Entertainment Industry under Normalized Covid-19 Pandemic: An Empirical Evidence Based on Time-series Model

In January 2020, the coronavirus, known as COVID-19 launched first strike in Wuhan China, shutting down local economy and causing massive loss. The expeditious spread of then became a global epidemic. ubiquitous virus is jeopardizing both home life economical life. main objective this paper to examine how tourism, catering, hotel stock returns respond stress Covid-19 pandemic Chinese market. Secondary data 3 collective stocks well for China overseas have been collected from Choice.eastmoney.com WHO website 23rd 2020 21st 2021. This employs an ARMA model, VAR ARMA-GARCH model analyzing changes market volatility. finds adverse effects domestic on three markets, with hospitality being least affected one. Neither nor newly confirmed cases significantly influence volatility observed industries. results are appliable investors policymakers.