perhaps the impact on operational networking capital?

are you looking MNEs or SMEs?

why this sector?

good luck with your research

Financial flexibility and its reflection in achieving financial sustainability

It is to be compared in individual countries. Slovakia shows the highest rate of prices of food, with no measures against it by the "government", while in Poland or Hungary the prices are lower, and the governments reduced VAT.

In general, it is an interesting theme.

Dear Kat Collins, you chose a great topic and the right industry, because in times of a pandemic, the tourism industry has been exposed to many risks, in particular the global risk of business suspension and temporary closure of access to various markets attractive to tourists, but unfortunately heavily infected or exposed to an increase in covid infections. Many markets have become heavily infected or exposed to an increase in covid infections due to the high population flow in the tourist destinations for exemple Italy, France, Spain. You can make multiple risk analyzes. For information on how to identify them and what methods to test, please see my lecture on risk in business. It is in the Polish version, but I can translate for you the parts of the lecture that would interest you the most. https://www.researchgate.net/publication/357689642_Ryzyko_i_niepewnosc_w_dzialalnosci_gospodarczej_Risk_and_uncertainty_in_business_activities

My most general tips:

1. As a research sample, consider companies whose financial statements and stock exchange quotes are available without major problems.

2. Analyze at least two different tourism markets and the leading tourism companies in them in 2020-2021

3. Use generally recognized risk measures, i.e. variance and standard deviation in the case of analyzing the time series related to share prices of listed companies, 4. When analyzing changes in the rates of return of selected companies, compare them to the rates of return on market indices (ideally if you had at your disposal the rates of return on the tourism index in a given country for the years 2020-2021) on a given market from which you download data on a listed company.

5. When analyzing the risk indicators for travel companies, carefully put the results on the timeline and accurately relate it to the change of government restrictions in the given countries at the moment regarding displacement and sanitary requirements for travelers, then the results of the statistical indicators will become more understandable and clear to interpret.

So many general comments :) Dariusz

https://www.emerald.com/insight/content/doi/10.1108/S1569-375920180000100003/full/html

https://www.emerald.com/insight/content/doi/10.1108/CFRI-05-2021-0087/full/html

https://www.emerald.com/insight/content/doi/10.1108/SAMPJ-10-2018-0273/full/html

here are some suggestions

From financial aspects, it is recommended to compare the performance and risk factors contributing towards enhanced/declined performance.

Thanks all for your help!

Dariusz Tomasz Grala - Really appreciate your response! I was able to Google Translate your presentation which was extremely helpful. I think I'm going to focus on Financial Risk, specifically liquidity risk. My assumption is that Covid has increased consumer uncertainty and as a result buyers aren't booking travel as far in advance as they use to, which means organisations have less cash on hand.

My knowledge of these travel companies is that payment for travel is taken from the purchaser at time of booking, but not paid to the supplier until time of checkin. This means the organisation would have previous held those funds for (potentially) several months, which is no longer occurs.

I think within this I would still be able to include a review of variance in share price, in conjunction with a timeline showing various events of government restrictions.