Resilience of the Tourism, Restaurant and Hospitality Sector in Indonesia during the Crisis Period
Journal Title: International Journal of Social Science And Human Research - Year 2023, Vol 6, Issue 06
Abstract
The tourism, restaurant and hotel industries are among the sectors that have been hit hardest by the impact of the Covid-19 pandemic. This was proven by a decrease of 5.32% due to the decreasing purchasing power of the people and concerns about government regulations regarding large-scale social restrictions (PSBB) which had an impact on many companies going out of business. These conditions resulted in companies engaged in the hotel, tourism and restaurant sector experiencing enormous losses so that they could no longer survive or what is referred to as financial distress. This study aims to analyze the financial distress of companies impacted by the Covid-19 pandemic, including hotels, tourism and restaurants using a quantitative descriptive research method. The data collection technique uses purposive sampling and the data used is secondary data in the form of published financial reports for the period 2019 – 2021. Data analysis uses the Altman Z-Score discriminant ratio model. From the tests that have been carried out there are various companies. And for companies that are consistently in a safe area, including FAST, MINA, NASA, PGJO, PSKT, and PZZA.
Authors and Affiliations
Clara Kristika Putri Nanda
Keywords
Related Articles
- EP ID EP718189
- DOI 10.47191/ijsshr/v6-i6-77
- Views 64
- Downloads 0
Protection of Exclusive Rights for Inventors in Order to Prevent Intellectual Property Infringement
This research was conducted to determine protection and law enforcement practices related to exclusive rights for inventors in the context of preventing intellectual property violations in Indonesia. In practice, patents...
Public Perception Index towards Civil Registry Service of Pamekasan Regency
Measuring public perception index on a certain public service is considered to be important if we want to determine its quality. This study was aimed to measure public perception index towards Civil Registry Service in P...
Leadership in Times of Uncertainty: Proactive Crisis Leadership andStrategic Vigilance among School Administrators in a Selected PrivateHigher Education Institution
This study examines the strategic vigilance and crisis leadership competencies of school administrators, highlighting the critical importance of these skills in navigating the complex and unpredictable landscape of moder...
The Lived Experiences of the Persons with Disabilities(PWDs) in the Workplace: A Phenomenological Study
This study explored the lived experiences of the PWDs in the workplace.This research employed the phenomenological approach. Necessary data were obtained through semi-structured interview and observations. Two participan...
The Influence of Principal Situational Leadership, Teacher Work Climate and Teacher Job Satisfaction with Teacher Performance at SDN in Awayan District
Teacher performance is entirely dependent on the teacher's efforts to provide the learning process in order to meet educational objectives. This study employing a quantitative investigation utilizing an associative techn...