Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
Series Vol. 69 , 08 January 2024
Open
Access | Article
Financial Statement Analysis of Expedia and TCO before and after COVID-19
* Author to whom correspondence should be addressed.
Abstract
Due to the outbreak of the epidemic, the global economic situation has been greatly affected, among which the two most serious impacts are the fluctuations of the global financial market and the regression of the global tourism industry, whether it is the sharp decline of the stock market or the foreign exchange market, or the travel ban of many countries and the suspension of major airlines. All of these have led to severe turmoil in the global economy, so how to recover the economy has become a particularly critical global issue. In this paper, the financial statements of two well-known travel companies, Expedia and TCOM, are theoretically analyzed and calculated. It can be clearly seen that the post-epidemic economic recovery is remarkable when the epidemic is in progress, and the two companies are expected to reach the pre-epidemic peak point or even exceed the peak point in the next five years through discounted cash flow calculations.
Keywords
Tourism, Travel Restriction, Covid-19, Financial Crisis, Discounted Cash Flow
References
1. Adedoyin O B, Soykan E. 2023. Covid-19 pandemic and online learning: the challenges and opportunities[J]. Interactive learning environments, 31(2): 863-875.
2. Cyranoski, D., 2020. What China’s coronavirus response can teach the rest of the world. Nature, 579(7800), pp.479-480.
3. GitaGopinath, April 14, 2020. The Great Lockdown: Worst Economic Downturn Since the Great Depression, IMF BLOG. Available at:https://www.imf.org/en/Blogs/Articles/2020/04/14/blog-weo-the-great-lockdown-worst-economic-downturn-since-the-great-depression
4. Ye Liya. 2004. The Second “landing” of Ctrip [J]. IT Manager World, (6): 42-45.
5. World Health Organization. Available at:https://www.euro.who.int/en/health-topics/health-emergencies/coronavirus-covid-19/novel-coronavirus-2019-ncov
6. Liu Weidong. 2020. Impact of COVID-19 on economic globalization. GEOGRAPHICAL RESEARCH, 39(7).
7. Liu, Y., Kuo, R. and Shih, S., 2020. COVID-19: The first documented coronavirus pandemic in history. Biomedical Journal, 43(4), pp.328-333.
8. WHO issues its first emergency use validation for a COVID-19 vaccine and emphasizes need for equitable global access. World Health Organization. Available at https://www.who.int/news/item/31-12-2020-who-issues-its-first-emergency-use-validation-for-a-covid-19-vaccine-and-emphasizes-need-for-equitable-global-access
9. Bao Fuhua, Li Ling, & Zheng Qiuchan. (2013). Business model analysis of Internet tourism enterprises — A case study of Ctrip Travel Service Company. Ecological Economics, (3), 156-159.
10. Lea R. 2021. The Bank’s central case: vaccination programme should lead to easing of restrictions and rapid recovery [J]. Arbuthnot Banking Group, 8.
Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. Authors who publish this series agree to the following terms:
1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this series.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this series.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See Open Access Instruction).
- Volume Title
- Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
- ISBN (Print)
- 978-1-83558-269-5
- ISBN (Online)
- 978-1-83558-270-1
- Published Date
- 08 January 2024
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/69/20231259
- Copyright
- 08 January 2024
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited