• Travel & Transportation

    Cruise lines set sail toward sales recovery

    Some cruise lines, including Norwegian and Royal Caribbean, 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 in particular have captured … Continued
    • Travel & Transportation

    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 and The Hertz Corporation exceeded sales from the same month in 2019 and 2020. At the same time, peer-to-peer car … Continued
    • Travel & Transportation

    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
    • Travel & Transportation

    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
    • Travel & Transportation

    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