Factors influencing business recovery from compound disasters: Evidence from Australian micro and small tourism businesses. (December 2022)

• Record Type: Journal Article
• Authors: Nguyen, Van K.; Pyke, Joanne; Gamage, Ancy; de Lacy, Terry; Lindsay-Smith, Gabrielle
• Is Part Of: Journal of hospitality and tourism management. Volume 53(2022)
• Page Start: 1
• Page End: 9
• Publication Date: 2022-12
• Subjects: Micro and small tourism businesses -- COVID-19 pandemic -- Bushfires -- Business resilience -- Business recovery; Hospitality industry -- Management -- Periodicals; Tourism -- Management -- Periodicals; Hospitality industry -- Australia -- Management -- Periodicals; Tourism -- Australia -- Management -- Periodicals; Hospitality industry -- Management; Tourism -- Management; Australia; Electronic journals; Periodicals; 338.4791068
• DOI: 10.1016/j.jhtm.2022.08.006
• Languages: English
• ISSNs: 1447-6770

Abstract

Abstract: This study examines the factors affecting the recovery of micro and small tourism businesses in the context of the Australian bushfires and the COVID-19 pandemic. An ordered probit model is employed to analyse survey data from 223 tourism businesses in Victoria, Australia. The results reveal that planned resilience, risk management and connectedness have a positive impact, whereas business age and size and compound disasters have a negative impact on the recovery speed of micro and small businesses. Findings from the study contribute to the empirical literature on micro and small tourism business recovery in the events of compound disasters and provide implications to assist businesses in building resilience to future shocks.