Staff will assist guests with check-in during the Bellagio Hotel Casino reopening on June 4, 2020 in Las Vegas.
Ronda Churchill | AFP via Getty Images
With the states continuing to lift the restrictions on corona viruses, people in the U.S. have felt more comfortable traveling, taking transit, eating out, and even moving to a new home.
Improvements in the travel, restaurant, and real estate markets may indicate that a broader economic recovery is emerging, although the pandemic is still ongoing.
These five charts illustrate trends in key economic indicators that help track progress in reopening in the United States.
Travelers rely more on it Apple Maps for help with public transportation based on the latest data from the navigation app. The transit instructions from the app are almost half as high as in January as more and more people work in urban centers like New York City and San Francisco. However, requests for walking and driving directions were lower than earlier in June.
According to the online reservation service OpenTable, restaurant bookings have dropped by more than 60% compared to the previous year. Bookings declined 100% in March and April as restaurants across the country could only offer pickup and delivery, rather than on-site dining. Reservation bookings began to rise in May, however, as states eased restrictions and allowed guests to eat out again.
According to the global hotel research company STR, hotels are filling up at around 42% more occupancy. When more children are out of school and summer weather is on the move, families across the country can look forward to traveling. Norfolk / Virginia Beach, Virginia, was the only major travel market to exceed 50% hotel occupancy, closely followed by Phoenix, New York City, and Tampa, Florida, according to STR.
According to the Transportation Security Administration, the number of daily travelers who pass security checks at the airport has dropped by around 80% compared to the previous year. Passenger numbers have risen steadily since they dropped in the early stages of the coronavirus pandemic in March. The air travel industry is now waiting for passenger numbers to recover more during the busy summer season.
Mortgage applications to buy a family home rose 21% year over year as mortgage rates dropped to record lows, according to the Mortgage Bankers Association. “Purchase requests rose to their highest level in over 11 years and for the ninth time in a row,” said Joel Kan, deputy vice president of economic and industrial forecasting at MBA. “The real estate market continues to experience the release of unrealized pent-up demand early this spring and a gradual improvement in consumer confidence.”