Luxury and innovation: Towards an evaluative framework

Article

Luxury and innovation: Towards an evaluative framework

Published in: Research in Hospitality Management
Volume 5 , issue 2 , 2015 , pages: 147–152
DOI: 10.1080/22243534.2015.11828339
Author(s): Michael Riley Faculty of Business, Economics and Law, United Kingdom , Edith Szivas International Centre for Hotel and Resort Management, United Kingdom

Abstract

This conceptual paper uses a historical and psychological analysis of luxury to argue that it is has been, and continues to be, a driver of innovation in the tourism and hospitality industries. In examining the relationship between creativity and innovation, the paper identifies four paradoxes which, it argues, are embedded in the decision-making processes that create new objects and services. The paper argues that, if innovation and creativity are separated from the hegemony of change, then it is possible to devise a set of criteria as to what may be judged to be innovative. A set of seven criteria are postulated.

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