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Digitalizing business models in hospitality ecosystems: toward data-driven innovation
- Source :
- European Journal of Innovation Management. 26:242-277
- Publication Year :
- 2023
- Publisher :
- Emerald, 2023.
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Abstract
- PurposeDigitalization accelerates the need of tourism and hospitality ecosystems to reframe business models in line with a data-driven orientation that can foster value creation and innovation. Since the question of data-driven business models (DDBMs) in hospitality remains underexplored, this paper aims at (1) revealing the key dimensions of the data-driven redefinition of business models in smart hospitality ecosystems and (2) conceptualizing the key drivers underlying the emergence of innovation in these ecosystems.Design/methodology/approachThe empirical research is based on semi-structured interviews collected from a sample of hospitality managers, employed in three different accommodation services, i.e. hotels, bed and breakfast (B&Bs) and guesthouses, to explore data-driven strategies and practices employed on site.FindingsThe findings allow to devise a conceptual framework that classifies the enabling dimensions of DDBMs in smart hospitality ecosystems. Here, the centrality of strategy conducive to the development of data-driven innovation is stressed.Research limitations/implicationsThe study thus developed a conceptual framework that will serve as a tool to examine the impact of digitalization in other service industries. This study will also be useful for small and medium-sized enterprises (SMEs) managers, who seek to understand the possibilities data-driven management strategies offer in view of stimulating innovation in the managers' companies.Originality/valueThe paper reinterprets value creation practices in business models through the lens of data-driven approaches. In this way, this paper offers a new (conceptual and empirical) perspective to investigate how the hospitality sector at large can use the massive amounts of data available to foster innovation in the sector.
- Subjects :
- Management of Technology and Innovation
Subjects
Details
- ISSN :
- 14601060
- Volume :
- 26
- Database :
- OpenAIRE
- Journal :
- European Journal of Innovation Management
- Accession number :
- edsair.doi...........13317bb250a798fd81d18d7acc161adc