skip to main content
Language:
Search Limited to: Search Limited to: Resource type Show Results with: Show Results with: Search type Index

Insidious Impact of the COVID-19 Pandemic on Leverage of the Tourism and Hospitality Sector in India

Managing global transitions, 2024-03, Vol.22 (1), p.73-93

2024. This work is published under https://creativecommons.org/licenses/by-nc-nd/4.0/ (the“License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License. ;ISSN: 1581-6311 ;EISSN: 1854-6935 ;DOI: 10.26493/1854-6935.22.73-93

Full text available

Citations Cited by
  • Title:
    Insidious Impact of the COVID-19 Pandemic on Leverage of the Tourism and Hospitality Sector in India
  • Author: Joo, Bashir Ahmad ; Mir, Simtiha Ishaq
  • Subjects: Balance sheets ; COVID-19 ; Debt ; Debt financing ; Debt service ; Default ; Deleveraging Risk ; Economic development ; Financial leverage ; GDP ; Gross Domestic Product ; Hospitality industry ; Leverage ; Logit ; Operating costs ; Pandemics ; Resilience ; Tourism ; Travel and Hospitality ; Travellers
  • Is Part Of: Managing global transitions, 2024-03, Vol.22 (1), p.73-93
  • Description: The COVID-19 pandemic has had a massive cascading effect on the entire tourism and hospitality sector, acting as a demand shock, affecting not only customary travellers but also wiping out any transient demand. The upside of these difficult circumstances is that they can be used to test the sector s resilience. In this context, this paper analyses the deleveraging risk that industry players in India face by employing a qualitative response model, 'Logit'. The study concludes that the deleveraging risk that sector players face depends upon the amount of debt and leverage ratios, both during the pre-and post-pandemic period. However, the influence of other financial indicators on deleveraging has been different in terms of its intensity and bi-directional impact. Moreover, during COVID-19 deleveraging tendencies were noticed only in 204 firms, compared to 242 firms before COVID-19, discrediting the forced deleveraging as predicted in the literature.
  • Publisher: Koper: University of Primorska, Faculty of Management in Koper
  • Language: English
  • Identifier: ISSN: 1581-6311
    EISSN: 1854-6935
    DOI: 10.26493/1854-6935.22.73-93
  • Source: Open Access: DOAJ Directory of Open Access Journals
    Coronavirus Research Database
    ROAD: Directory of Open Access Scholarly Resources
    ProQuest Central
Back to results list
INSPIRE LIBRARY - TON DUC THANG UNIVERSITY (84-028) 37 755 057 Feedback
19 Nguyen Huu Tho St. Dist.7, HCM thuvien@tdtu.edu.vn

Copyright © 2017 INSPIRE LIBRARY - TON DUC THANG UNIVERSITY

Searching Remote Databases, Please Wait