Resources and capabilities driving performance in the hotel industry

Valentina Božič () and Ljubica Knežević Cvelbar ()
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Valentina Božič: Faculty of Economics, University of Ljubljana, Ljubljana, Slovenia
Ljubica Knežević Cvelbar: Faculty of Economics, University of Ljubljana, Ljubljana, Slovenia

Tourism and Hospitality Management, 2016, vol. 22, issue 2, 225-246

Abstract: Purpose – The purpose of this paper is to provide an overview of the resources and capabilities framing sustainable competitive advantages in the hotel industry. Design – What is driving performance of firms is an on-going question evoking considerable interest among academics and practitioners alike. This has driven a large body of conceptual and empirical research. Empirical testing of sustainable competitive advantages driving performance in the hospitality industry has been one of the most researched topics in the last three decades. This paper summarises and reflects on those findings. Methodology – Paper uses content analysis to review the existing studies in order to understand resources and capabilities driving the performance in the hotel industry. Findings - Results show that most of the studies in the hospitality industry focus on investigating the impact of intangible resources and capabilities on hotel performance. In most of the cases studies use knowledge as a main driver of performance. Interestingly tangible resources are rarely considered and included in the research. Originality of the research – Literature has so far failed to provide a review paper summarising empirical results of many studies that explored drivers of hotels performance. This paper brings a theoretical contribution summarising and reflecting on the current body of knowledge.

Keywords: resources; capabilities; competitive advantage; performance; hospitality (search for similar items in EconPapers)
JEL-codes: L83 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:tho:journl:v:22:y:2016:n:2:p:225-246

DOI: 10.20867/thm.22.2.8

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