2022
DOI: 10.2991/aebmr.k.220405.333
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The Impact of COVID-19 on the Stock Prices of China’s Hotel and Catering Industry

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“…this was the case from January to March 2020. (See Figure 1) [9]. Independent and upscale hotels were hit the hardest, while mid-priced and low-priced hotel chains were relatively unaffected.…”
Section: Covid-19mentioning
confidence: 99%
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“…this was the case from January to March 2020. (See Figure 1) [9]. Independent and upscale hotels were hit the hardest, while mid-priced and low-priced hotel chains were relatively unaffected.…”
Section: Covid-19mentioning
confidence: 99%
“…This resulted in substantial fixed expenses such as labor costs and rent, in addition to significant losses due to raw material costs. According to the survey, only 9% of restaurants had the ability to maintain liquidity for more than three months; 31% were able to maintain cash flow for one to two months, and 27% said they could not continue in business [9].…”
Section: Covid-19mentioning
confidence: 99%
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