Movie Theater Industry October 27 Movie Theaters Movie Theater Foot traffic From September 25th to October 9th, movie theater traffic increased by 1% year over year. However, as all 500 Cineworld locations shut down, expect for the next report for movie theater traffic to decrease again. This, along with more movies being delayed until next year, puts the movie theater industry in a very rough place. In the news How movie theater operators are surviving without new films Sarah Whitten Movie theaters big and small are hauling in less than a quarter of the revenue they were generating last year. For many, bankruptcy looms. The largest cinema chain, AMC Entertainment, and B&B Theatres, the... Read More Restaurant Industry October 27th Restaurants Restaurant Reservations As of this week, restaurant reservations in Georgia are at 69% of what they were one year ago. This is a 10% lead over the national average where restaurant reservations are at 59% yoy. Two weeks ago, Georgia restaurant reservations were 5% lower on average then they are today. Casual Dining, Fast Food, And Bars Over last week, Casual dining traffic was at 76% of last year's traffic. Bars were performing slightly better at 82%. As usual fast food establishments have been unaffected, currently at 103% of last year. In the news Another victim of COVID-19 — association says 30% of GA restaurants... Read More Airline Industry October 27 Airlines TSA Checkpoint traffic (National) An important milestone was hit last week for TSA traffic. For the first time since March, on October 18th, more than one million passengers travelled in a single day. Daily average traffic continues to climb, up 48k over the last two weeks. Average passenger throughput is down 63% over last year. FAA Traffic (Regional) FAA traffic out of ATL is down 3% vs last month and down 39% of what it was last year. A contributing factor for higher air traffic vs passenger traffic is that one of Delta's hubs is out of ATL. Since Delta has continued... Read More Hotel Industry: 10/11-10/17 Hotels Hotel Industry: 10/11-10/17 Hotel Weekly Review Nationally, hotel occupancy was down 33.1% compared to 2019 this week. Atlanta was 3rd out of the 25 biggest lodging markets in the US for the least occupancy rate declines (-29.5%), up from last week’s ranking of 5th out of 25. Nationally, hotel occupancy rates by location deteriorated in all areas compared to last week. The largest occupancy declines were urban (-56.7% YoY occupancy decline) and resort (-44.6% YoY occupancy decline) hotels declining by -7.1% and -7.4% respectively compared to last week. Suburban (-28.8% YoY occupancy decline) and airport (-41.7% YoY occupancy decline) hotels slightly declined... Read More Georgia Sales Tax: September Sales Tax September Sales Tax Overview September Sales Tax Highlights Gross Sales and Use Tax Collections: Increased by 4.2% ($43.8 million) over last year's roughly $1.05 billion in collections.Net Sales and Use Tax: Decreased by -37.3% (-$189.6 million) totaling to $319.2 million for the month  Adjusted Sales Tax Distribution to Local Governments: Increased 45.4% (+$240 million) totaling to $768.3 million for the month. This is due to a one-time adjustment resulting from a series of audits undertaken by the Georgia DoR to assist taxpayers in taking corrective action to re-state their previously incorrect Sales Tax allocations for the period of time under... Read More Public Company Equities Week of October 19-23 Public Companies For the week of October 19-23, the Georgia public firms index rose 0.2% in price since last Friday's close, practically remaining stagnant. The index is up 3.8% YTD. Notably, two of Georgia's public REITs have made the list of the top 5 Worst Performing Firms YTD. Read More Municipal Bonds Week of October 19-23 Municipal Bonds For the week of October 19-23, the index comprising 30 bonds was up 1.2% Year-to-Date, down 0.2 percentage points in this figure since last week. The index has been on a slow decline since its peak in early August. Read More Public Company Equities Week of October 13-16 Public Companies For the week of October 13-16, the Georgia public firms index rose 0.1% in price since last Friday's close, practically remaining stagnant. The index is up 3.6% YTD. Read More

Georgia Tech COVID-19 Economic Research

The COVID-19 pandemic and subsequent economic shutdown  have wreaked havoc on global economies. We, a group of Georgia Tech students, supported by faculty, have created this web site to document the far-ranging effects of the virus on the health and well being of the statewide economy and its residents. What follows are descriptions of the effect of the pandemic on multiple sectors of the Georgia economy including employment, healthcare, sales tax, transportation, air travel, hotels, public companies, municipal bonds and real estate. We plan to update this data regularly, daily in some cases, to provide state residents and other interested parties with the knowledge to facilitate understanding and decision making in the current and post-Covid environment. Our project is under the guidance of the Financial Services Innovation Lab at Georgia Tech and sponsored by the Speedwell Foundation.

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COVID-19 Positivity Rate in Georgia
A dive into the positivity rate and how it is being used to classify the level of the coronavirus pandemic spread in different areas.

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Georgia Tech COVID-19 Confirmed Cases Daily Status Report
Notifications of confirmed cases of Covid-19 at Georgia Tech are reported on a daily basis on this Georgia Tech webpage. A confirmed case is defined as a person who has tested positive for 2019 novel coronavirus.

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Age and Existing Conditions of Fatalities
Most of the people who have passed away due to the coronavirus are those in the senior age groups. In addition, a majority of people who died from the corona had a pre-existing comorbidity or chronic illness. Unfortunately, we do not have statistics on infections by age or comorbidity, otherwise we could narrow down the virus characteristics more accurately.

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Unemployment 10/5-10/9
Total preliminary initial unemployment claims were down -19% from the previous week. This is down 10,131 claims since last week. All industries saw decreases in number of new weekly initial claims since last week, with Manufacturing and Transportation/Warehousing seeing the largest improvements. No industry saw more claims this week than last week.

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Construction Industry - Comprehensive Report
Project delays and cancellations, labor shortage, declining revenue and construction spending all pose risk to the funding environment, which leads to the long-term effect of COVID-19 on the construction industry.

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COVID Conversations Podcast

A series of interviews with topical experts on how COVID-19 is changing the Georgia economy. 

Movie Theater Industry October 27
Movie Theater Foot traffic From September 25th to October 9th, movie theater traffic increased by 1% year over year. However, as all 500 Cineworld locations shut down, expect for the next report for movie theater traffic to decrease again. This, along with more movies being delayed until next year, puts the movie theater industry in […]

Read More

Georgia Sales Tax: September
September Sales Tax Overview September Sales Tax Highlights Gross Sales and Use Tax Collections: Increased by 4.2% ($43.8 million) over last year’s roughly $1.05 billion in collections. Net Sales and Use Tax: Decreased by -37.3% (-$189.6 million) totaling to $319.2 million for the month  Adjusted Sales Tax Distribution to Local Governments: Increased 45.4% (+$240 million) […]

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Municipal Bonds Week of October 19-23
For the week of October 19-23, the index comprising 30 bonds was up 1.2% Year-to-Date, down 0.2 percentage points in this figure since last week. The index has been on a slow decline since its peak in early August.

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Destination Mobility
Mobility in Georgia dropped dramatically in early March when public safety precautions were first put into place. Between April 7th and June 5th, general mobility grew steadily, and, since June 19th, it has held steady at around 80% of typical mobility values. Fulton County has seen a rapid increase in the mobility beginning on July 6th that has continued in the last few weeks.

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Transit in the Atlanta Region
MARTA provides service to 1.7 million residents in Metro Atlanta through buses, vans, and rail, providing essential mobility to many kinds of travelers. See how MARTA continues to provide service through bus and rail modes during the COVID-19 pandemic.

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Airline Industry October 27
TSA Checkpoint traffic (National) An important milestone was hit last week for TSA traffic. For the first time since March, on October 18th, more than one million passengers travelled in a single day. Daily average traffic continues to climb, up 48k over the last two weeks. Average passenger throughput is down 63% over last year. […]

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Restaurant Industry October 27th
Restaurant Reservations As of this week, restaurant reservations in Georgia are at 69% of what they were one year ago. This is a 10% lead over the national average where restaurant reservations are at 59% yoy. Two weeks ago, Georgia restaurant reservations were 5% lower on average then they are today. Casual Dining, Fast Food, […]

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Hotel Industry: 10/11-10/17
Hotel Industry: 10/11-10/17 Hotel Weekly Review Nationally, hotel occupancy was down 33.1% compared to 2019 this week. Atlanta was 3rd out of the 25 biggest lodging markets in the US for the least occupancy rate declines (-29.5%), up from last week’s ranking of 5th out of 25. Nationally, hotel occupancy rates by location deteriorated in […]

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Public Company Equities Week of October 19-23
For the week of October 19-23, the Georgia public firms index rose 0.2% in price since last Friday's close, practically remaining stagnant. The index is up 3.8% YTD. Notably, two of Georgia's public REITs have made the list of the top 5 Worst Performing Firms YTD.

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Office and Retail Real Estate Tracking
We track daily real estate data including vacancy rates and asking rents per square foot compared to previous year for both the office and retail spaces in the Atlanta Metro Area. We also compare vacancies % increase from last year. When it there is volatility in the daily information we smooth this data by using weekly average instead.

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Small Business Administration-August 10th
Weekly Recap In the July 31st edition of the Paycheck Protection Program report, the Small Business Administration released updated loan approval data. The cumulative amount of loans outstanding in GA for the last two weeks increased by 6949—from 160,449 to 167,398 active loans. The cumulative dollar amount of loans in GA for the last two […]

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Atlanta Regional Commission's Operations Resources for COVID-19

Includes the COVID-19 Weekly Report with the latest data about the state of the novel corona virus in the Atlanta area.

Visit the ARC Website

Photo of an undetermined Georgia Tech home game during the 1918 college football season. That's when the sport was hit by the Spanish flu and the end of World War I.

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