(7 August 2020) The impact of the global coronavirus pandemic has been widespread and multifaceted. For American small businesses, shutdowns and COVID-driven changes in consumer spending habits have had dramatic and lingering effects across multiple industries.
One of the first areas to be particularly hurt by the coronavirus was restaurants and bars. Chinese food restaurants showed significant downturns in revenue early on, well before other types of restaurants, and well before government-mandated shutdowns.
Other restaurants and bars nationwide have been impacted severely, as bars were among the first businesses to be shut down completely by law during the first weeks of the pandemic. Restaurants in most areas were completely closed as well, but have gradually been adapting to a lessening in restrictions, allowing takeout/delivery/curbside service, limited dine-in service with special distancing requirements, etc.
Using data provided by Womply we will examine how bars and restaurants across the country have been impacted by the initial lockdown and social anxieties related to COVID-19, and how they have fared as the restrictions were gradually lifted. Now, as coronavirus cases have risen throughout the country, we will also look at whether restaurants and bars have suffered as many areas are tightening restrictions once more.
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(27 March 2020) The force that is 'global social exclusion' is becoming a fatal event for some businesses that rely on in-person labor force and customers, while for others it is a chance for rapid growth and development of new services lines. As the coronavirus infections curve worldwide has shifted over recent weeks to become still steeper, entire companies have begun switching to remote work operations. Many industries, such as air travel, tourism, and retail are undergoing rapid business model adjustments to soften the impact of the COVID-19 pandemic. Below we share another...
Prosper Insights & Analytics has 18 years of experience producing market leading monthly survey-based research of consumers' overall confidence. In its most recent survey, Prosper asked consumers about their concerns with regard to the coronavirus pandemic and the related cancellation of major events. You can explore Prosper's latest findings in depth below, but we'll give the spoiler: 82% of US consumers expressed one form of concern or another and believe that they will somehow experience direct consequences of the pandemic. Moreover, for the first time in six months there is...
Has travel been affected by the coronavirus, and if so by how much and where? The overall volume of passengers traveling by air affects many of disparate industries - not just airlines but travel sites and aggregators that sell tickets, hotels and car rental companies that rely on airports for a large volume of their business, credit card companies, restaurants and retailers. The list can go on. To try and gauge the impact that a reduction in travel due to the coronavirus might be having on these sectors and more, Advan analyzed foot traffic in key US and international...
(20 May 2020) In recent weeks, drivers have returned to the roads across the United States as states have increasingly relaxed social distancing guidelines. As of the week starting May 11, driving activity measured as the number of miles per commuter topped the pre COVID-19 peak (different for each state) for two US states, and in 14 US states driving activity increased to 80% or more of the pre-COVID driving levels, according to Nexar. It's some of the hardest hit US states, including New York, New Mexico and Nebraska, where driving activity continues to stay relatively...
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