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Financial Distress and Resilience in the Hospitality Industry: Learnings from a Fijian Resort

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Abstract

The global upheaval caused by the coronavirus pandemic posed unprecedented challenges for various industries and organisations. Among one of the most severely impacted were those in the hospitality sector, grappling with distinctive adversities to ensure their survival. This research delves into the financial hardships faced by the hospitality sector in the Pacific, with a specific focus on strategies employed for resilience. Utilising a qualitative methodology, the study offers a narrative drawn from the experiences of a luxury resort in Fiji. The insights derived from this investigation contribute to a framework for building resilience during times of uncertainty. This framework, rooted in a case study, stands poised to guide other organisations facing similar crises by pinpointing essential activities and formulating pertinent strategies and operational plans.

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(Source Fiji Bureau of Statistics, 2023)

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(Source Fiji Bureau of Statistics, 2023)

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(Source Fiji Bureau of Statistics, 2023)

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Authors and Affiliations

  1. School of Accounting and Law, College of Business, Hospitality and Tourism Studies, Fiji National University, Valelevu, Nasinu, P. O. Box 7222, Suva, Fiji

    Avanish Kumar Shukla

  2. Rajagiri Business School, Kochi, India

    Arun A. Elias

  3. Victoria University of Wellington, Wellington, New Zealand

    Arun A. Elias

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Correspondence to Avanish Kumar Shukla.

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First author Dr. Avanish K. Shukla declares no conflict of interest. Professor Arun Elias is regional editor Asia and Pacific of the journal. Both authors declare no conflict with the review and acceptance of this paper.

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Shukla, A.K., Elias, A.A. Financial Distress and Resilience in the Hospitality Industry: Learnings from a Fijian Resort. Glob J Flex Syst Manag 24 (Suppl 1), 49–63 (2023). https://doi.org/10.1007/s40171-024-00376-1

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