Prognostication of the financial health of tourism and hospitality sub-sector in India Online publication date: Thu, 20-Jul-2023
by Puja Kaura
International Journal of Indian Culture and Business Management (IJICBM), Vol. 29, No. 3, 2023
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.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Indian Culture and Business Management (IJICBM):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook