FINANCIAL MANAGEMENT PRACTICES AND FINANCIAL STABILITY OF BEACH RESORTS OF BABAK, ISLAND GARDEN CITY OF SAMAL DURING PANDEMIC

Abstract

The study Financial Management Practices and Financial Stability of Beach Resorts of Babak, Island Garden City of Samal was carried out to establish the financial management practices and stability of Beaches and Resorts of Babak District. With the study, the researchers were able to obtain, organize, evaluate, and analyze the data appropriately. The goal of the study is to evaluate the stability and methods of financial management used by Babak's beach resorts in Island Garden City, Samal. A quantitative descriptive correlational research design was used for the investigation. 38 beach resorts in the Babak district received survey questionnaires, which were used to collect the data. The result showed that the financial management practices generated a high mean score, indicating that the beach's financial management practices are often observed. While financial stability scored high, the stability of the resorts is evident during a pandemic. Moreover, there is a significant relationship between financial management practices and the financial stability of the beach resorts in the Babak district. To keep the beach resort business growing, the resort should continue to observe financial management practices to gain financial stability