8th International Thematic Monograph – Modern Management Tools and Economy of Tourism Sector in Present Era

Evaluation of the Potential Consequences of the COVID-19 Pandemic on the Exacerbation of Corporate Crises within the Hotel Industry in the Touristic Region Banska Bystrica in Slovakia

Renáta Stanley  –   University of Economics in Bratislava, Faculty of Economic Informatics, Department of Accountancy and
Auditing, Dolnozemská cesta 1, 852 35 Bratislava 5, Slovak Republic
Renáta Pakšiová –   University of Economics in Bratislava, Faculty of Economic Informatics, Department of Accountancy and
Auditing, Dolnozemská cesta 1, 852 35 Bratislava 5, Slovak Republic 
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​​DOI:    https://doi.org/10.31410/tmt.2023-2024.365​​​​​  ​​   

Abstract:  This chapter aims to examine the companies in crisis operat­ing in the hotel industry in the Banska Bystrica Region in Slovakia, which have encountered financial difficulties and the possible consequences of the pandemic COVID-19 on their financial situation. For the research of com­panies in crisis, there were data obtained from a publicly available online state resource for the monitored period of 2018-2020. The hotel, hospitality and tourism industries are generally considered to be the most significant­ly affected by COVID-19. Many companies had their operations temporar­ily closed and some were unable to reopen. Several companies in this sec­tor have thus fallen into crisis. Companies in crisis refer to those that are in bankruptcy or at risk of bankruptcy. To identify companies in crisis, the au­thors conducted a financial analysis of the financial statements of selected companies, which are presented in this chapter.​
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Keywords:   Companies in crises; Financial analysis; COVID-19; Financial indicators

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