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Well past the second anniversary of the pandemic, business travel is showing its first significant signs of recovery. As that recovery gains momentum, a new landscape has formed with the presence of both traditional and new forms of business travel. Amid this new landscape, however, there remains mixed consumer sentiment toward business travel as well as a large gap between current volume and pre-pandemic comparables. STR’s consumer research from May 2022 produced telling insights into this always popular topic.

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June 10, 2020

The state of B2B advertising in May

From MediaRadar
B2B websites saw a 17% MoM increase in the number of advertisers running ads on their sites in May. This is a hopeful number considering that roughly 8% fewer companies were placing digital ads on B2B websites initially. As the economy reopens, it seems that advertisers are beginning to stabilize.
June 10, 2020

LATAM ecommerce hits new heights on the backs of Brazil and Mercado Libre

From Apptopia
Shopping category downloads in Latin America grew 43% year-over-year for the month of May, mostly on the shoulders of Brazil and Mexico, who are the leaders in both absolute numbers and YoY percentage gain.
June 10, 2020

Latest Commercial Real estate Composite Price Growth Decelerated in April

From CoStar Group
Liquidity Indicators Beginning to Show a Wider Gap Between Buyer And Seller Expectations. CoStar recently released its monthly Commercial Repeat Sale Indices (CCRSI), providing the market's first look at commercial real estate pricing trends through April 2020.
June 10, 2020

Taking a Look at Uber’s Bid to Buy Grubhub

From 7Park Data
If Uber and Grubhub come to an agreement on Uber’s bid to purchase Grubhub, they will ask regulators to approve the transaction that would combine two of the country’s largest food-delivery operators. Here, we examine the likely drivers behind the deal: gaining market share, and mitigating market factors that have made turning a profit in the highly competitive food delivery business extremely difficult.
June 10, 2020

Spanish Vacation with a side of pandemic

From Brad Schneider
Constantly shifting quarantining rules, mandatory mask wearing on airplanes and social distancing have left many asking whether the European summer vacation ritual will take a breather this year. With airlines such as American announcing increasing demand and air prices severely depressed it looks like summer is still on the calendar, although it’s going to be anything but normal.
June 10, 2020

Mortgages Recorded Another Drop in Delinquencies in March 2020

From CoreLogic
In March 2020, 3.6% of home mortgages were in some stage of delinquency, down from 4% a year earlier and the lowest for the month of March in more than 21 years, according to the latest CoreLogic Loan Performance Insights Report. The measure, also known as the overall delinquency rate, includes all home loans 30 days or more past due, including those in foreclosure.
June 10, 2020

Missed Housing Payments Stabilize In June — At Alarming Levels

From Apartment List
In June, 30 percent of Americans missed their housing payments, down slightly from 31 percent in May but still up from 24 percent in April. Missed payments continue to concentrate among renters, younger and poorer Americans, and those who cannot work remotely.
June 10, 2020

Five Below, Macy’s and Office Supplies

From Placer
In this Placer Bytes we dive into the rebounds of Five Below and Macy’s and try to reinforce the bull case for the office supplies sector. Five Below is a brand that was hit hard by the pandemic. Visits surged in February, growing by 16.8% year over year, before taking a 45.9% drop in March and falling completely flat in April. Yet, the rebound is underway.
June 9, 2020

Production outages from OPEC members top 1.6 MMb/d

From Kayrros
Iran contributed to additional weekly lost production of 93 kb/d, where the outages at the Ardeehir oilfield took additional production offline this week. Outages are ongoing at the Karanj oilfield.
June 9, 2020

US-China Energy Flows Belie Combative Rhetoric

From ClipperData
Tension between the United States and China has ratcheted up in recent weeks amid increasingly hostile rhetoric. The global spread of the coronavirus has further hurt relations between Beijing and Washington, stoking the possibility of a new trade war amid a global economic slowdown. However, from a flows perspective, all seems to be fine.
June 9, 2020

Disruption 2020: Back To Work?

From Advan
Monday was the first day non-essential office workers could return to work in Boston. There was NO rush back to the office. Using mobile tracking data from Advan Research, overall foot traffic was up 7.3% in the Seaport waterfront last week compared to 2 weeks ago.
June 9, 2020

Measuring State Reopenings

From Earnest Research
Earnest continues to monitor consumer behavior as state economies reopen across the country. In this refresh, we look at state performance in the context of stay-at-home orders expiring, foot traffic divergences across categories, a Texas drill-down, and how spending by channel is behaving in a staggered reopened economy.
June 9, 2020

As restaurants reopen, Americans are ready to dine

From Stefan Cangea
After being completely shut down for months, restaurants are quickly recovering. According to reservation data from OpenTable as of June 3rd, seated dining volume in states such as Rhode Island have already reached 90% of last year’s daily levels. On average it is taking states 16 days to reach 25% of last year’s daily reservation levels.
June 9, 2020

44% of CIOs indicated their organization is decreasing investments in emerging tech

From ETR Research
Based on the preliminary data, 44% of CIOs indicated their organization is decreasing investments in emerging tech due to COVID-19.
June 9, 2020

Italy sees 35% Increase in Visitors from Japan since Opening Borders

From Huq
Italy has seen a marginal increase in international visitors since opening its borders on Wednesday last week (3 June), with data suggesting that the country’s tourism sector will have to wait to see the spike it is hoping for to reboot the crucial summer season.
June 8, 2020

Key Consumer Behavior Thresholds Identified as the Coronavirus Outbreak Evolves

From Nielsen
A Nielsen investigation has identified six key consumer behavior threshold levels that tie directly to concerns around the novel coronavirus (COVID-19) outbreak. The thresholds offer early signals of spending patterns, particularly for emergency pantry items and health supplies, and we are seeing these patterns being mirrored across multiple markets.
June 8, 2020

Industries Upping Ad Spend As Consumers Adjust To The New Normal

From MediaRadar
As we’ve transitioned to a new normal, what we’re interested in buying has changed.
June 8, 2020

Comscore Sees Signs of Recovery in Travel Industry

From Comscore
The latest insights from Comscore (Nasdaq: SCOR), a trusted partner for planning, transacting and evaluating media across platforms, show an increase in consumer interest across several travel categories, signaling the industry may be showing signs of recovery.
June 8, 2020

The recovery of US road traffic

From Inrix
This is the 11th edition of a weekly review of changes in road traffic demand in the United States from the COVID-19 virus spread and our collective response. We will endeavor to publish this Synopsis every Monday for the foreseeable future, providing results through Friday of the previous week.
June 8, 2020

Global Activity Tracker, Europe Commercial Real Estate Resists Drop

From Real Capital Analytics
Commercial real estate transaction volume in Europe is resisting the slide seen across the Americas and Asia Pacific in the first 150 days of 2020 due to a string of multibillion-euro deals. The latest Real Capital Analytics data reading indicates that transaction volume for Europe, Middle East and Africa (EMEA) is just 6% lower than 2019 levels, while in the Americas volume is 18% down and in Asia Pacific activity is 45% lower.