Abstract:

The purpose of this research is to analyze the impact of the Covid-19 outbreak on the financial performance of lodging and food-beverage companies on a scale basis in Turkey. For this purpose, ratio analysis was carried out on the lodging and food-beverage services company accounts for the years 2019 and 2020 published by the Central Bank of the Republic of Turkey. As a result of the analysis, it was determined that the performance of the enterprises did not show significant variability on the basis of scale with the onset of the Covid-19 outbreak in terms of liquidity. In terms of financial structure ratios, it was determined that companies used more long-term debt after the onset of the Covid-19 outbreak. In terms of activity and profitability ratios, it was determined that the performance of lodging and food-beverage companies decreased significantly after the onset of the Covid-19 outbreak, regardless of their size.