The impact of the COVID-19 pandemic and associated risks on the financial performance of hotels
Kinzang Pemo,
Tshewang Lhamo,
May Thet Khine
et al.
Abstract:The COVID-19 pandemic significantly impacted Thailand’s hotel and tourism sectors. This research investigates the impact of the COVID-19 pandemic on the hotel industry in Thailand, focusing on profitability, liquidity, leverage, and operating activities. Data were collected from fourteen hotels listed on the Stock Exchange of Thailand (SET) from 2018 to 2022, yielding a total of 70 firm-year observations. The data were then categorized into two periods (before and during COVID-19). Ten financial ratios of the … Show more
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