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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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December 24, 2020 / Business

Analysis From ATTOM Reveals Fresh Take on Grocery Stores Impacting the U.S. Housing Market

From Attom Data Solutions
ATTOM Data Solutions, curator of the nation’s premier property database, today released its annual 2020 Grocery Store Wars analysis, which shows how living near a Trader Joe’s, a Whole Foods or an ALDI might affect a home’s value – as a homebuyer based on home price appreciation and home equity, or as an investor looking for the best home flipping returns and home seller ROI.
December 24, 2020 / Business

Super Saturday 2020

From Placer
Black Friday took an expected fall in 2020, and the loss of Thanksgiving traffic entirely alongside these dips created significant year over year visit declines for that entire weekend. But Super Saturday has a unique ability to give brands a boost, and there are indications that this year’s iteration may have significantly softened the negative blow.
December 24, 2020 / Economy

Rail Traffic for the Week Ending December 19, 2020

From Association of American Railroads
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending December 19, 2020. For this week, total U.S. weekly rail traffic was 520,305 carloads and intermodal units, up 2.5 percent compared with the same week last year.
December 23, 2020 / Business

Online Wins! But Offline Doesn’t Lose…

From Consumer Edge Research
At this point, it should be unsurprising to hear that online sales grew faster than offline during Black Friday week, when customers in previous years have formed lines blocks long to catch early deals and it used to be that parking spaces at malls took hours to find.
December 23, 2020 / Economy

The Top 5 Mobility Trends for 2020

From Advan
What a year it’s been! Few people will be sad to see it go and certainly here at Advan we are excited for what 2021 may bring. To cap off the year, we’ve listed below what we think are 5 of the most interesting mobility trends in a year full of unexpected twists and turns. We look forward to more next year!
December 23, 2020 / Economy, Business

COVID-19 webinar summary: 5 key points on Asia Pacific hotel performance, 17 December

From STR
Knowing you might not have time to watch our full webinars, we are pleased to continue our series of COVID-19 webinar summaries. In this latest edition, we talk performance in the Asia Pacific region. Demand gradually improving in Mainland China
December 23, 2020 / Business

Retail Analysis – 30,000 Feet View

From Placer
While there are clear benefits to diving deep into the specific performances of key brands, there is also a value in stepping back to look at the retail space from a wider perspective. So, how has the recovery unfolded as 2020 comes to a close? We dug into industry analysis insights to see.
December 23, 2020 / Economy, Business

Supply Chain Solvency & Boeing – Consensus Risk Data Now Available on Bloomberg

From Credit Benchmark
Traditionally, corporate supply chain information has been patchy. But over the past few years, Bloomberg have collected extensive supplier and purchaser data to shed light on the huge network of linkages between global coporate giants and the myriad of small and/or unquoted and unrated companies that form the fabric of the global economy.
December 22, 2020 / Business

‘Tis the Season – Holiday Shopping During COVID-19

From Yodlee
Amidst the most unique holiday season in recent memory, Envestnet | Yodlee’s COVID-19 Income and Spending Trends sought out to observe how holiday shopping has differed this year compared to previous years. Spending on clothing has been steadily improving throughout the year, although even as the holiday shopping season is in full swing, it is still trending lower than 2019 due to a variety of reasons, ranging from shorter store hours to a slow economic recovery.
December 22, 2020 / Economy

China much closer to recovering ADR than Europe and the U.S.

From STR
In April 2020, as part of the significant economic damage caused by COVID-19, hotel average daily rate (ADR) in China, Europe, and the United States dropped 40% below pre-pandemic levels. Since that point, rates in all three regions have improved, but hotels in China are much closer to reaching pre-pandemic ADR.
December 22, 2020 / Business

2021 Trends: What Can We Expect?

From Placer
The COVID pandemic had a clear and demonstrable impact on the retail industry. But the biggest, and perhaps, most important challenge is discerning which of these trends are here to stay and which are short term phenomena limited to the realities and context of the pandemic itself. We took a look at several key trends that defined retail in 2020 with a look at which ones will have staying power into 2021.
December 22, 2020 / Business

Holiday halftime 2020: Retailers try to bring back the cheer

From Kantar Media
In a year that has experienced a pandemic, political turmoil and unprecedented forest fires, it can seem that nothing is left unchanged – including the winter holidays. Consumers may be looking forward to taking a break at the end of such a difficult year, but with COVID case levels well above past highs, many states retreating back into lockdown and unemployment still significant, it’s unclear how much cheer will be found.
December 22, 2020 / Economy

U.S. For-Sale Home Supply Tightened during Pandemic, Pushing Up Home Prices

From CoreLogic
After the pandemic took hold in the U.S. in early 2020, stay-at-home orders and uncertainty in the economy delayed listings from going live on the market. The typical spring home buying season was pushed into summer in 2020 and continued into fall. Meanwhile, low interest rates motivated home buyers.
December 22, 2020 / Economy

Chart: Covid Crisis Impact on Global Deal Flow vs GFC

From Real Capital Analytics
In July, after the first full quarter when we saw the global impact of the Covid-19 maelstrom, we studied the drop in global commercial real estate activity with a historical perspective going back to the Global Financial Crisis (GFC). Today, the chart plotting the average weekly deal count for the three global zones reveals more about the decline caused by an extraordinary crisis
December 21, 2020 / Culture

New Data Reveals Elf Industrial Productivity Soared 243pts in December

From Huq
Elf presence across Christmas workshops in Lapland has reached a new high today, with The Elf Index showing a significant rise in Elf productivity over the course of the last week.
December 21, 2020 / Business

Super Saturday: Retail’s Secret Weapon

From Placer
The 2020 holiday season has been as crazy as expected with major downturns on Black Friday for retail and malls. Yet, retailers have seen strength in new places this season, helping to offset those losses. And one place that may receive added focus in 2020 is Super Saturday.
December 21, 2020 / Business

‘Big 3’ Holiday Days Exceed $22 Billion in Online Spending, Grow 25 Percent Year-Over-Year

From Comscore
Top spending day Cyber Monday grew 24 percent to $9.8 billion, while earlier start to holiday shopping season saw online sales pulled forward to Thanksgiving and Black Friday. Given the pandemic and its impact on in-person retail sales, we expected a big start to the online holiday shopping season.
December 21, 2020 / Business

Worldwide digital games market: November 2020

From SuperData
Digital games earned $11.5B in November 2020, the highest monthly revenue ever. Overall earnings were up 15% over November 2019. Mobile grew 9% while PC rose 22% to reach a new revenue record, which was driven largely by the release of World of Warcraft: Shadowlands.
December 21, 2020 / Business

Cannabis Jobs Report: the green wave

From LinkUp
Election night last month left many with more questions than answers. But when the votes were counted, there was one clear winner: legal cannabis. In what many industry experts have dubbed the “green wave,” voters cleared cannabis for adult use in Arizona, Montana, New Jersey, and perhaps most surprisingly, South Dakota.
December 21, 2020 / Travel

Last-minute uplift in Christmas travel

From ForwardKeys
Research undertaken by ForwardKeys, the travel analytics firm, reveals that despite the COVID-19 pandemic and the consequent collapse in aviation, there has been a last-minute surge in flight bookings for the Christmas period. In a normal year, tickets issued for travel in the week before Christmas tend to grow progressively throughout the year.