Hospitality entrepreneurs managing quality of life and business growth

Authors: Peters, M., Kallmuenzer, A. and Buhalis, D.

Journal: Current Issues in Tourism

Volume: 22

Issue: 16

Pages: 2014-2033

ISSN: 1368-3500

DOI: 10.1080/13683500.2018.1437122

Abstract:

The hospitality industry is dominated by small- and medium-sized enterprises (SMEs).They are often led by entrepreneurs who face the challenge of simultaneously managing business decisions and their own wellbeing. The competitiveness of tourism destinations often depends on these entrepreneurs and therefore understanding their motivations and work patterns is critical. Research on individual wellbeing increasingly builds on the concept of quality of life (QoL). Hospitality and tourism literature so far predominantly focused on investigating QoL for tourists and residents, rather than for entrepreneurs’ QoL, even though being key stakeholders in the hospitality industry. Therefore, this study explores the factors influencing hospitality entrepreneurs’ quality of life (“HE-QoL”) and how these relate to business growth. Results of a 380 hospitality entrepreneurs’ survey identify six distinct factors of HE-QoL. Two groups of HE-QoL are identified with significant differences in fitness level activity, entrepreneurial competencies and business growth. Findings lead to recommendations to reduce stress to improve HE-QoL, and to develop entrepreneurial competencies, which help to cope with entrepreneurial challenges. Tourism destinations and politics can support hospitality entrepreneurs in these actions by creating conditions that foster social exchange in regional communities and trust in political and economic stability.

https://eprints.bournemouth.ac.uk/30650/

Source: Scopus

Hospitality entrepreneurs managing quality of life and business growth

Authors: Peters, M., Kallmuenzer, A. and Buhalis, D.

Journal: CURRENT ISSUES IN TOURISM

Volume: 22

Issue: 16

Pages: 2014-2033

eISSN: 1747-7603

ISSN: 1368-3500

DOI: 10.1080/13683500.2018.1437122

https://eprints.bournemouth.ac.uk/30650/

Source: Web of Science (Lite)

Hospitality entrepreneurs managing quality of life and business growth

Authors: Peters, M., Kallmuenzer, A. and Buhalis, D.

Journal: Current Issues in Tourism

Volume: 22

Issue: 16

Pages: 2014-2033

ISSN: 1368-3500

Abstract:

The hospitality industry is dominated by small- and medium-sized enterprises (SMEs).They are often led by entrepreneurs who face the challenge of simultaneously managing business decisions and their own wellbeing. The competitiveness of tourism destinations often depends on these entrepreneurs and therefore understanding their motivations and work patterns is critical. Research on individual wellbeing increasingly builds on the concept of quality of life (QoL). Hospitality and tourism literature so far predominantly focused on investigating QoL for tourists and residents, rather than for entrepreneurs’ QoL, even though being key stakeholders in the hospitality industry. Therefore, this study explores the factors influencing hospitality entrepreneurs’ quality of life (“HE-QoL”) and how these relate to business growth. Results of a 380 hospitality entrepreneurs’ survey identify six distinct factors of HE-QoL. Two groups of HE-QoL are identified with significant differences in fitness level activity, entrepreneurial competencies and business growth. Findings lead to recommendations to reduce stress to improve HE-QoL, and to develop entrepreneurial competencies, which help to cope with entrepreneurial challenges. Tourism destinations and politics can support hospitality entrepreneurs in these actions by creating conditions that foster social exchange in regional communities and trust in political and economic stability.

https://eprints.bournemouth.ac.uk/30650/

Source: BURO EPrints