Financial performance of selected hotel groups and resorts during COVID-19 pandemic: 2019/2020 comparison

The outbreak of COVID-19 brought many negative effects in different regions and economic areas. However, the hotel industry suffered most adverse due to restrictions measures imposed by countries. Hence, hotels took substantial hit on their financial performance efficiency. impact was not same for all across globe. extent which they will record worsening depends implemented governmental actions taken hotels. Assessment changes revenues, expenses expense revenues ratio shows magnitude induced pandemic. findings suggest that have a loss significant increase ratio.