Author: Liyin Yeo

    COVID-19 Industry Tracker

    U.S. consumer spending has been altered by the coronavirus pandemic. Our data reveals that consumers are changing the way they pay for goods and services, with some industries seeing spending shift toward online purchases. Additionally, the pandemic has changed the types of purchases consumers are making, with stimulus recipients increasing their spending on big-ticket items. … Continued

    Airbnb and hotel industry show signs of strong recovery

    Transaction data reveals that travel-related sectors are recovering. As such, hotel sales spiked in April 2021 as increasing vaccination rates and warmer weather have more U.S. consumers planning vacations. The travel accommodations industry is reaping the benefits of the growing demand for travel, with Airbnb leading the pack. The hotel industry saw sales fall 77 … Continued

    Airline sales taking off

    As the U.S. economy reopens, consumer spending has increased in travel-related sectors. Transaction data shows sales for air travel, hotels, and travel arrangement services have increased since plummeting in March 2020, and rose dramatically in March 2021, while the cruise industry’s recovery remains sluggish. Within the airline industry, both full-service and low-cost airlines have been … Continued

    Theme parks having roller coaster of a year

    Consumer transaction data reveals that theme parks across the U. S. have been on the road to recovery, with both ticket sales and customer counts on the rise, after having been hit hard by shelter-in-place orders in March 2020. The industry witnessed a 55 percent decline in sales year-over-year in March 2020, and has since … Continued

    Pet supply companies thrive while pet care companies struggle

    Since restrictions on social gatherings were introduced in March 2020, many U.S. consumers have turned to animal adoption to keep themselves company during the coronavirus pandemic. The pet industry as a whole observed 18 percent growth from March to December of 2020, with most of this growth driven by the pet supplies sector. Sales for … Continued

    Sneaker resellers putting their best foot forward

    Aftermarket sneaker resellers have witnessed a surge in consumer demand over the last 12 months, likely accelerated by the closure of brick-and-mortar sneaker stores during the pandemic. While traditional sneaker retailers—FootLocker, FinishLine, and ShoePalace—saw little or no growth in 2019 and then experienced a collective year-over-year sales decrease of 72 percent in April 2020, aftermarket … Continued