Location
Gran Canaria
Participation
Not sure
Type of Submission
Paper Presentation
Short Abstract
The global pandemic caused by COVID-19, declared in March 2020, has had a dramatic impact on tourism, especially in Spain, as it was one of the first countries affected by the pandemic, as well as being one of the world’s biggest tourist destinations. Stock market values are responding to the evolution of the pandemic, especially in the case of tourist companies, so being able to quantify this relationship allows us to predict the effect of the pandemic on shares in the tourism sector, improving the response to the crisis. To this end, a model has been developed to predict the behaviour of shares in the Spanish tourism sector, according to the evolution of the COVID-19 pandemic in the medium term. It has been confirmed that both the number of deaths and the number of cases diagnosed are good predictors of abnormal stock prices in the tourism sector.
Included in
THE COVID-19 AND THE STOCK MARKET BEHAVIOUR OF THE TOURISM SECTOR IN SPAIN.
Gran Canaria
The global pandemic caused by COVID-19, declared in March 2020, has had a dramatic impact on tourism, especially in Spain, as it was one of the first countries affected by the pandemic, as well as being one of the world’s biggest tourist destinations. Stock market values are responding to the evolution of the pandemic, especially in the case of tourist companies, so being able to quantify this relationship allows us to predict the effect of the pandemic on shares in the tourism sector, improving the response to the crisis. To this end, a model has been developed to predict the behaviour of shares in the Spanish tourism sector, according to the evolution of the COVID-19 pandemic in the medium term. It has been confirmed that both the number of deaths and the number of cases diagnosed are good predictors of abnormal stock prices in the tourism sector.
https://docs.lib.purdue.edu/itsa/ITSA2022/ITSA2022/38