Impact of the Russia–Ukraine war on hospitality equity markets

Faruk Balli, Syed Billah and Iftekhar Chowdhury

Tourism Economics, 2023, vol. 29, issue 8, 2206-2215

Abstract: This study explores the impact of the Russian–Ukraine war on the hospitality equity sector market for the selected 26 countries. It reveals a sharp spike in the return connectivity at the onset of the war. The return of the sector materializes more sensitivity when tourism demand from Russia and Ukraine is more extensive and when a country has a higher energy dependency on Russia. Overall results consistently stipulate the aspect of the efficient market hypothesis.

Keywords: Russia–Ukraine war; hospitality equity sectors/indices; return connectivity; TVP-VAR connectedness; E34; G12; G14; J15 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/13548166221133493 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:29:y:2023:i:8:p:2206-2215

DOI: 10.1177/13548166221133493

Access Statistics for this article

More articles in Tourism Economics
Bibliographic data for series maintained by SAGE Publications ().