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The small world hypothesis: How social media revolutionized the luxury hospitality industry?

Authors: Lahbabi, Amina; Makloul, Youssef;

The small world hypothesis: How social media revolutionized the luxury hospitality industry?

Abstract

Luxury and Internet. While the first one is characterized by scarcity and selectivity, the second is based on large distribution and accessibility. Here begins the paradox of luxury and internet. Luxury industry being in constant development and looking for opportunities to build a relationship with the customers, the emergence of social media has brought a new way to engage with the audience and be attentive to their needs. In this framework of this new dynamic, the role of the customer in the service production moves from being passive to active, creating a relational marketing approach that is evolving towards personalized one-to-one relationships. This bilateral relationship advocated by Eiglier and Langeard considers the customer as an integral part of the service during its consumption and leads to the Consumer Empowerment that recognizes the power of the client in determining the strategies of the companies. This power has been reinforced by the web which has facilitated access to information and made sharing faster, especially with the advent of social media. The objective of this article is to analyze how the emergence of social media has reshaped the relationship between luxury brands in hospitality industry and consumers, fostering a shift toward personalized and participatory marketing strategies. The analysis is based on a conceptual review of the literature, aiming to explore the evolving dynamics between luxury hospitality industry and consumers in the context of social media. Finally, the article clarifies its theoretical grounding by relying on Consumer Empowerment and relational marketing to explain the evolving role of the consumer in the luxury sector. JEL Classification: M30 Paper type: Theoretical Research

Keywords

Co-creation of value, Relational Marketing, Social Media Engagement Luxury Industry Co-creation of value Relational Marketing Digital transformation JEL Classification: M30 Paper type: Theoretical Research, Digital transformation JEL Classification: M30 Paper type: Theoretical Research, [SHS] Humanities and Social Sciences, Social Media Engagement, Luxury Industry, Co-creation of value, Relational Marketing, Digital transformation, Social Media Engagement, Luxury Industry

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
Green
gold