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| Michael Polemis and Aikaterina Oikonomou |
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| ''The Impact of Lockdown on Hotel Performance: A Difference-in-Differences analysis for the US'' |
| ( 2021, Vol. 41 No.4 ) |
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| This note investigates the impact of the national lockdown on the US hotel industry performance. A difference-in-differences (DID) methodology is applied on a daily balanced panel data set. The empirical findings reveal that the national lockdown measure adopted by the 43 US states as an integrated policy measure to stem the COVID-19 spread decreased the average daily level of total room revenues by 5.9%. on average. Our findings survive robustness checks accounting for alternative proxies of hotel performance such as the occupancy rate and the average daily revenue per room. |
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| Keywords: Hotel performance; COVID-19; Difference-in-Differences; US |
JEL: L2 - Firm Objectives, Organization, and Behavior: General
I1 - Health: General |
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| Manuscript Received : Jan 29 2021 | | Manuscript Accepted : Dec 29 2021 |
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