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Travel & Transportation
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. Bloomberg Second Measure’s transaction data shows that while sales at rideshare industry leaders Lyft (NASDAQ: LYFT) and Uber (NYSE: UBER) began to recover shortly after their early pandemic drop, they did so at different rates.
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Travel & Transportation
As we enter the new summer season, consumer transaction data shows that among major car rental and car sharing services, Turo—which filed for an IPO earlier this year—has seen the most growth in sales and customer counts over the past three years.
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Travel & Transportation
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. Despite a recent uptick, sales for the cruise line industry remain far below pre-pandemic levels.
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Travel & Transportation
As travel-related sectors are bouncing back from the COVID-19 pandemic, rental cars have been in short supply. We analyzed how industry sales have changed over the past two years, as well as how peer-to-peer car rental platforms stack up against traditional rental car companies.
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Travel & Transportation
U.S. consumer spending has been altered by the coronavirus pandemic. By analyzing industry-level data, consumer spending trends can provide insight into which sectors of the economy are recovering fastest.
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Travel & Transportation
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.
