The Significant Effects of the COVID-19 on Leisure and Hospitality Sectors: Evidence From the Small Businesses in the United States

This paper uses the daily seasonally-adjusted data for net revenues and openings of small businesses in the accommodation, food services, leisure, and hospitality sectors in the United States from January 10, 2020, to June 24, 2021. The results from the Dorta-Sanchez bootstrap unit-root test for a r...

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Detalles Bibliográficos
Autores principales: Lu, Zhou, Shang, Yunfeng, Zhu, Linchuang
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Frontiers Media S.A. 2021
Materias:
Public Health
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8506250/
https://www.ncbi.nlm.nih.gov/pubmed/34650954
http://dx.doi.org/10.3389/fpubh.2021.753508
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author Lu, Zhou
Shang, Yunfeng
Zhu, Linchuang
author_facet Lu, Zhou
Shang, Yunfeng
Zhu, Linchuang
author_sort Lu, Zhou
collection PubMed
description This paper uses the daily seasonally-adjusted data for net revenues and openings of small businesses in the accommodation, food services, leisure, and hospitality sectors in the United States from January 10, 2020, to June 24, 2021. The results from the Dorta-Sanchez bootstrap unit-root test for a random walk with drift show that the COVID-19 crisis has significantly affected revenues and openings of small leisure and hospitality firms. Moreover, the results remain valid when the data for the national level and 51 states are considered.
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spelling pubmed-85062502021-10-13 The Significant Effects of the COVID-19 on Leisure and Hospitality Sectors: Evidence From the Small Businesses in the United States Lu, Zhou Shang, Yunfeng Zhu, Linchuang Front Public Health Public Health This paper uses the daily seasonally-adjusted data for net revenues and openings of small businesses in the accommodation, food services, leisure, and hospitality sectors in the United States from January 10, 2020, to June 24, 2021. The results from the Dorta-Sanchez bootstrap unit-root test for a random walk with drift show that the COVID-19 crisis has significantly affected revenues and openings of small leisure and hospitality firms. Moreover, the results remain valid when the data for the national level and 51 states are considered. Frontiers Media S.A. 2021-09-27 /pmc/articles/PMC8506250/ /pubmed/34650954 http://dx.doi.org/10.3389/fpubh.2021.753508 Text en Copyright © 2021 Lu, Shang and Zhu. https://creativecommons.org/licenses/by/4.0/This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) and the copyright owner(s) are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
spellingShingle Public Health
Lu, Zhou
Shang, Yunfeng
Zhu, Linchuang
The Significant Effects of the COVID-19 on Leisure and Hospitality Sectors: Evidence From the Small Businesses in the United States
title The Significant Effects of the COVID-19 on Leisure and Hospitality Sectors: Evidence From the Small Businesses in the United States
title_full The Significant Effects of the COVID-19 on Leisure and Hospitality Sectors: Evidence From the Small Businesses in the United States
title_fullStr The Significant Effects of the COVID-19 on Leisure and Hospitality Sectors: Evidence From the Small Businesses in the United States
title_full_unstemmed The Significant Effects of the COVID-19 on Leisure and Hospitality Sectors: Evidence From the Small Businesses in the United States
title_short The Significant Effects of the COVID-19 on Leisure and Hospitality Sectors: Evidence From the Small Businesses in the United States
title_sort significant effects of the covid-19 on leisure and hospitality sectors: evidence from the small businesses in the united states
topic Public Health
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8506250/
https://www.ncbi.nlm.nih.gov/pubmed/34650954
http://dx.doi.org/10.3389/fpubh.2021.753508
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