IDEAS home Printed from https://ideas.repec.org/a/ids/ijicbm/v29y2023i3p389-402.html
   My bibliography  Save this article

Prognostication of the financial health of tourism and hospitality sub-sector in India

Author

Listed:
  • Puja Kaura

Abstract

COVID-19 has an inconceivable negative impact on almost whole world but tourism and hospitality sub-sector have been affected the most. Therefore, it becomes imperative to predict future of tourism and hospitality sub-sector. Financial health is one way of determining future of any sector. There are various models for predicting the financial distress; however, one of the most reliable models under the multivariate analysis category is Altman's z-score model, with an accuracy rate ranging between 75 and 90%. The current study has been done to predict the financial distress of tourism and hospitality sub-sector in India, using the Altman Z score model. The study's findings revealed that the tourism and hospitality sub-sector is financially sound and will not face any financial distress in the near future as it has a higher Z score for the period 2018-2021, than the standard (2.99). The findings of study will be valuable for all stakeholders in their decisions.

Suggested Citation

  • Puja Kaura, 2023. "Prognostication of the financial health of tourism and hospitality sub-sector in India," International Journal of Indian Culture and Business Management, Inderscience Enterprises Ltd, vol. 29(3), pages 389-402.
    • Handle: RePEc:ids:ijicbm:v:29:y:2023:i:3:p:389-402
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=132451
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijicbm:v:29:y:2023:i:3:p:389-402. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=235 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.