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Innovation as a driver of business tourism competitiveness

Sergio Jesus Teixeira (Department of Economics and Management, University of Madeira, Funchal, Portugal)
Joao Matos Ferreira (Department of Economics and Management, University of Madeira, Funchal, Portugal) (Department of Management and Economics, Universidade da Beira Interior, Covilha, Portugal)
António Almeida (Department of Economics and Management, University of Madeira, Funchal, Portugal) (Faculty of Social Sciences, Universidade da Madeira, Funchal, Portugal)

Tourism Review

ISSN: 1660-5373

Article publication date: 13 May 2024

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Abstract

Purpose

The purpose of this study involves analysing the factors of and barriers to innovation and their respective impacts (directly and indirectly) on the competitiveness of both destination and their host companies.

Design/methodology/approach

Based on primary data collected by questionnaire from a sample of 119 companies operating in the tourism sector in the autonomous region of Madeira (Portugal), the authors applied a quantitative methodology with recourse to econometric models and multiple linear regression.

Findings

Comprehensive results based on a conceptual model are obtained through the analysis of competitiveness tourism-based and innovation factors. The study identifies and empirically tests the existing and underlying relationships between innovation (factors and barriers) as the means of leveraging the competitiveness of destinations and their companies.

Originality/value

The results hold important theoretical and practical implications contributing towards innovation for competitiveness and filling a shortcoming identified in the literature.

Keywords

Acknowledgements

The authors would like to thank the University of Madeira and NECE – Research Unit in Business Sciences funded by the Multiannual Funding Programme of R&D Centres of FCT – Fundação para a Ciência e a Tecnologia, under the project “UID/GES/04630/2023”.

Citation

Teixeira, S.J., Ferreira, J.M. and Almeida, A. (2024), "Innovation as a driver of business tourism competitiveness", Tourism Review, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/TR-06-2023-0427

Publisher

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Emerald Publishing Limited

Copyright © 2024, Emerald Publishing Limited

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