Reinventing the Business Model in the Tourism Industry based on Sustainable Circular Economy and Innovation

Daniela  Avasiloaei (Muscal)

doi:10.54820/entrenova-2022-0036

Autor(i)

Daniela Avasiloaei (Muscal) Stefan cel Mare University of Suceava, Romania

DOI:

https://doi.org/10.54820/entrenova-2022-0036

Ključne riječi:

Circular Economy, Innovation, Business Model, Tourism

Sažetak

Today, the whole globe is facing a series of crises unprecedented in modern histories, such as health, social, economic, environmental, etc. All these crises result from an unsustainable development model based on the misuse of the planet's natural resources, threats such as climate change, and conflicts with economic, social, and environmental impacts. The crisis caused by the pandemic has accentuated new patterns of behaviour and consumption, accelerated the technological revolution, and grown concerned for sustainability. Tourism is an industry that is particularly vulnerable to the effects of climate change, the consequences of which vary widely. Therefore, sustainable solutions are in the interest of the tourism sector, and the circular economy is a life-saving solution for the tourism industry. The transition from a linear to a circular economy is presented throughout the European Union as one of the major drivers of change and Innovation. This article aims to move towards a new business model in the tourism industry based on the circular economy and Innovation by setting out the principles for applying the circular economy in tourism. New business models can help us transform the tourism industry in this disruptive process.

Reference

Blomsma, F., Brennan, G. (2017), “The emergence of circular economy: a new framing around prolonging resource productivity”, Journal of Industrial Ecology, Vol. 21 No. 3, pp. 603-614.

Boulding, K. E. (1966), “The Economics of The Coming Spaceship Earth”, in H. Jarrett, Environmental Quality in A Growing, Baltimore: Johns Hopkins University Press, pp. 3-14

Buhalis, D., Law, R. (2008), “Progress in information technology and tourism management: 20 years on and 10 years after the internet: The state of eTourism research”, Tourism Management, Vol.29 No.4, pp. 609–623

Chesbrough, H. (2010), “Business model innovation: opportunities and barriers”, Long Range Plan. Vol.43, pp. 354–363.

Choice Hotels, (2019), “Environmental, Social Governance Report”, available at: http://filecache.investorroom.com/mr5ir_choicehotels/531/2019ESGReport2.24.2020.pdf / (18 Apr 2022)

Choice Hotels, (2020), “Environmental, Social Governance Report”, available at: http://filecache.investorroom.com/mr5ir_choicehotels/557/2020ESGFinal11.12.20.pdf/ (18 Apr 2022)

Choice Hotels, (2021), “Environmental Social Governance Report”, available at: http://filecache.investorroom.com/mr5ir_choicehotels/636/ESG2021Final12.8.21.pdf / (23 Mar 2022)

Choice Hotels, (2021), “Environmental, Social Governance Report”, available at: http://filecache.investorroom.com/mr5ir_choicehotels/636/ESG2021Final12.8.21.pdf / (18 Apr 2022)

Hilton Corporate Communications, (2021), “Hilton in South East Asia Committed to Reducing Environmental Footprint through Sustainable Initiatives”, available at: https://newsroom.hilton.com/corporate/news/hilton-focus-on-sustainability-in-south-east-asia / (20 Mar 2022)

Hilton Corporate Communications, (2021), “Hilton in Southeast Asia Committed to Reducing Environmental Footprint through Sustainable Initiatives”, available at: https://newsroom.hilton.com/corporate/news/hilton-focus-on-sustainability-in-south-east-asia / (23 Mar 2022)

Hilton Corporate Communications, (2021), “Hilton Inspires Guests to Create New Eco-Conscious Travel Memories”, available at: https://newsroom.hilton.com/brand-communications/news/hilton-inspires-guests-to-create-eco-conscious-memories / (30 Mar 2022)

Hilton, (2017), “Hilton 2017 Corporate Responsibility Report”, available at: https://www.responsibilityreports.com/HostedData/ResponsibilityReportArchive/h/NYSE_HLT_2017.pdf / (18 Apr 2022)

Hilton, (2018), “Hilton 2018 Corporate Responsibility Report”, available at: https://cr.hilton.com/wp-content/uploads/2019/05/Hilton-Corporate-Responsibility-2018.pdf / (18 Apr 2022)

Hilton, (2019), “Hilton 2019 Corporate Responsibility Report”, available at: https://cr.hilton.com/wp-content/uploads/2020/04/Hilton-2019-CR-Report.pdf

Hilton, (2020), “ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT”, available at: https://cr.hilton.com/wp-content/uploads/2021/04/Hilton-2020-ESG-Report.pdf / (18 Apr 2022)

Hilton, (2021), “Global Reporting Initiative (GRI)”, available at: https://esg.hilton.com/wp-content/uploads/sites/3/2022/04/2021-GRI-Index.pdf

InterContinental Hotels Group (2018), “Responsible Business Report 2018”, available at: https://www.ihgplc.com/en/-/media/ihg/files/responsible-business/2018-responsible-business/downloads/2018/ihg_rbr_2018_digital.pdf / (16 Apr 2022)

InterContinental Hotels Group (2019), “Responsible Business Report 2019”, available at: https://www.ihgplc.com/en/-/media/ihg/files/responsible-business/2018-responsible-business/downloads/2019/rbr/ihg2019_responsible_business_report.pdf / (18 Apr 2022)

InterContinental Hotels Group (2020), “Modern Slavery Statement 2020”, available at: https://www.ihgplc.com/en/-/media/ihg/files/responsible-business/2020-reporting/ihg-modern-slavery-statement-2020_-final.pdf / (18 Apr 2022)

InterContinental Hotels Group (2020), “Responsible Business Report 2020 On a journey towards a better future”, available at: https://www.ihgplc.com/en/-/media/ihg/files/responsible-business/2020-reporting/2020_ihg_rbr_-final.pdf / (18 Apr 2022)

InterContinental Hotels Group (2021), “2021 Environmental, Social and Governance Databook”, available at: https://www.ihgplc.com/en/-/media/ihg/files/responsible-business/2021-responsible-business-report/2021-esg-databook.pdf / (18 Apr 2022)

InterContinental Hotels Group (2021), “Down to Earth: Spotlighting sustainable hotel experiences”, available at: https://www.ihgplc.com/en/news-and-media/news-releases/2021/down-to-earth-spotlighting-sustainable-hotel-experiences / (4 Apr 2022)

InterContinental Hotels Group (2022), “Responsible Business Report 2021”, available at: https://www.ihgplc.com/en/-/media/ihg/files/responsible-business/2021-responsible-business-report/ihgrbrinteractive280222.pdf / (18 Apr 2022)

InterContinental Hotels Group, (2017), “2017 Responsible Business – Our Performance”, available at: https://www.ihgplc.com/en/-/media/ihg/files/responsible-business/2018-responsible-business/downloads/2017/2017_ihg_our_performance.pdf

InterContinental Hotels Group, (2018), “GRI Standards Content Index 2018”, available at: https://www.ihgplc.com/en/-/media/ihg/files/responsible-business/2018-responsible-business/downloads/2018/2018_ihg_gri_standards_index.pdf / (6 Apr 2022)

InterContinental Hotels Group, (2019), “GRI Standards Content Index 2019”, available at: https://www.ihgplc.com/en/-/media/ihg/files/responsible-business/2018-responsible-business/downloads/2019/2019-gri/2019_ihg_gri_standards_index_final.pdf / (18 Apr 2022)

Kirchherr, J., Reike, D., Hekkert, M. (2017), “Conceptualizing The Circular Economy: An Analysis Of 114 Definitions”, Journal Resources, Conservation & Recycling, Vol.127, pp. 221 – 232.

Marcet, X., Marcet, M., & Vergés, F. (2018), Qué Es La Economía Circular Y Por Qué Es Importante Para El Territorio, Barcelona: Asociación Pacto Industrial De La Región Metropolitana De Barcelona

Meadows, D. H., Meadows, D. L., Randers, J., Behrens Iii, W. W. (1972), “The Limits To Growth: A Report For The Club Of Rome's Project On The Predicament Of Mankind, Universe Books, New York

Pearce, D. W., Turner, K. R. (1990), Economics Of Natural Resources And The Environment. Maryland: The Johns Hopkins University Press

Rizos, V., Tuokko, K., Behrens, A. (2017), “The Circular Economy A Review Of Definitions, Processes And Impacts” CEPS Papers, available at: Https://Circulareconomy.Europa.Eu/Platform/Sites/Default/Files/Rr2017 08_Circulareconomy_0.Pdf / (18 Apr 2022)

Urbinati, A., Chiaroni, D., Chiesa, V. (2017), “Towards a new taxonomy of circular economy business models”, Journal of Cleaner Production, Vol.168, pp. 487–498.

Urbinati, A., Rosa, P., Sassanelli, C., Chiaroni, D., Terzi, S. (2020), “Circular business models in the European manufacturing industry: A multiple case study analysis Journal of Cleaner Production”, Journal of Cleaner Production Vol. 274, pp. 1-11.

Wyndham Destinations (2020), “2019-2020 Social Responsibility Report”, available at: https://www.wyndhamdestinations.com/content/dam/wyndham/wynd-investor-site/corporate-social-responsibility/overview-and-performance/social-responsibility-report-2020.pdf / (18 Apr 2022)

Wyndham hotels & resorts (2021), “ESG REPORT”, available at: https://corporate.wyndhamhotels.com/wp-content/uploads/2021/04/2021-WH-ESG-Report.pdf / (18 Apr 2022)

Wyndham hotels & resorts (2021), “ESG REPORT”, available at: https://corporate.wyndhamhotels.com/wp-content/uploads/2021/04/2021-WH-ESG-Report.pdf / (23 Mar 2022)