As temperatures continue to soar in Europe, airline capacity has followed reaching 98.5 million seats this week, the 100 million mark remains tantalisingly just out of reach as China adds back further capacity. Against that backdrop there is the IATA AGM taking place in Doha and the IATA Slot Conference in Seattle; it’s a busy week for the industry with current optimism mixed with growing concerns around the last half of the year as economic headwinds once again impact the aviation industry.
Earlier this month, the UK experienced a rare Platinum Jubilee in honor of Queen Elizabeth II. In today’s Insight Flash, we take advantage of our ability to pinpoint exact transaction dates in our UK Transact data to look into how shoppers celebrated during the four-day bank holiday Thursday June 2 to Sunday June 5. In general, there wasn’t a dramatic change in total UK spending. The week before and the week of the Jubilee saw spend 13% and 14% higher than the first week of January, below the spend lift seen in the week before the Early May Bank Holiday.
SMI Core data captures the actual spend data from the SMI Pool partners of major holding companies and large independent agencies, representing up to 95% of all US national brand ad spending, to provide a complete monthly view of the SMI Pool market size, investment share and category performance. Core Data delivers detailed ad intelligence across all media types, including Television, OTT, Digital, Out of Home, Print, and Radio.
In 2022, main players in the Southeast Asia food delivery market remain Grab, Foodpanda, Gojek, followed by Deliveroo, Shopee Food, and new joiner Airasia Food. This insight article will provide you with a quick overview of the Southeast Asia on-demand food delivery market across metrics such as market share, consumer spending analysis, and user overlap in Singapore, Malaysia, Indonesia, Thailand and Philippines – all calculated based on Measurable AI’s latest transactional data.
Total construction starts rose 4% in May to a seasonally adjusted annual rate of $979.5 billion, according to Dodge Construction Network. Nonresidential building starts rose 20%, while residential starts fell by 4% and nonbuilding lost 2% during the month. Year-to-date, total construction was 6% higher in the first five months of 2022 compared to the same period of 2021. Nonresidential building starts rose 17% and residential starts gained 3%, while nonbuilding starts were 5% lower.
When U.S. cities and states faced shelter-in-place orders to limit the spread of the coronavirus, Americans’ reduced mobility resulted in plummeting sales at rideshare companies. With the exception of year-end dips in 2020 and 2021, sales have been gradually recovering since April 2020. Bloomberg Second Measure transaction data shows that Uber sales were up 49 percent year-over-year and Lyft sales were up 29 percent year-over-year in May 2022.
With summer almost upon us, we took a look at foot traffic trends associated with a classic American activity – spending time in nature. We dove into visits to 20 national and state parks as well as foot traffic to a rising star in the recreational equipment space, Sierra, to see what its strength can tell us about the demand for leisure time in the great outdoors. With the recent rise in costs of consumer goods and services, people may be turning to outdoor activities as a cost-friendly leisure option.
Combining the DAUs of the top seven job search apps have been hitting new monthly highs since March of this year. After a period of ebbing and flowing, numbers have been climbing steadily for the past 365 days. Average DAUs for the month of June have grown 57% year-over-year. What's super interesting to note is that no month this year has hit a record for monthly active users.
When many Americans sheltered in their homes early in the coronavirus pandemic, meal delivery sales reached new heights. Our data reveals that in May 2022, sales for meal delivery services grew 8 percent year-over-year, collectively. These thriving businesses have been in the spotlight during the COVID-19 era. DoorDash (NYSE: DASH) made its public market debut with one of the biggest IPOs of 2020, while Uber (NYSE: UBER) acquired Postmates at the end of November 2020 in an attempt to consolidate market share and boost profitability.
Choosing the location for a company's headquarters can be critical to a company's success. Amazon spent years deliberating over their coveted new headquarters location. In the end, Amazon landed on the DC and NYC metro areas, where they would be able to “attract world-class talent.” This week, we analyze the geographic distribution of talent in Los Angeles (a highly diverse city) at the zip-code level and use it to showcase why skill concentrations have meaningful implications for businesses.
Foot traffic to some of the Kroger Company’s biggest brands may be lagging slightly, but the success of the company’s prepared foods expansion and recently rolled out ghost kitchen collaboration hints at the supermarket giant’s growth potential. Following its strong pandemic performance, the grocery sector’s offline visit growth slowed in recent months as inflation and high gas prices continued to strain many consumers’ budgets. Still, nationwide year-over-year (YoY) grocery foot traffic was positive every month between January and May 2022 while year-over-three-years (Yo3Y) foot traffic remained close to pre-pandemic visit levels.
The top 10 quick-service restaurant apps in the U.S. were downloaded 10.8 million times in May, 8.9 percent more than those the month prior. Year-over-year in the month of April, downloads of the top 36 quick-serve apps are up 29 percent. A download represents a new user and the first conversion on the mobile app customer’s journey. Normally, there are only one or two apps that break the million mark per month but in May there were three; McDonald’s, Taco Bell, and Starbucks.
As consumers ponder cutting down on spending in the face of high inflation, the QSR sector seems to be maintaining relatively steady visitation patterns. We dove into year to date offline visits to leading brands to see how the various QSR subcategories are faring. While the data doesn’t fully capture delivery orders or drive-thru visits, the foot traffic numbers can still provide a rough sense of the state of the sector going into the second half of 2022.
The pandemic isn’t over, but social distancing is no longer the main driver of consumer behavioral change in our data. Higher prices, especially at the pump, are driving down spending in nearly every vertical, despite COVID-weary consumers’ desire to get out of the home. Visits are healthy and travel and entertainment venues are steady. While COVID cases still continue to rise in many places throughout the US, cases seem less severe than in prior waves.
A particularly warm Memorial Day weekend this year provided perfect weather for beaches and grilling, as well as visiting theme parks and outdoor attractions. In today’s Insight Flash, we take advantage of our partnership with WeatherOptics and our unique weather impact tracking capabilities to highlight which companies saw the biggest boost from the beautiful weather, and in which geographies.
When it comes to the food delivery aggregators in the Middle East, ever wonder who is catering to the Emiratis’ hankerings in the United Arab Emirates? Or curious to find out how much does the average UAE consumer spend on each of the major food delivery services? What about the frequency in which they are ordering food delivery services across or from each of the food delivery apps and which dishes are the most popular for the Middle Eastern palate?
Our latest white paper dives into domestic migration trends over the past two years in the United States. While many assumed that there would be a mass exodus from cities, the foot traffic data tells a slightly different story. While some people made big moves, most stayed in place. Others moved, but stayed close to their region of origin. And many of those who did relocate across state lines chose areas whose population had already been trending up pre-pandemic. Below is a taste of our findings. For the full report, click here.
According to ATTOM’s Q1 2022 U.S. Residential Property Mortgage Origination Report, 2.71 million mortgages secured by residential property were originated in Q1 2022 in the U.S. – down 18 percent from Q4 2021, the largest quarterly decrease since 2017, and down 32 percent from Q1 2021, the biggest annual drop since 2014. The report noted that the decline in residential mortgages, which marked the fourth straight quarterly decrease, resulted from double-digit downturns in purchase and refinance activity – even as home-equity lending rose.
National discount retail chain Big Lots (NYSE: BIG) reported an earnings miss in its most recent fiscal quarter, joining other major retailers like Walmart (NYSE: WMT) and Target (NYSE: TGT), whose company performance and earnings have also been hit hard by rising labor costs and supply chain issues. Consumer transaction data shows that both customer counts and sales at Big Lots declined year-over-year from January through April of 2022, but average transaction values were higher than pre-pandemic levels.
From Omicron in January to the impact of rising inflation and the systemwide shock driven by rising gas prices, 2022 kicked off with anything but an easy start. Yet, industry-level analysis provides powerful insights into the segments that have been more resistant to these negative effects and the wider trends that could be driving a more significant retail-wide recovery. At this stage, there are some segments that are seemingly immune to the wider impacts on the retail landscape.
