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The COVID-19 pandemic impact on the global tourism industry SMEs: a human capital development perspective

Dewi Puspaningtyas Faeni (Universitas Budi Luhur, South Jakarta, Indonesia)
Ratih Puspitaningtyas Faeni (Universitas Budi Luhur, South Jakarta, Indonesia)
Hosam Alden Riyadh (Universitas Muhammadiyah Yogyakarta, Bantul, Indonesia)
Yuliansyah Yuliansyah (Universitas Lampung, Bandar Lampung, Lampung, Indonesia)

Review of International Business and Strategy

ISSN: 2059-6014

Article publication date: 10 May 2022

Issue publication date: 31 January 2023

768

Abstract

Purpose

This paper aims to propose a model for increasing human capital competitiveness in the tourism sector in emerging economies. Using Indonesia as an example, the authors study the extent of the COVID-19 pandemic’s impact and the sector’s resilience.

Design/methodology/approach

Data was collected using a survey of 199 tourism workers in Magelang city in Central Java Island. The data was analyzed using structural equation model with Smart PLS.

Findings

The results confirm that social and human capital influence business success. Furthermore, innovation moderates the influence of human capital and social capital on business success.

Originality/value

By conducting a primary survey with the tourism workers and those who work and interact with the tourism industry in Indonesia, the authors show how a promising approach to creating and sharing agile knowledge can enhance the tourism industry micro, small and medium enterprises in emerging economies during and post-COVID-19 pandemic and after.

Keywords

Citation

Faeni, D.P., Puspitaningtyas Faeni, R., Alden Riyadh, H. and Yuliansyah, Y. (2023), "The COVID-19 pandemic impact on the global tourism industry SMEs: a human capital development perspective", Review of International Business and Strategy, Vol. 33 No. 2, pp. 317-327. https://doi.org/10.1108/RIBS-08-2021-0116

Publisher

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Emerald Publishing Limited

Copyright © 2022, Emerald Publishing Limited

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