Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

The Effect of Corona Virus Disease 2019 (COVID-19) on the Stock Performances of Hospitality and Airline Industries

Authors
Zhiyi Cui1, *, , Yihua Xu2, , Zhanwen Zhu3,
1Business School, University of Jinan, Jinan, 250002, China
2College of Modern Economics &Management Jiangxi University of Finance and Economics,330199, Nanchang, China
3School of Foreign Languages, South China University of Technology, Guangzhou, 510641, China

Those authors contributed equally.

*Corresponding author email: ZCUI200@caledonian.ac.uk
Corresponding Author
Zhiyi Cui
Available Online 26 March 2022.
DOI
https://doi.org/10.2991/aebmr.k.220307.120How to use a DOI?
Keywords
COVID-19; Stock price; Hospitality industry; Airline industry; Investor sentiment; Government’s policy
Abstract

The current global economy absolutely experienced a serious impact from Corona Virus Disease 2019 (COVID-19) pandemic. The COVID-19 pandemic not only brought various challenges and probabilities to many industries but also affected the future development trend and competition pattern of the industry. This paper focused on two industries including hospitality industry and airline industry about their stock changes before and after pandemic. This thesis also summarized the changes of substantial economy and stock prices of the hospitality industry and airline industry, based on a number of previous literature. In addition, influencing factors of stock price, such as investor sentiment were analyzed, and the impacts of government actions on these two industries were also summarized. In summary, both of the hospitality and airline industries experienced a period of sharp decline and slow recovery. This paper could provide a conclusion and reference for further research.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Download article (PDF)

Volume Title
Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
26 March 2022
ISBN
978-94-6239-554-1
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.220307.120How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Zhiyi Cui
AU  - Yihua Xu
AU  - Zhanwen Zhu
PY  - 2022
DA  - 2022/03/26
TI  - The Effect of Corona Virus Disease 2019 (COVID-19) on the Stock Performances of Hospitality and Airline Industries
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 743
EP  - 747
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.120
DO  - https://doi.org/10.2991/aebmr.k.220307.120
ID  - Cui2022
ER  -