GARCH Model for Determining COVID-19 Pandemic Effect on Hospitality Stock Returns
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The hospitality industry contributes about 6.23% to the GDP of a country and 8.78% of employment in the country. This sector has seen strong growth in recent years due to the massive inflow of foreign travelers, and the movement of national tourists has also increased. World stock markets are declining now as investors become more concerned about the economic impact of the COVID-19 pandemic. Hotels, travel & tourism, and airlines have also experienced enormous losses. This study examines the effect of hospitality stock returns during the COVID-19 pandemic period,
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GARCH Model for Determining COVID-19 Pandemic Effect on Hospitality Stock Returns
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