Research background: Financial stability is very important for each enterprise. A financially stable enterprise can resist or handle unpleasant situations. Such situations can be a test of the existence, endurance, or the question of whether an enterprise can recover from such a difficult state. The main topic is the issue of ratio indicators and the impact of the COVID-19 pandemic on the hospitality sector.
Purpose of the article: The main aim of the paper is to describe and quantify the impact of the global COVID-19 pandemic on the hospitality industry and to assess crucial changes in the financial performance and stability of the sector considering the significant financial indicators of ex-post and ex-ante analysis.
Methods: To achieve the main aim of the paper, ratio analysis was used and the development of the financial indicators was measured over a 5-year horizon. Friedman non-parametric test was used to reveal the differences in the development of the ratios and measure the impact of the global COVID-19 pandemic.
Findings & Value added: Analysis and subsequent monitoring of the development of ratio financial indicators is an important step towards knowing the extent to which the industry is financially healthy and how its activities are affected by the global coronavirus pandemic. By exposing the weaknesses, the problems can be prevented in the future, not only in the context of funds, but it can also lead to the setting out of short-term and long-term strategies and goals that will make the sector more stable and competitive even in times of crisis.