The study at hand was made in the aims to investigate, and correlate between the Gross Regional Product (GRP) of Bali with the effects of Covid-19 on the tour and travel industry. The data used in the study is based on secondary data procured from notable and trustworthy websites such as the Government Statistics Department (BPS) and publishes only found in Google Scholar and Emerald. The data was collected with a quantitative approach in mind resulting in most of the data being analytical data and statistics. The state of the industry of tour and travel represented by the ratio and number of rooms occupied during a given year shows a significant drop from the then 59,56% to 15,61% and number of visitors dropped immensely, close to 83% from the year before. The effect it had on Bali’s GRP is a reversal in economic growth from 252.138.88 to 224.214.11 billion rupiah.
Fintech innovation is one of the corporate strategies to increase profitability and firm performance. This study examines the firm's performance before and after the company launches fintech products. The sample of this study is the companies running fintech innovations for two years and previously also operated without them, which consisted of 19 companies from 51 licensed e-money providers in Indonesia. This limitation occurs because there are still many companies that have not published their financial statements. The event study method and paired sample t-test were used to test the research hypothesis. The results indicate a significant change in return on assets (ROA) but no significant change in return on equity (ROE). This study can contribute to the fintech industry regarding the profitability impact on companies before and after launching fintech products in Indonesia
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