Travel & Transportation Archives - Bloomberg Second Measure

Uber vs. Lyft: Who’s tops in the battle of U.S. rideshare companies

When U.S. cities and states faced shelter-in-place orders to limit the spread of the coronavirus, Americans’ reduced mobility resulted in plummeting sales at rideshare companies. With the exception of a late 2020 dip, sales have been gradually recovering since April 2020.

Janine Perri — 14 Jan 2022

Cruise lines set sail toward sales recovery

Some cruise lines, including Norwegian (NYSE: NCLH) and Royal Caribbean (NYSE: RCL), have started setting sail again after being on hiatus throughout the pandemic. The cruise industry is one of the many areas within the travel sector—such as airlines, rental cars, and hospitality—that have been rebounding over the summer. Royal Caribbean and Viking River Cruises … Continued

Janine Perri — 31 Aug 2021

Rental car sales accelerate amid nationwide shortage

As travel-related sectors are bouncing back from the COVID-19 pandemic, rental cars have been in short supply. Consumer transaction data reveals that June 2021 sales for top rental car parent companies like Avis Budget Group (NASDAQ: CAR) and The Hertz Corporation (NASDAQ: HTZ) exceeded sales from the same month in 2019 and 2020. At the … Continued

Janine Perri — 26 Jul 2021

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

Liyin Yeo — 22 Jul 2021

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

Liyin Yeo — 04 Jun 2021

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

Liyin Yeo — 06 May 2021