Table 3.

The link between death rate, stringency measures and tourism recovery from the pandemic (sub-samples).

Panel A.	Dependent variable: Hotel				Dependent variable: Overall
	Developed = 1	Vaccinated = 1	Developed = 0	Vaccinated = 0	Developed = 1	Vaccinated = 1	Developed = 0	Vaccinated = 0
	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)
Death	-0.0211***	−0.00894	−0.00978	-0.0223***	-0.0332***	-0.0279***	−0.00503	-0.0274***
	(0.00392)	(0.00571)	(0.00761)	(0.00431)	(0.00373)	(0.00484)	(0.00713)	(0.00420)
Stringency	-0.0505***	-0.0393***	-0.0684***	-0.0603***	-0.0319***	-0.0160**	-0.0727***	-0.0505***
	(0.00509)	(0.00702)	(0.00918)	(0.00555)	(0.00484)	(0.00595)	(0.00860)	(0.00541)
GDPpc	17.51***	18.93***	29.80*	13.00***	15.73***	13.62**	23.96*	15.20***
	(3.491)	(4.200)	(12.09)	(3.580)	(3.611)	(4.486)	(11.94)	(3.564)
Number of countries	210	249	39	249	210	249	39	249
Observations	64,815	22,620	16,965	59,160	64,815	22,620	16,965	59,160
Chi-squared	326.5	88.23	177.3	407.4	322	99.5	197.4	396.3
Model	HT	HT	HT	HT	HT	HT	HT	HT

Panel B.	Dependent variable: Hotel				Dependent variable: Overall
	Developed = 1	Vaccinated = 1	Developed = 0	Vaccinated = 0	Developed = 1	Vaccinated = 1	Developed = 0	Vaccinated = 0
	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)
Death	−0.0213***	−0.00964*	−0.00978	−0.0227***	−0.0320***	−0.0262***	−0.00501	−0.0274***
	(0.00323)	(0.00392)	(0.00761)	(0.00413)	(0.00300)	(0.00321)	(0.00713)	(0.00397)
Stringency	−0.0448***	−0.0342***	−0.0684***	−0.0561***	−0.0284***	−0.0141***	−0.0727***	−0.0470***
	(0.00412)	(0.00473)	(0.00918)	(0.00528)	(0.00383)	(0.00387)	(0.00860)	(0.00508)
Number of countries	210	249	39	249	210	249	39	249
Observations	91,350	46,110	16,965	62,205	91,350	46,110	16,965	62,205
R-squared	0.004	0.003	0.01	0.006	0.004	0.004	0.011	0.006
Model	FE	FE	FE	FE	FE	FE	FE	FE

Notes: See notes under Table 2.