We show that the stringency of government restrictions has a unfavorable influence on stock returns even after controlling for the pandemic itself. Moreover, inventory prices of travel and leisure firms with a smaller measurement, less tangibility, and higher cash reserves are more resilient to the COVID-19 related authorities restrictions. Restrictions have the very best impression on airways, adopted by travel and tourism and casinos and playing sectors. Our empirical findings present priceless policy implications for travel and leisure agency managers, monetary traders, and policymakers. Rosewood Hotels & Resorts manages a world assortment of 29 one-of-a-kind luxurious hotels, resorts, and residences in 17 nations.
- Airbnb is poised to “modestly” enhance advertising spend within the second half of the year as it eyes enlargement into new markets.
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