The Financial Analyses of an Entity from the Tourism Field – Between Normality and the COVID-19 Pandemic

The Financial Analyses of an Entity from the Tourism Field – Between Normality and the COVID-19 Pandemic

Number 9, September 2021  »  Finance

Lecturer Bogdan Cosmin Gomoi, PhD
"Aurel Vlaicu" University of Arad

Abstract: The COVID-19 pandemic strongly affected the national economies and the global economy as a whole. The restrictions imposed generated disruptions at the level of both material and financial flows, significantly challenging the economic entities’ resilience. Surely, the impact was stronger on smaller entities or the ones from certain fields of activity, the hotels, restaurants and catering sector being extremely affected. This article aims to provide a rough parallel financial analyses between the situation of 2019 under normal circumstances, and the situation of 2020 under pandemic circumstances for a well-established company in the Romanian hospitality industry, namely SC Turism Felix SA Băile Felix.
Classification JEL: G17, L83, H12 | Pages: 12-21

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