Has travel been affected by the coronavirus, and if so by how much and where?

 

The overall volume of passengers traveling by air affects many of disparate industries - not just airlines but travel sites and aggregators that sell tickets, hotels and car rental companies that rely on airports for a large volume of their business, credit card companies, restaurants and retailers. The list can go on.

 

To try and gauge the impact that a reduction in travel due to the coronavirus might be having on these sectors and more, Advan analyzed foot traffic in key US and international airports. First, within the US, Advan looked at the largest airports for international passengers: Boston, Chicago, Los Angeles, New York and San Francisco, as well as Atlanta, which is a major airport hub.

 

Measuring the average daily visitors in each airport it becomes clear that the West Coast airports, and to a lesser extent, Chicago O'Hare, show a significant drop in traffic between January and February, compared to the previous 3 years. Los Angeles, in particular, saw a drop of almost 7% in traffic from January to February of this year, whereas in previous years the trend was more or less flat.

 

This is a clear indicator that air travel to and from Asia is starting to show identifiable weakness.

 

 

Coronavirus Data and Insights

Live data and insights on Coronavirus around the world, including detailed statistics for the US, EU, and China — confirmed and recovered cases, deaths, alternative data on economic activities, customer behavior, supply chains, and more.

Related Insights from Knoema

Will Costco Benefit from Stockpiling? By Advan Research

Recent news reports have highlighted an increase in foot traffic for Costco as the spread of the coronavirus spurs people to stock up on essentials. Some analysis has put the number of visitors to Costco stores in the US up 72% year-over-year. Advan ran a detailed analysis of true foot traffic at Costco. The graph below shows average daily traffic for each month since October 2015, with year-over-year changes overlaid.

LinkUp | US Real Estate Contracting Under Weight of COVID-19

The real estate world has taken its share of the burden of the COVID-19 pandemic, as people empty out of offices, hotels, and malls and work from their homes. Economic activity in construction and real-estate contracted sharply this year under the weight of the pandemic, with the largest decline yet recorded in April, according to the US Federal Reserve. LinkUp jobs data suggests the situation in the real estate industry will remain tough in June. In the three months between February and April, new private housing building permits in the United States declined 30 percent compared...

Apptopia | COVID-19 Impact on Consumer and Business Mobile App Popularity

(27 March 2020) The force that is 'global social exclusion' is becoming a fatal event for some businesses that rely on in-person labor force and customers, while for others it is a chance for rapid growth and development of new services lines. As the coronavirus infections curve worldwide has shifted over recent weeks to become still steeper, entire companies have begun switching to remote work operations. Many industries, such as air travel, tourism, and retail are undergoing rapid business model adjustments to soften the impact of the COVID-19 pandemic. Below we share another...

Coronavirus and the US Consumer by Prosper Insights & Analytics

Prosper Insights & Analytics has 18 years of experience producing market leading monthly survey-based research of consumers' overall confidence. In its most recent survey, Prosper asked consumers about their concerns with regard to the coronavirus pandemic and the related cancellation of major events. You can explore Prosper's latest findings in depth below, but we'll give the spoiler: 82% of US consumers expressed one form of concern or another and believe that they will somehow experience direct consequences of the pandemic. Moreover, for the first time in six months there is...