The impact of <scp>COVID</scp>‐19 pandemic on hospitality stock returns in China

Lee, Chi Chuan; Wu, Yizhong

doi:10.1002/ijfe.2508

Cited by 75 publications

(54 citation statements)

References 60 publications

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“…Lee et al [34] tested the impact of COVID-19 on hospitality stock returns in China. They argue that the increasing uncertainty about the COVID-19 outbreak has made the Chinese stock market more turbulent and less predictable.…”

Section: Covid-19's Impact On the Hospitality Industrymentioning

confidence: 99%

COVID-19, government measures and hospitality industry performance

et al. 2021

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This study explores the interplay between public measures adopted by the U.S. government to combat COVID-19 and the performance of the American hospitality industry. The recent global pandemic is a natural experiment for exploring the role of government interventions and their direct impact on hospitality stock returns in the U.S. financial market. Overall, our findings show that most of the government interventions were associated with a negative response in the returns of the hospitality industry, a response that became more negative as the COVID-19 pandemic evolved. Similar patterns were also detected for other industries such as entertainment and transportation that are closely related to hospitality. The findings we document are fundamental to understanding the trends and fluctuations in hospitality stocks in the current crisis and any similar crisis in the future.

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Section: Covid-19's Impact On the Hospitality Industrymentioning

confidence: 99%

COVID-19, government measures and hospitality industry performance

et al. 2021

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“…Some recent papers are focusing in analyzing the effects of the pandemic on the stock prices and value creation of hotel firms. Lee et al. (2021) find that macroeconomic fluctuations and hospitality stock returns are significantly affected by shocks from the COVID-19 outbreak in China.…”

Section: Literature Reviewmentioning

confidence: 90%

The impact of COVID-19 outbreak on hotels’ value compared to previous diseases: the role of ALFO strategy

García-Gómez

Demir

Díez-Esteban

et al. 2021

Heliyon

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By using the Event Study Method (ESM), this paper aims to examine the effect of new coronavirus (SARS-CoV-2) disease (COVID-19) outbreak on the market performance of the hotel industry in the U.S. We also compare the impact of COVID-19 outbreak with three previous diseases outbreaks. The results show that there is a negative influence of the diseases outbreaks on stock returns of hotels in the U.S. However, the impact of COVID-19 is incomparably higher in magnitude compared to previous diseases. Furthermore, given the importance of following flexible corporate strategies to adapt to new and unpredicted situations, it is found that the ALFO (assets-light, fee-orientated) strategy acts as a mitigator for the predicted market value drop due to the pandemic.

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“…In addition, the results presented here are still limited in terms of time, human resources, and technology. A number of recent studies have described the impact of the Covid-19 pandemic on exchange rates and its effect on the stock market (Lee et al 2021). These impacts also indirectly affect banking business activities (Zhang et al 2020).…”

Section: Discussionmentioning

confidence: 99%

Improvement of Service Quality in the Supply Chain of Commercial Banks—A Case Study in Vietnam

Nguyen

2021

JRFM

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The outbreak of the Covid-19 pandemic caused a serious impact on the business activities of enterprises and households, affecting the operation of banks around the world, especially for capital mobilization from those with savings deposits at commercial banks. In face of the unpredictable developments of the pandemic, many services of banks in Vietnam were also affected, so it has been necessary to make a plan to maintain business operations and respond effectively to these difficulties. In this study, the authors used three research models to form a three-dimensional frame of reference (past, present, and future) to identify, analyze, and evaluate the factors affecting the service quality of commercial banks’ savings deposit mobilization, and to suggest solutions that can minimize risks and improve customer satisfaction for savings deposits at commercial banks, improve service quality to avoid potential long-term risks, as well as maintain sustainable growth and social stability in the future.

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The impact of COVID‐19 pandemic on hospitality stock returns in China

Cited by 75 publications

References 60 publications

COVID-19, government measures and hospitality industry performance

COVID-19, government measures and hospitality industry performance

The impact of COVID-19 outbreak on hotels’ value compared to previous diseases: the role of ALFO strategy

Improvement of Service Quality in the Supply Chain of Commercial Banks—A Case Study in Vietnam

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