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http://dx.doi.org/10.9723/jksiis.2018.23.3.073

An Impact on the Hospitality Industry with Rare Resource and Sharing Economy Platform: Case of Airbnb and Kozaza  

Park, Hyunjun (Incheon National University, Business Administration)
Yoo, Youngtae (Incheon National University, Business Administration)
Publication Information
Journal of Korea Society of Industrial Information Systems / v.23, no.3, 2018 , pp. 73-86 More about this Journal
Abstract
An analysis of Airbnb and Kozaza will show how valuable and rare resource can have an impact on company performances. Airbnb applied the sharing economy platform, and this business model had disrupted the hospitality industry. Thus, this paper will investigate a Korean company called Kozaza which had benchmarked Airbnb. Furthermore, it will apply the theory of VRIO framework, which consists of how valuable, rare, costly to imitate (imitability), and organization (exploited by the organization) to find competitiveness of Kozaza in the hospitality industry. Thus, it will attempt to show that Kozaza's business model of utilizing the unused resource of Hanok (traditional Korean house) and partnerships with Hanokstay, Seoul Metropolitan Government and Soul Tourism Organization and others have enhanced their resource and capability to strengthen their business model. Furthermore, this research will explore how Kozaza can competitively be successful in the future.
Keywords
Airbnb; Kozaza; Sharing Economy; Resources and Capabilities; Online to Offline; Millennial;
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Times Cited By KSCI : 1  (Citation Analysis)
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