Innovation and Value Creation Amidst Global Challenges and Crises in Tourism and Hospitality Industry

Daisy Xuefeng Fan (), Naziyet Uzunboylu (), Leonidas Efthymiou (), Alkis Thrassou () and Demetris Vrontis ()
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Daisy Xuefeng Fan: City University of Macau
Naziyet Uzunboylu: University of Nicosia
Leonidas Efthymiou: University of Nicosia
Alkis Thrassou: University of Nicosia
Demetris Vrontis: University of Nicosia

Chapter Chapter 1 in Global Challenges and Uncertainty in Tourism and Hospitality, Volume II, 2025, pp 1-25 from Palgrave Macmillan

Abstract: Abstract Varying from pandemics to wars and economic collapses, a number of devastating critical events occurred the last years, influencing the tourism and hospitality industry considerably. A crisis has the potential to wreak havoc on an organization, yet it’s crucial to bear in mind that throughout history, crises have played a crucial role in shaping societies. In this chapter, we delve into the opportunities that arise during times of crisis and their potential to foster a resilience, creativity, innovation, and value creation. The analysis involves gleaning valuable lessons from crises to enhance preparedness for future challenges and ensure long-term operational efficiency. Prioritizing innovation during a crisis becomes a key strategy for unlocking value and growth amidst global challenges.

Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pinchp:978-3-031-92409-5_1

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DOI: 10.1007/978-3-031-92409-5_1

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