We took a look at airport foot traffic data from the past few months to understand how the travel sector is reacting to easing pandemic restrictions, newfound inflation concerns, and rising gas prices. After two long pandemic years, people are ready to fly again. But a new challenge is throwing a wrench in the budding air travel recovery – airport staffing woes. Many airport and airline employees, including pilots and service workers, were laid off during COVID, and airports are finding that resuming normal operations will take time.
This week saw several airlines making capacity cuts in the United Kingdom, airline COOs departing from two of Europe’s major carriers and Virgin Atlantic announcing a new route to Florida. SAS called their pilots' bluff, and were double bluffed themselves into an application for Chapter 11, and, reassuringly, despite everything global capacity increased slightly week-on-week to 102.1 million, leaving us just 14% below the 2019 mark.
As we endure the third year of Covid-19, most people have adjusted to the ‘new normal’ and returned back to working in the office. While it is not surprising to witness a pull back on purchases relating to remote work, what about food delivery? Looking at Asia alone and digging into Measurable AI’s consumer panel, the data reveals that users are actually becoming more loyal now to the leading food aggregators than ever before.
The CoreLogic Loan Performance Insights report features an interactive view of our mortgage performance analysis through April 2022. Measuring early-stage delinquency rates is important for analyzing the health of the mortgage market. To more comprehensively monitor mortgage performance, CoreLogic examines all stages of delinquency as well as transition rates that indicate the percent of mortgages moving from one stage of delinquency to the next.
With high gas prices continuing to impact consumer spend, delivery startups gaining market share, and, well, the fact that it’s the eleventh of July, it’s only appropriate to take a deep dive into the world’s largest convenience chain 7-Eleven. In today’s Insight Flash, we take advantage of our ability to separate the company’s fuel versus ex-fuel sales to assess performance versus the overall Convenience subindustry, examine how often its customers cross-shop competitors, and look at how demographics differ between the two sides of the business.
We took a look at office foot traffic trends since the start of the pandemic with a special focus on the first half of 2022 to see what visit patterns could tell us about the workplace recovery. The first half (H1) of 2022 showed strong year-over-year (YoY) growth for office foot traffic. New York City, Chicago, San Francisco, and Boston all showed sustained growth in monthly office visits compared to the equivalent months last year.
ATTOM’s just released Q2 2022 U.S. Home Affordability Report shows that median-priced single-family homes and condos were less affordable in Q2 2022, compared to historical averages in 97 percent of U.S. counties. The report noted that figure was up from 69 percent in Q2 2021, to the highest point since 2007 – just before the housing market crashed during the Great Recession of the late 2000s.
The first half of the year is already over, it always flies by so quick! We're stopping to review the mobile app download leaders for the first half of 2022 (through June 30th). The two lists in this post do not include mobile games. To get a feel for how things are changing, you can review Apptopia's 2021 worldwide and US download leaders before diving into the below. We'll also be releasing H122 top charts for Travel, Retail, Fintech, Entertainment and more.
Having just returned from some time off and a tight deadline before tomorrow’s jobs report, I’ll skip the job market commentary this month and jump straight to our jobs data and our corresponding non-farm payroll forecast for June. In June, total job openings dropped 3% while new and removed jobs rose 1% and 3% respectively. Labor demand dropped 10% in the 2nd quarter and with the continued decline in total job openings in June, labor demand has returned once again to where it was last August.
Zalando is blaming its recent woes on broader industry trends. But although other European online fashion retailers are also seeing slowing sales, is there more to the story? In today’s Insight Flash, we compare Zalando’s recent spend growth to the broader industry, break down trends for urban shoppers versus the total UK, and look at whether new customer acquisition has slowed.
Taking a company public can be a long and arduous process. Yet an increasing number of companies have opted to expedite this by using Special Purpose Acquisition Companies (SPACs). SPACs can take only a few months to execute, instead of the usual 12-18 of an IPO. And they have soared in popularity over the last few years, with their share in the total number of IPOs increasing from almost a quarter in 2019 to over half in 2021. But what effects does this speed have on a company’s workforce, specifically around growth and employee well being?
June was a difficult month for brick-and-mortar retail visits. The combination of lingering inflation and high gas prices clearly took a toll. In addition, the comparisons to a stronger period in 2021 and to the beginning of the summer shopping season in 2019 only deepen that perspective. But looking at June numbers without the proper context can create a skewed view that may miss many key takeaways.
Although the real estate market showed signs of receding in Q4 2021, investors resumed their buying spree in early 2022. Investors made 28.1% of all single-family purchases in February, a record high according to CoreLogic’s data that goes back to 2011. March registered similarly high figures, with an investor share of 27.9%. Figure 1 depicts this bounce back in investor interest with investor share of home purchases rising nearly 5 percentage points from December (21.8%) to January (26.6%).
Games such as _Bridge Race_ and _High Heels_ have generated vast download numbers by removing virtually all the friction that would stop less committed users from playing. Hypercasual games are lightweight, have a scaled-down depth of content and progression and are usually free to play. This simplicity has brought millions of new gamers into the mobile gaming universe. The category scarcely existed before 2014 but in 2021 the action and puzzle hypercasual subgenres topped the download chart in 24 of 28 countries.
Heading into July, the US national average price of gas has surpassed $5 per gallon. Earlier this summer, we noted that one way consumers are striving to beat back rising gas prices is through the use of apps like GasBuddy, which saw 190% YoY increase in downloads as of June 2022. Now, amidst rising gas prices and concern over the climate crisis, there is a stark increase in demand for electric vehicles, according to data.ai’s mobile data. As of June 13, 2022 weekly downloads of the top 5 Electric Vehicle Charging apps increased 250% compared to the start of the year.
Our recent white paper dove into the retail strategies that brands are using to rightsize effectively. We analyzed store optimization plans from leading retailers to find out how closing or re-imagining a retail location can help increase foot traffic. Rightsizing doesn’t just mean closing stores – for some retailers, like Barnes & Noble, rightsizing can mean literally resizing the store area. The retailer used to command two to three story locations, but over the past few years, as much of book-selling moved online, the chain had to close locations due to a drop in demand.
While 2021 was a banner year for the overall housing market, it proved particularly strong for luxury home purchases. Sales of luxury homes — defined as homes priced at or above $2 million — jumped 72% in 2021 compared to the year prior and 116% when compared to 2019. Although all price segments within the luxury home market saw a substantial jump, the largest increase occurred for homes priced between $10 and $20 million, a segment which was up 89% in 2021.
It’s not every day that a pop star comments on the state of labor markets. But Beyoncé does just that with her new song, Break My Soul, an anthem of the Great Resignation. Due to this remarkable, and timely new piece, we thought it would be appropriate to pay homage to Queen Bee by providing an annotation of her latest hit, to help fans listen to this track the way it was meant to be heard: with supporting data, charts, and analysis.
The Index analyzes data from more than 100 top-tier indoor malls, 100 open-air lifestyle centers (not including outlet malls) and 100 outlet malls across the country, in both urban and suburban areas. Placer.ai uses anonymized location information from a panel of 30 million devices and processes the data using industry-leading AI and machine learning capabilities to make estimations about overall visits to specific locations.
As shared in a presentation on summer travel trends and tourism prospects for Spain delivered on the 30th of June by the Spanish Ministry of Industry, Trade and Tourism and ForwardKeys, confirmed bookings for travel to Spain in July and August point to “a summer like before the pandemic”, with the country having recovered nine in ten international bookings made in 2019.
