To reply this query, we examine knowledge on over 1200 travel and leisure firms in fifty two nations. We consider 80 traits, such as company monetary ratios, macroeconomic variables, and authorities coverage responses. Using regressions and machine studying tools, we show that firms with low valuations, limited leverage, and excessive investments have been more immune to the pandemic-induced crash. We also find a beneficial impact of stringent containment and closure insurance policies.
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