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Early Impacts of COVID-19 on Maine’s Hospitality Sector in 2020

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  • Gabe, Todd
  • Crawley, Andrew

Abstract

This paper examines Maine’s hospitality sector in 2020, with a focus on the impacts of COVID-19 and the potential trajectory of hospitality sales during the second half of the year. The sector experienced its largest COVID-related impacts in April—with 80 percent lower lodging sales and 58 percent lower restaurant sales compared with the same month in 2019—whereas the sector’s performance in May and June indicate smaller percentage reductions compared with the same months last year. Our analysis shows three possible scenarios for the second half of 2020, which have annual hospitality sales that range from an estimated $2.5 billion to $3.1 billion (compared with $4.3 billion in 2019 hospitality sales). Estimated daily sales in the month of July suggest that Maine’s hospitality sector will experience a recovery that lies between our “moderate” and “stalled” scenarios, which would equate to between $2.5 billion and $2.8 billion in overall 2020 restaurant and lodging sales.

Suggested Citation

  • Gabe, Todd & Crawley, Andrew, 2020. "Early Impacts of COVID-19 on Maine’s Hospitality Sector in 2020," MPRA Paper 102678, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:102678
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    File URL: https://mpra.ub.uni-muenchen.de/102678/1/MPRA_paper_102678.pdf
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    References listed on IDEAS

    as
    1. Gabe, Todd & Crawley, Andrew, 2020. "A Note on the Reduction in Hospitality Sales Prior to a State’s COVID-related Stay-at-Home Order: Evidence from Maine, USA," MPRA Paper 102362, University Library of Munich, Germany.
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    Cited by:

    1. Gabe, Todd & Diodato, William, 2021. "Maine Employment Change in 2020: Impacts of the COVID-19 Pandemic," MPRA Paper 106930, University Library of Munich, Germany.

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    1. Todd, Gabe, 2020. "Maine Employment Change During the Early Months of the COVID-19 Pandemic: A Shift-Share Analysis," MPRA Paper 103125, University Library of Munich, Germany.

    More about this item

    Keywords

    Covid-19; Hospitality Sales; Tourism; Maine;
    All these keywords.

    JEL classification:

    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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