Information Sciences, Technologies and Architecture Research Center

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On the economic impacts of COVID‐19: a text mining literature analysis

Publication . Gonçalves, Hugo S.; Moro, Sérgio

The COVID-19 outbreak has affected everyday lives worldwide. As governments started to implement confinement and business closure measures, the economic impact was felt by entire societies immediately. The urgency of such a theme has led researchers to study the phenomenon. Accordingly, the purpose of this research is to provide the state of the art on relevant dimensions and hot topics of research to understand the economic impacts of COVID-19. In this survey, we conduct a text mining analysis of 301 articles published during 2020 which analyzed such economic impacts. By defining a set of relevant dimensions grounded on existing literature, we were able to extract a set of coherent topics that aggregate the collected articles, characterized by the predominance of a few sets of dimensions. We found that the impact on "financial markets" was widely studied, especially in relation to Asia. Next, we found a more diverse range of themes analyzed in Europe, from "government measures" to "macroeconomic variables." We also discovered that America has not received the same degree of attention, and "institutions," "Africa," or "other pandemics" were studied less. We anticipate that future research will proliferate focusing on several themes, from environmental issues to the effectiveness of government measures.

2022Journal article

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Meaning of luxury in hospitality: An analysis of multiple destinations

Publication . Correia, Antónia; Reis, Helena; Moro, Sérgio; Kozak, Metin

Over the recent years, the status of luxury has been a fast-growing niche market (Alnawas & Hemsley-Brown, 2019; Chang, Ko, & Leite, 2016; Lo & Yeung, 2020; Yang & Matilla, 2016), contributing to enhancing its status of tourism to a superior commodity, usually labelled as luxuries. This promise of status enhancement has attracted managers to enter the luxury segment, thus conferring to their resorts (Yin Chu, Liang Tang, & Yi Luo, 2016; Walls, Okumus, Wang, & Joon-Wuk Kwun, 2011). The hospitality industry exerts efforts to have high involvement services, rich physical environments and professional services that support the prices (Knutson, Stevens, Patton, & Thompson, 1993; Seyfi, Hall, & Rasoolimanesh, 2020; Titz, 2007). However, tourists in luxury hotels are not expected to have only functional benefits since they also look for value experiential services (Alnawas & Hemsley-Brown, 2019; Cetin & Walls, 2016; Chaney, Lunardo, & Mencarelli, 2018; Walls, Okumus, Wang, & Kwun, 2011).

2022-08Journal article

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