What protects journey and leisure firms from a world pandemic, harking back to COVID-19? To answer this question, we have a look at knowledge on over 1200 journey and leisure companies in 52 nations. We take into accounts eighty traits, similar to company financial ratios, macroeconomic variables, and authorities Hotels protection responses. Using regressions and machine learning devices, we current that companies with low valuations, restricted leverage, and extreme investments have been further resistant to the pandemic-induced crash. We furthermore uncover a helpful impression of stringent containment and closure insurance coverage protection insurance coverage insurance policies.
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