International Journal of Social Science Research ISSN 2327-5510 2021, Vol. 9, No. 1 Conceptual Study on Socio-Economic Impact of the Decline in Firm Performances of Hotels in Sri Lanka Nagalingam Nagendrakumar SLIIT Business School, Sri Lanka Institute of Information Technology New Kandy Road, Malabe, 10115, Sri Lanka E-mail:
[email protected] Anuja Akalanka Lokeshwara SLIIT Business School, Sri Lanka Institute of Information Technology New Kandy Road, Malabe, 10115, Sri Lanka E-mail:
[email protected] Karanasuriya Ragalage Ganguli Thamodya Jayasuriya (Corresponding Author) SLIIT Business School, Sri Lanka Institute of Information Technology New Kandy Road, Malabe, 10115, Sri Lanka E-mail:
[email protected] Hewissa Gamage Anuradha Malith Ravisara SLIIT Business School, Sri Lanka Institute of Information Technology New Kandy Road, Malabe, 10115, Sri Lanka E-mail:
[email protected] Matheesha Jeewantha Weerawickrama SLIIT Business School, Sri Lanka Institute of Information Technology New Kandy Road, Malabe, 10115, Sri Lanka E-mail:
[email protected] 39 http://ijssr.macrothink.org International Journal of Social Science Research ISSN 2327-5510 2021, Vol. 9, No. 1 Madawala Gamage Dhanushka Madushan SLIIT Business School, Sri Lanka Institute of Information Technology New Kandy Road, Malabe, 10115, Sri Lanka E-mail:
[email protected] Received: Sep. 21, 2020 Accepted: Nov. 6, 2020 Published: Dec. 3, 2020 doi:10.5296/ijssr.v9i1.17719 URL: http://dx.doi.org/10.5296/ijssr.v9i1.17719 Abstract The study aims to determine the socio-economic impact of the decline in firm performances of hotels in Sri Lanka. Evidence from previous research found that 91% of the hotels listed in the Colombo Stock Exchange (CSE) were in the distress zone and this study aims to fill the prevailing knowledge gap by determining the socio-economic impact of this decline.