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According to Eurostat, Germany is the largest home tourism market inside Europe with a median of four nights that a German annually spends in German hotels. What protects travel and leisure corporations from a world pandemic, similar to COVID-19? To reply this question, we investigate information on over 1200 travel and leisure companies in 52 nations. We contemplate eighty characteristics, corresponding to company monetary ratios, macroeconomic variables, and authorities coverage responses. Using regressions and machine learning instruments, we reveal that firms with low valuations, limited leverage, and high investments have been more immune to the pandemic-induced crash. We also find a helpful effect of stringent containment and closure insurance policies.
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- Industry Insights Japan’s Hotel Industry Boom An improve in demand for scarce luxurious resorts