What protects travel and leisure corporations from a world pandemic, such as COVID-19? To answer this question, we examine knowledge on over 1200 travel and leisure firms in 52 nations. We think about eighty characteristics, similar to firm financial ratios, macroeconomic variables, and government Hotels policy responses. Using regressions and machine learning tools, we show that firms with low valuations, restricted leverage, and high investments have been extra resistant to the pandemic-induced crash. We additionally find a helpful impact of stringent containment and closure insurance policies.
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- “We already are the top player in the parts of the leisure travel trade we were already in,” he added.
- On 12.12, DBS/POSB Credit and Debit Cardmembers will enjoy an extra 8% cashback on all online & offline travel