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Financial performance of selected hotel groups and resorts during COVID-19 pandemic: 2019/2020 comparison
Hotel and Tourism Management ; 10(1):41-51, 2022.
Article in English | CAB Abstracts | ID: covidwho-1924568
ABSTRACT
The outbreak of COVID-19 brought many negative effects in different regions and economic areas. However, the hotel industry suffered the most adverse effects due to restrictions and measures imposed by countries. Hence, hotels took substantial hit on their financial performance and efficiency. The adverse impact was not same for all hotels across the globe. The extent to which they will record worsening financial performance depends on the implemented governmental measures and actions taken by the hotels. Assessment of changes in revenues, expenses and expense to revenues ratio shows the magnitude of the impact induced by the pandemic. The findings suggest that most hotels have suffered a substantial loss in revenues and significant increase in expense to revenues ratio.
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Full text: Available Collection: Databases of international organizations Database: CAB Abstracts Type of study: Health economic evaluation / Randomized controlled trials Language: English Journal: Hotel and Tourism Management Year: 2022 Document Type: Article

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Full text: Available Collection: Databases of international organizations Database: CAB Abstracts Type of study: Health economic evaluation / Randomized controlled trials Language: English Journal: Hotel and Tourism Management Year: 2022 Document Type: Article