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America Gradually Gets Moving Again – Part I

Source: https://www.yodlee.com/data-analytics/america-gradually-gets-moving-again-part-i

As states begin to loosen shelter-in-place restrictions, various factors have led to an improved landscape for the travel and transportation industry. Although it must be said – progress has been slow. Part One of this blog analyzes spending on travel and transportation compared to 2019. Part Two will focus on insights related to commuting. In an April blog post, we analyzed data which showed dramatic decreases in travel-related consumer spending during the second half of March and into April. Fast forward to today, where in some regions, shelter-in-place orders are starting to phase out, our data is showing modest increases in transportation activity.

Spending in the travel service and leisure industry has picked up recently. Analysis of weekly transaction volumes for airlines, hotels, travel agencies and train/bus bookings (displayed above) show that the travel industry as a whole has gained ground since mid-May. Of note, this slight bump is not seen in the cruise industry, which is still experiencing levels of consumer spending similar to March and April.

Consumers may be taking advantage of customer-friendly business decisions by airlines, like waiving fees and extending rebooking periods, to rebook travel they may have postponed during the Spring or Summer.

To learn more about the data behind this article and what Yodlee has to offer, please reach out to Dylan Curtis at Dylan.Curtis@yodlee.com.

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Advan provides hedge funds and institutional investors with unmatched insights into both foot and vehicle traffic to enable better investment decisions. Using precise, manual geofencing, it has the most extensive and accurate location data, available in seconds through an intuitive, self-service dashboard. Its institutional-grade analytics allow fast and actionable insights into customer behavior and corporate activity.

Advan is headquartered in New York City. For more information please visit www.advan.us

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LET US HELP

Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

DATA PROVIDER SPOTLIGHT

Advan

Advan provides hedge funds and institutional investors with unmatched insights into both foot and vehicle traffic to enable better investment decisions. Using precise, manual geofencing, it has the most extensive and accurate location data, available in seconds through an intuitive, self-service dashboard. Its institutional-grade analytics allow fast and actionable insights into customer behavior and corporate activity.

Advan is headquartered in New York City. For more information please visit www.advan.us