Artificial Intelligence in Tourism Businesses: Financial Resilience, Organisational Adaptation and Performance Drivers—A Systematic Literature Review
Abstract
1. Introduction
2. Theoretical Background
2.1. AI-Related Technology in the Tourism Industry
2.2. Organisational Performance
2.3. AI, Financial Fragility and Resilience in Tourism Businesses
3. Materials and Methods
4. Results
4.1. Production Based-Measurements
4.1.1. Resources
4.1.2. Most Relevant Authors and Most Cited Documents
4.1.3. Production and Collaboration by Countries
4.2. Conceptual Structure
5. Discussion
6. Conclusions
6.1. Theoretical and Practical Implications
6.2. Limitations and Future Research Directions
Author Contributions
Funding
Institutional Review Board Statement
Informed Consent Statement
Data Availability Statement
Conflicts of Interest
References
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| Keyword Block | Function in the Study | Search Terms/Coding Terms |
|---|---|---|
| Artificial intelligence block | Mandatory search block | “artificial intelligence”, “AI”, “machine learning”, “deep learning”, “robot*”, “service robot*”, “big data”, “smart technolog*”, “intelligent system*”, “Internet of Things”, “IoT” |
| Tourism block | Mandatory search block | “tourism”, “hospitality”, “hotel*”, “travel”, “tourist*”, “destination*” |
| Performance block | Mandatory search block | “performance”, “business performance”, “organisational performance”, “organizational performance”, “financial performance”, “firm performance”, “productivity”, “competitiveness”, “efficiency”, “innovation”, “service quality”, “customer satisfaction” |
| Financial resilience/fragility/risk block | Analytical coding block applied to the final dataset | “financial resilience”, “financial fragility”, “financial vulnerability”, “risk management”, “liquidity”, “solvency”, “profitability”, “cost reduction”, “revenue volatility”, “shock”, “crisis”, “business continuity”, “adaptive capacity”, “resilience” |
| Element | Description |
|---|---|
| Database | Web of Science Core Collection |
| Search date | 4 December 2025 |
| Search field | Topic search, including title, abstract, author keywords, and Keywords Plus |
| Search query | TS = ((“artificial intelligence” OR “AI” OR “machine learning” OR “deep learning” OR “robot*” OR “service robot*” OR “big data” OR “smart technolog*” OR “intelligent system*” OR “Internet of Things” OR “IoT”) AND (“tourism” OR “hospitality” OR “hotel*” OR “travel” OR “tourist*” OR “destination*”) AND (“performance” OR “business performance” OR “organisational performance” OR “organizational performance” OR “financial performance” OR “firm performance” OR “productivity” OR “competitiveness” OR “efficiency” OR “innovation” OR “service quality” OR “customer satisfaction”)) |
| Filters applied | Peer-reviewed journal articles; English language; Business Economics category; publication period 2019–2023 |
| Inclusion criteria | Articles addressing AI-related technologies in tourism or hospitality businesses and their relationship with performance, innovation, management, or organisational outcomes |
| Exclusion criteria | Non-peer-reviewed documents; non-English documents; records outside the selected period or subject category; articles unrelated to AI, tourism, or business performance after title, abstract, and keyword screening |
| Screening stages | Initial WOS search; application of database filters; title, abstract, and keyword screening; exclusion of unrelated articles; final validation of 146 articles |
| Initial records after filtering | 184 articles |
| Final dataset | 146 articles |
| Coder count | Three authors independently participated in the coding process. |
| Coder agreement | Inter-rater reliability was assessed using Cohen’s Kappa coefficient (κ = 0.78), indicating substantial agreement among coders. |
| Conflict resolution rule | Disagreements were discussed among the authors until consensus was reached |
| Software used | Biblioshiny/Bibliometrix (bibliometrix R package, version 4.1.4; RStudio version 2023.06.1) for bibliometric analysis |
| Coding Element | Description | Illustrative Examples |
|---|---|---|
| Unit of analysis | Individual article included in the final dataset of 146 records. | Each WOS-indexed article retained after screening. |
| Textual fields analysed | Title, abstract, author keywords, Keywords Plus, and full text when required. | Papers with ambiguous abstracts were checked in full text. |
| AI-related technologies | Identification of the main technological focus of each paper. | AI, machine learning, robotics, big data, IoT, smart technologies. |
| Tourism business context | Identification of the tourism setting or organisational unit analysed. | Hotels, hospitality firms, travel agencies, destinations, tourism SMEs. |
| Performance outcomes | Identification of business, organisational, service, or economic outcomes. | Operational efficiency, customer satisfaction, productivity, innovation, competitiveness, financial performance. |
| Financial resilience, fragility, and risk-management implications | Identification of direct or indirect links with vulnerability, risk, or shock absorption. | Liquidity pressures, revenue volatility, cost reduction, demand forecasting, dynamic pricing, business continuity, adaptive capacity. |
| Coding approach | Combination of deductive categories derived from the research questions and inductive codes emerging from the reviewed literature. | Forecasting and resource optimisation were inductively linked to resilience-related implications. |
| Synthesis rule | Coded categories were compared with bibliometric outputs to interpret dominant and emerging themes. | Co-occurrence and thematic evolution results were interpreted in relation to performance and resilience categories. |
| Consistency procedure | Disagreements in coding were discussed among the authors until consensus was reached. | Ambiguous papers were reassessed jointly. |
| Category | Classification Rule | Examples of Terms or Themes |
|---|---|---|
| Direct financial resilience focus | Articles explicitly addressing financial performance, vulnerability, fragility, liquidity, solvency, profitability, risk management, or shock absorption. | financial performance; financial vulnerability; liquidity; profitability; risk management; shock absorption |
| Indirect resilience-related implications | Articles discussing mechanisms that may support resilience without explicitly framing them as financial resilience. | demand forecasting; dynamic pricing; cost reduction; resource optimisation; operational flexibility; business continuity; crisis response |
| No explicit resilience connection | Articles focused mainly on technological adoption, customer experience, service quality, or innovation without financial or resilience-related implications. | AI acceptance; customer satisfaction; service robots; smart tourism; user experience |
| Total | Final dataset retained after screening. | 146 articles |
| Documents Written | No. of Authors | Proportion of Authors |
|---|---|---|
| 1 | 453 | 95.0% |
| 2 | 20 | 4.2% |
| 3 | 3 | 0.6% |
| 6 | 1 | 0.2% |
| Country | Articles | Articles % | SCP | MCP | MCP % |
|---|---|---|---|---|---|
| China | 53 | 36.3 | 34 | 19 | 35.8 |
| Usa | 13 | 8.9 | 5 | 8 | 61.5 |
| United Kingdom | 8 | 5.5 | 4 | 4 | 50 |
| India | 6 | 4.1 | 5 | 1 | 16.7 |
| Italy | 6 | 4.1 | 3 | 3 | 50 |
| Korea | 6 | 4.1 | 5 | 1 | 16.7 |
| Germany | 5 | 3.4 | 3 | 2 | 40 |
| Spain | 5 | 3.4 | 3 | 2 | 40 |
| Australia | 4 | 2.7 | 2 | 2 | 50 |
| Saudi Arabia | 4 | 2.7 | 3 | 1 | 25 |
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Marino-Romero, J.A.; Sanguino, Á.-S.M.; Crespo-Cebada, E.; Díaz-Caro, C. Artificial Intelligence in Tourism Businesses: Financial Resilience, Organisational Adaptation and Performance Drivers—A Systematic Literature Review. J. Risk Financial Manag. 2026, 19, 379. https://doi.org/10.3390/jrfm19060379
Marino-Romero JA, Sanguino Á-SM, Crespo-Cebada E, Díaz-Caro C. Artificial Intelligence in Tourism Businesses: Financial Resilience, Organisational Adaptation and Performance Drivers—A Systematic Literature Review. Journal of Risk and Financial Management. 2026; 19(6):379. https://doi.org/10.3390/jrfm19060379
Chicago/Turabian StyleMarino-Romero, Jorge Alberto, Ángel-Sabino Mirón Sanguino, Eva Crespo-Cebada, and Carlos Díaz-Caro. 2026. "Artificial Intelligence in Tourism Businesses: Financial Resilience, Organisational Adaptation and Performance Drivers—A Systematic Literature Review" Journal of Risk and Financial Management 19, no. 6: 379. https://doi.org/10.3390/jrfm19060379
APA StyleMarino-Romero, J. A., Sanguino, Á.-S. M., Crespo-Cebada, E., & Díaz-Caro, C. (2026). Artificial Intelligence in Tourism Businesses: Financial Resilience, Organisational Adaptation and Performance Drivers—A Systematic Literature Review. Journal of Risk and Financial Management, 19(6), 379. https://doi.org/10.3390/jrfm19060379

