Leakage, entrepreneurship, and satisfaction in hospitality

Tourism is a very important tool for economic development. However, its economic effects are mainly conditioned by the level of leakage. This work defines leakage, provides an original evaluation of the entrepreneurial environment in showing that it is the one with the lowest level of leakage, and c...

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Detalles Bibliográficos
Autores: Galdon-Salvador, Jose-Luis|||0009-0004-2911-4308, Garrigós Simón, Fernando José|||0000-0001-6580-9124, Gil Pechuán, Ignacio|||0000-0002-6150-8567
Tipo de recurso: artículo
Fecha de publicación:2013
País:España
Institución:Universitat Politècnica de València (UPV)
Repositorio:RiuNet. Repositorio Institucional de la Universitat Politécnica de Valéncia
Idioma:inglés
OAI Identifier:oai:riunet.upv.es:10251/47044
Acceso en línea:https://riunet.upv.es/handle/10251/47044
Access Level:acceso abierto
Palabra clave:Leakage
Entrepreneurship
Tourism
Customer satisfaction
Knowledge industries
ORGANIZACION DE EMPRESAS
Descripción
Sumario:Tourism is a very important tool for economic development. However, its economic effects are mainly conditioned by the level of leakage. This work defines leakage, provides an original evaluation of the entrepreneurial environment in showing that it is the one with the lowest level of leakage, and creates a new framework. It also measures leakage in an innovative way using a quantitative approach. In addition, the paper explores and shows how leakage can affect critical business factors, such as customer and employee satisfaction. The empirical study uses structural equations and data from hotels in the Valencian Region (Spain) to show how important leakage is in making businesses more competitive. The results confirm the new model and are of interest for company managers and public organizations.