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Consumer Discretionary Businesses see Light at the End of the Tunnel

Consumer Discretionary Businesses see Light at the End of the Tunnel

There is no question that a segment of retail has moved online this year. Offline (i.e.in-store) credit and debit card spending is down 15% year-over-year versus total spend according to transaction data from ConsumerEdge. Foot traffic at consumer discretionary store locations is also 20% lower year-over-year than foot traffic to production locations for consumer discretionary retailers. These parallel trends show us that foot traffic trends at store locations closely reflect offline spending, while traffic at production facilities gives us a window into total spend - both online and offline.
2 minutes
Airport Foot Traffic Shows 99% Correlation with TSA Screened Traveller Numbers

Airport Foot Traffic Shows 99% Correlation with TSA Screened Traveller Numbers

Advan analysis of footfall at US airports shows a gradual upward trend in traveller numbers, although volumes still remain significantly depressed compared to March. Comparison with TSA screened passengers shows a very high correlation over time, of over 99%. This means that foot traffic data provides almost 100% confidence in showing the number of travelers passing through airports in the US. Follow us on Twitter and LinkedIn .
One minute
Foot Traffic Data Signals Upward Trend for Hotel Revenues

Foot Traffic Data Signals Upward Trend for Hotel Revenues

After months of travel restrictions and lockdown, there is some hope on the horizon for hotel chains such Hilton. Foot traffic is a very accurate measure of performance for hotels, as well as for cash-heavy businesses such as casinos. For such type of companies tracking performance by transaction data is tricky, due to the fact that the booking date is different than the visit day and hotels have to book the revenue when the patrons visit the hotel, not when they book it (by GAAP standards).
2 minutes
Black Friday Suffers Pandemic Blues

Black Friday Suffers Pandemic Blues

Malls around the US suffered a significant blow during what is usually the busiest shopping weekend of the year. Foot traffic was down 41% year-over-year on Black Friday and 45% on Saturday. As we reported in our blog post last week, there was a pick-up in traffic during the first three weeks of November as many people opted to take care of their shopping sooner, in order to beat the rush and in anticipation of lock-down orders across the country.
2 minutes
Mall Visits Accelerate Ahead of Black Friday

Mall Visits Accelerate Ahead of Black Friday

With a new phase of lockdowns beginning across the US, many shoppers have opted to get a jump on Black Friday over the past week. Foot traffic to malls increased steadily across most states other than Texas where case numbers have climbed significantly, although lockdown measures have not yet been imposed. Mall visits in Texas have remained more or less flat since the start of the month. Florida saw a week-over-week increase of 7% in mall traffic, on top of a 3% increase in the prior week.
2 minutes
As UK Enters Second Lockdown, New Patterns of Behavior Emerge

As UK Enters Second Lockdown, New Patterns of Behavior Emerge

With the UK now in its second week of nationwide lock-down we are starting to see some familiar patterns of behavior based on analysis of foot traffic data. But there are also some significant differences compared to the first wave. We looked at 5 indices for key sectors. All of our comparisons are against the average footfall in January 2020, as a pre-COVID benchmark. In April, when the majority of businesses were closed, foot traffic fell by 80% or more across almost all sectors, with the exception of those in our food stores index.
2 minutes
Pandemic Migrants Signal Changing Attitudes Towards Living in Major Cities

Pandemic Migrants Signal Changing Attitudes Towards Living in Major Cities

Among the many social and cultural changes that the pandemic has brought about, arguably the most impactful will be the ways in which it has influenced our decisions about where to live. Not just temporary relocations while we ride out lock-downs and WFH, but permanent migration that will alter how we live and how we spend. Mobility data allows us to see these patterns in almost real time and our recently launched REPerspectives portal allows us to easily visualize where people live and where they are moving to, at any census level.
2 minutes
Casinos Make a Comeback, Though Location Matters

Casinos Make a Comeback, Though Location Matters

After a dismal April and May, when casinos across the country were closed to visitors, Nevada’s casinos have been slowly recovering. But although many casinos on the strip are now open, foot traffic remains depressed - down 40% year over year in October to date. Around the country, the pace of recovery for the sector has varied significantly by state. Missouri’s casinos were the first to jump back. As early as June, foot traffic was only down 50% compared to the previous year.
2 minutes
Tentative Comeback for US Airports

Tentative Comeback for US Airports

In our recent webinar, we spent some time looking into foot traffic trends at airports in America and Europe. Location data is a very reliable proxy for airline passengers, since there are few reasons to be at an airport other than to board a plane. Precise mapping can filter out people who have come to collect or drop off passengers from those who have passed security in order to catch a flight.
2 minutes