Hotels’ occupancy rates and convergence: Empirical evidence from the first pandemic wave

The scope of this study is to unravel possible convergence clubs regarding the occupancy rates hotel industry in US states aftermath first COVID-19 pandemic wave. For reason, underlying paper resorts application generic algorithm developed Phillips and Sul (2007) for a sample 50 over daily period ranging from 01.12.2019 26.07.2020. empirical analysis supports identification two primary consisting an equally distributed number regions (states). However, can be merged into one after implementation (2009) methodology, revealing that wave has eliminated any distinct (economic) characteristic between different states. JEL codes:L10, L80, R10 .