Advances in Economics, Management and Political Sciences

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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

Yuyue Gui * 1 , Yujia Han 2 , Haitian Zhou 3 , Xinyi Chen 4
1 Business School, Durham University, Stockton Road Durham DH1 3LE, United Kingdom
2 School of Commerce, The University of New South Wales, Sydney 2052, Australia
3 Maxwell School of Citizenship and Public Affairs, Syracuse University,110 Eggers Hall, 13244, United States
4 Department of statistics, Tamkang University, New Taipei City 251301, China

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 3, 106-121
Published 21 March 2023. © 21 March 2023 The Author(s). Published by EWA Publishing
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.
Citation Yuyue Gui, Yujia Han, Haitian Zhou, Xinyi Chen. Market Volatility of the Chinese and U.S Stock Based Hospitality Industry during the Pandemic. AEMPS (2023) Vol. 3: 106-121. DOI: 10.54254/2754-1169/3/2022771.

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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2. Khan, K., Han, Z., & Muhammad Haroon, S. (2020). The Impact of COVID-19 Pandemic on Stock Markets: An Empirical Analysis of World Major Stock Indices -The Journal of Asian Finance, Economics and Business | Korea Science., https://www.koreascience.or.kr/article/JAKO202020952022559.page

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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
21 March 2023
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

Copyright © 2023 EWA Publishing. Unless Otherwise Stated