The Impact of COVID-19 on China’s Tourism Industry

DOI

10.2991/aebmr.k.220405.163How to use a DOI?

Keywords

Event Study Method; COVID-19; Tourism Industry; Abnormal Income

Abstract

The novel coronavirus pneumonia in early 2020 broke out globally and was recognized by WHO as a public health emergency. It has caused great impacts on China’s economy. Investors are also facing higher uncertainty risks, and many industries are facing a severe test. This paper selects tourism industry as the research object and uses event analysis to analyse the impact of COVID-19 on tourism industry. According to the empirical results, COVID-19 has a serious and lasting impact on the tourism industry, which has suffered a setback in a short time. The results show that novel coronavirus pneumonia has a profound negative impact on the share price of tourism industry, and as the epidemic worsens, stock prices continue to fall, and the impact effect lasts longer. By studying the impact of COVID-19 on the tourism industry, we can provide scientific experience and suggestions for investors and the government to respond to the normalization of epidemic prevention and control and even unexpected events.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article distributed under the CC BY-NC 4.0 license.

Download article (PDF)

TY  - CONF
AU  - Jun Ma
PY  - 2022
DA  - 2022/04/29
TI  - The Impact of COVID-19 on China’s Tourism Industry
BT  - Proceedings of the 2022 7th International Conference on Social Sciences and Economic Development (ICSSED 2022)
PB  - Atlantis Press
SP  - 980
EP  - 983
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220405.163
DO  - 10.2991/aebmr.k.220405.163
ID  - Ma2022
ER  -