The Impact of COVID-19 on Hotel Industry: Evidence from Financing

Abstract

Since COVID-19 has been exposed to the world, every industry has been significantly negative affected, among which the hotel industry has been influenced the most. With this in mind, an empirical analysis will be carried out for the sake of investigating the corresponding impacts of the pandemic on the hotel industry based on specific cases of giant representative corporation. According to the analysis, this study will conclude the effects that were caused due to COVID-19, the common financing methods that most hotels will use and implement to address the issues. There are some income statements being used in this research from the Marriott Hotel and Hilton Hotel, so as to quantitatively demonstrate the effects. It also includes the case study of COVID-19 affection on The Hilton Hotel. In conclusion, there will be some suggestions that were made for hotels according to the analysis and evaluations. These results shed light on guiding further exploration of hotel improvements under the condition of pandemic.