This research paper intends so study the factors influencing shares price during the
COVID-19 period, especially in companies listed in Indonesia Stock Exchange (IDX) that works in
hospitality and tourism industry business sectors. This research will be conducted based on 30
sample companies that have been listed in Indonesia Stock Exchange (IDX) during the period of
2017-2021. The factors studied in this research are related to Earning Per Share (EPS), sales
growth (SG), Price Book Value (PBV), Debt-to-Equity Ratio (DER), Return on Assets (ROA) and
COVID-19 Period. All of these factors mentioned in the previous sentence will be set as the
independent variables, in which their significancy will be tested towards one dependent
variable, namely share price. Overall, there are a total of six hypotheses which shall be tested in
this research. Hypothesis testing will be carried out with the help of GRETL statistical software
using the Weighted Least Square (WLS) model. The result from analysis has concluded that two
out of six hypotheses being tested can be accepted.
Keywords: Shares price, COVID-19, Hospitality and Tourism Industry, Indonesia Stock Exchange