Factors that shape a hotel company’s risk appetite

Zhang, Nathan, Paraskevas, Alexandros ORCID: 0000-0003-1556-5293 and Altinay, Levent (2018) Factors that shape a hotel company’s risk appetite. International Journal of Hospitality Management. ISSN 0278-4319 (In Press)

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Abstract

Despite a growing scholarly interest in risk management within the field of hospitality, risk appetite, which plays a key role in effective risk management, has not yet received wider attention. This paper contributes to our understanding of risk appetite by exploring the factors that influence risk appetite in a hotel company context. Through in-depth interviewing with risk appetite experts and corporate-level hotel executives, we identified two sets of factors (‘primary’ and secondary’) that influence a hotel company’s risk appetite. Although, at corporate level, these factors do not differ from other industry contexts, they can be used by managers in the hotel sector as a starting point to understand drivers and inhibitors of their companies’ risk appetite while researchers can use them as a basis to develop descriptive or predictive models of a hotel company’s risk appetite.

Item Type: Article
Uncontrolled Keywords: determinants; factors; hotel company; risk; risk appetite; risk management
Subjects: Business and finance > Business and management
Hospitality and tourism > Hospitality
Hospitality and tourism > Hospitality > Hotel management
Hospitality and tourism > Hospitality > Risk and reputation management
Hospitality and tourism
Depositing User: Alexandros Paraskevas
Date Deposited: 23 Jul 2018 14:22
Last Modified: 22 Aug 2018 09:39
URI: http://repository.uwl.ac.uk/id/eprint/5302

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