Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 6th International Conference on Economic Management and Green Development (ICEMGD 2022), Part Ⅰ
Series Vol. 3 , 21 March 2023
Open
Access | Article
Market Volatility of the Chinese and U.S Stock Based Hospitality Industry during the Pandemic
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Abstract
The aftermath of the Covid-19 virus has negatively jeopardized nearly the overall industries globally. Many studies have pointed out effluent suggestions to ameliorate the influence of such a disaster. However, without the supplement of well-knitted mathematical models and methodologies, these assertions will be merely invalid and even will result in a negative impact on the global economy. The purpose of this paper is to elaborate on the effects of stock prices in multi-international hotel industries. In particular, the research investigates the performance of four stocks two high ending hotel leading stocks and two average stocks, and each category consists of one Chinese stock and one American stock. In order to demonstrate the rationality and objectivity of this paper, we will utilize the Efficient Market Hypothesis as a prerequisite of this research, and we presume that the market efficiency during the pandemic for the hotel industries in both countries has had a weak form by employing several authentic studies to back up the contention. In addition, we will forthputting various applications of statistic methodologies to illustrate that there is a correlation between the prevail of Covid-19 and the volatility of stocks. In a nutshell, the meaning of this study is that it is able to exhibit the correlation between the spreading of the Covid and the price of those stocks in order to facilitate the process of decision making for potential investors in the near future.
Keywords
Covid-19, Luxury hospitality, Hotel industry, Market Efficiency Hypothesis., Stocks, Single variable regression model, Budget hospitality
References
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 6th International Conference on Economic Management and Green Development (ICEMGD 2022), Part Ⅰ
- ISBN (Print)
- 978-1-915371-15-7
- ISBN (Online)
- 978-1-915371-16-4
- Published Date
- 21 March 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/3/2022771
- Copyright
- © 2023 The Author(s)
- 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