The impact of COVID-19 on hotel performance: Evidence from a Difference-in-Differences approach

Michael Polemis ()

MPRA Paper from University Library of Munich, Germany

Abstract: This note aims to investigate the impact of the national lockdown adopted by the Italian government on hotel performance. For this purpose, a difference-in-differences (DID) methodology is employed to compare the performance of the hotel industry in Italy and Turkey during the post-treatment period. The empirical findings based on a daily unbalanced panel data set indicate that the national lockdown adopted by the Italian government to stem the COVID-19 spread mitigated the level of hotel performance by 68% on average. Our empirical findings survive robustness checks to account for alternative proxies of hotel performance and the inclusion of time fixed effects on the model.

Keywords: COVID-19; Hotel industry; Lockdown; Difference-in-Differences; Italy (search for similar items in EconPapers)
JEL-codes: C23 Z18 (search for similar items in EconPapers)
Date: 2020-07-25
New Economics Papers: this item is included in nep-eff and nep-tur
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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