Artists and concert venues know how many tickets are sold to every show – but they don’t necessarily see who is attending each event. Location intelligence can shed light on the unique visitor profile each artist attracts and how audience demographics and psychometrics can vary within a single venue depending on the performer. Benito Antonio Martínez Ocasio, also known as Bad Bunny, was one of the most popular musicians of 2022.
Many retailers approached the recent holiday shopping season with understandable uncertainty. After all, it’s a season that has traditionally accounted for up to 40% of annual sales. The disruptions wrought by inflation and pandemic-driven changes in consumer behavior left many merchants and service providers wondering whether they’d find a windfall under the tree or coal in their stockings. Before the season started, Envestnet | Yodlee’s research team used the company’s vast array of consumer spending and transaction data to derive some insights.
At the end of November 2022, Amazon.com, Inc (NASDAQ: AMZN) announced that it saw record sales during the five-day shopping period between Thanksgiving and Cyber Monday. But how did the rest of the holiday season fare? Consumer transaction data shows that Amazon’s U.S. consumer sales during the 2022 holiday season exceeded its holiday sales during the previous three years. In addition, Amazon’s year-over-year holiday sales performance outpaced that of several major superstore companies, such as Target and Costco.
2022 saw the coffee space impacted by high inflation and the curbing of discretionary spending. But amidst these setbacks, the leading coffee chains expanded their footprints, rolled out perennial favorites, and welcomed crowds of loyal visitors. In recent months, many consumers saw coffee as an affordable luxury and were once again enchanted by coffee’s seasonal charm.
In 2022, the value of commercial and multifamily construction starts in the top 10 metropolitan areas of the U.S. increased 37% from 2021, according to Dodge Construction Network. Nationally, commercial and multifamily construction starts increased 25%. Commercial and multifamily construction has made impressive gains in 2022 largely driven by rising demand for apartments and condos. Not to be outdone, commercial starts also posted strong gains fueled by increased demand for hotel, data center, and retail projects.
Restaurant sales growth remains strong year-over-year, but the last two months of the year showed there is some slowdown already in effect. Same-store sales growth was +4.8% in December, an acceleration of +1.5 percentage points compared to November’s year-over-year results. However, these two months were the weakest for restaurant sales growth since the industry saw a rebound back in August of 2022. Average sales growth for November and December was +4.1%, compared with a stronger +5.1% average for the period between August and October.
Welcome to the February 2023 Apartment List National Rent Report. Our national rent index fell by 0.3 percent over the course of January, marking the fifth straight month-over-month decline. This month’s price dip was notably more moderate than the record-setting declines we saw from October through December. That said, January’s decline was still sharper than the usual seasonal trend, signaling the continuation of a broader cooldown in market conditions.
Meal kit companies had sizzling sales in the early months of COVID-19, as consumers turned to subscription services to fulfill basic needs. But in recent years, the industry has seen challenges related to seasonal demand, rising inflation, and high operational and marketing costs. In fact, some meal kit companies like Blue Apron and HelloFresh announced layoffs in recent months, and Blue Apron (NYSE: APRN) received a delisting notice from the NYSE in December 2022.
STR’s global bubble chart update for 2022 shows resilient performance and plenty of momentum to face a challenging 2023 ahead. Almost half of the STR-defined markets around the world fully recovered revenue per available room (RevPAR) to 2019 levels. Among the 64 countries with room supply of more than 50,000 rooms, Jamaica, Israel, Cyprus, Switzerland, and Singapore were the top five performers on an absolute RevPAR basis in 2022. In most regions, performance was driven more by hotel prices while occupancy lagged pre-pandemic levels. Israel led all countries with an average daily rate (ADR) of more than US$300.
With its high concentration of government institutions, universities, and thriving art scene, Washington, D.C. has long attracted out-of-towners willing to relocate to take advantage of the city’s unique professional, academic, and cultural opportunities. And while the population influx slowed over COVID, domestic migration trends appear to have fully bounced back, with both D.C. and its surrounding counties looking stronger than ever. We took a closer look at migration patterns and demographic trends over the past three years to explore who is moving in and who is moving out of the capital city and its surrounding areas.
The CoreLogic Loan Performance Insights report features an interactive view of our mortgage performance analysis through November 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.
ATTOM, a leading curator of real estate data nationwide for land and property data, today released its Year-End 2022 U.S. Home Sales Report, which shows that home sellers nationwide realized a profit of $112,000 on the typical sale in 2022, up 21 percent from $92,500 in 2021 and up 78 percent from $63,000 two years ago. Despite a market slowdown in the second half of last year, profits rose from 2021 to 2022 in 98 percent of housing markets with enough data to analyze.
Top-line performance recovery was aplenty around the U.S. in 2022 as record-breaking levels of demand were combined with strong pricing power in an inflationary setting. Among the recovery highlights, New York City made a phenomenal comeback to grab the nation’s top spot in revenue per available room (RevPAR), while smaller hotel destinations with a primary focus on high-end travelers also found significant levels of success for the year.
With the announcement of Macy shuttering some additional stores in 2023, we dove into the location intelligence data to understand the rationale behind the brand’s store fleet optimization strategy. Macy’s first announced its Polaris transformation strategy in February 2020 – a month before COVID-19 upended the brick-and-mortar retail landscape. The three-year plan involves closing 125 stores – mostly in malls or in underperforming locations – along with opening smaller, stand-alone venues, revamping the brand’s loyalty program, and ramping up investment in private labels.
It isn’t just the December chill rolling in. The frosty winds of recession are blowing steadily and prompting many companies to brace against a global financial downturn. While many in the tech sector are opting to cut costs through staff cuts and hiring freezes, companies without such a payroll cushion are seeking ways to squeeze value from every asset they have.
For most junior employees, the culture in which they work is defined by their managers. We previously covered how Toxic Corporate Culture was a main driver of The Great Resignation and how Gen Z is redefining work culture as we know it today. Today, we look at whether excess management has a negative effect on company culture. And if so, what is the business impact of being a top-heavy company?
For over a century, grocery shopping has been an essential part of our daily lives. And because inflation has led many Americans to opt for more meals at home, supermarkets have become an even bigger part of our routines. But that doesn’t mean that grocery shopping has to be a dull affair. Thankfully, many exciting experiences can be found at grocery stores across the country, and perhaps the most exciting development is the infusion of technology into how we shop for food.
This week MediaRadar reviewed ad buys from the week of January 2, 2023, and compared them to ads that ran the week of December 26, 2022. While we highlighted four categories in this article, you can see the shifts in ad spend among all categories here. We look at Quarter-Over-Quarter (QoQ), Month-Over-Month (MoM) and Week-Over-Week (WoW). Here are some key weekly takeaways from advertising shifts that took place. Travel advertising increased over 15% WoW. This represents over a $75mm investment during the first week of 2023.
Total construction starts jumped 27% in December to a seasonally adjusted annual rate of $1.185 trillion, according to Dodge Construction Network. During the month, nonresidential building starts increased 51%, nonbuilding starts increased 30%, and residential starts rose less than one percent. Across 2022, total construction starts were 15% higher than in 2021. Nonresidential building starts rose 38% over the year, nonbuilding starts were up 19%, and residential starts were down 3%.
China’s decision to ditch its zero-Covid policy has triggered a surge in flight bookings, according to the latest data from ForwardKeys. And it’s the intra-regional neighbours in Asia who will reap the benefits the most. ForwardKeys China Market Analyst, Nan Dai, shared the latest figures in a joint webinar with Dragon Trail International and the consumer sentiment data aligned with the booking trends.
