To answer this question, we investigate knowledge on over 1200 travel and leisure firms in fifty two nations. We contemplate eighty traits, corresponding to firm monetary ratios, macroeconomic variables, and government policy responses. Using regressions and machine learning instruments, we reveal that firms with low valuations, restricted leverage, and high investments have been extra resistant to the pandemic-induced crash. We additionally find a useful impact of stringent containment and closure policies. Finally, our results indicate that international locations with less individualism could also be better positioned to cope with the pandemic. Our findings have implications for regulatory bodies, managers, and …