carolina Lopez-Nicolas

    (Department of Management and Finance, Faculty of Economic and Business, University of Murcia, 30100 Murcia, Spain)

  • Laura Fernandez-Espinar

    (Department of Management and Finance, Faculty of Economic and Business, University of Murcia, 30100 Murcia, Spain)

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.

Suggested Citation

  • Francisco-Jose Molina-Castillo & Angel-Luis Meroño-Cerdán & Carolina Lopez-Nicolas & Laura Fernandez-Espinar, 2023. "Innovation and Technology in Hospitality Sector: Outcome and Performance," Businesses, MDPI, vol. 3(1), pages 1-22, February.
    • Handle: RePEc:gam:jbusin:v:3:y:2023:i:1:p:14-219:d:1078562
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    References listed on IDEAS

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    Cited by:

    1. Isaac Adubofour & Samuel Tabiri & Bright Parker Quayson & Jeffrey Appiagyei & Isaac Duah Boateng, 2024. "The Link between Sustainable Innovation and Industrial Performance: The Case of the United States," Sustainability, MDPI, vol. 16(8), pages 1-17, April.

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