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Travel

Tentative Comeback for US Airports

Source: https://www.advan.us/blog.php

In our recent webinar, we spent some time looking into foot traffic trends at airports in America and Europe.

Location data is a very reliable proxy for airline passengers, since there are few reasons to be at an airport other than to board a plane. Precise mapping can filter out people who have come to collect or drop off passengers from those who have passed security in order to catch a flight.

We compared our foot traffic data for the major US hubs with the number of passengers reported as screened by the TSA and found a correlation of 0.9.

It’s no surprise that air travel is significantly down due to the pandemic. But our data does offer a glimmer of hope for airlines. While foot traffic to the major US hubs remains down 75% year-over-year so far in October, this represents an increase in travelers of 350% since the nadir in April.

By comparison, we also reviewed traffic at European airports. Overall, European air travel saw more of a pick-up during the summer months than the large US airports. This makes some sense. With inter-continental travel restrictions eased, many Europeans took advantage and went on vacation in July and August.

Athens airport in Greece briefly saw it’s traffic return to pre-pandemic levels, although it has dropped again since September. Barcelona airport, by contrast, barely saw an uptick in passengers before a resurgence of cases in Spain meant restrictions were reimposed.

To learn more about the data behind this article and what Advan has to offer, visit https://advanresearch.com/.

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Consumer Edge Insight offers exclusive street-ready big-data products engineered for alpha generation by Data Science Teams & Portfolio Managers alike. CEI offers a number of alternative data products including CE Transact, our leading U.S. credit/debit card insight product (15M cards). CE Transact products provide aggregated revenue signal, deep fundamental cohort analysis and/or granular transaction-level data feeds with unparalleled metadata. Advantages: shortened latency (T+4), better panel representativeness (9M+ daily panel), and metadata integration such as demographics (at cardholder level). All data is cleaned with CEs Advanced Tagging System.

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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.

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Consumer Edge Research

Consumer Edge Insight offers exclusive street-ready big-data products engineered for alpha generation by Data Science Teams & Portfolio Managers alike. CEI offers a number of alternative data products including CE Transact, our leading U.S. credit/debit card insight product (15M cards). CE Transact products provide aggregated revenue signal, deep fundamental cohort analysis and/or granular transaction-level data feeds with unparalleled metadata. Advantages: shortened latency (T+4), better panel representativeness (9M+ daily panel), and metadata integration such as demographics (at cardholder level). All data is cleaned with CEs Advanced Tagging System.