Hotel Industry: 8/09-8/15 Hotel Weekly Update Nationally, hotel occupancy was down 30% compared to 2019 this week. Atlanta was 3rd out of the 25 biggest lodging markets in the US for the least occupancy rate declines (-28.2%), up from last week’s ranking of 4th out of 25. Small Metro/Town (57.5%), Interstate (53.9%), and Suburban (52.4%) […]
Georgia’s August gross sales and use collections grew +5.6% YoY. 6 industries posted negative growth this month. The top 3 industries that experienced the most sales tax growth YoY this month are other retail (+24.68%), auto (+19.69%), and other services (+8.26%).
For the week of September 21-25, the Georgia public firms index dropped 1.9% in price since last Friday’s close. The index is down -3.9% YTD.
Total preliminary initial unemployment claims were down 13% from the previous week. This is similar to the number of initial claims two weeks ago, which was 42,085 for the week ended September 11th. The industry with the largest upticks in new claims was Construction, seeing a 31% increase in new claims, while the Arts, Entertainment, and Recreation industry saw a 23% increase in new weekly initial claims since last week. Meanwhile, Retail Trade and Accommodation and Food Services both improved this week.
A dive into the positivity rate and how it is being used to classify the level of the coronavirus pandemic spread in different areas.
A historical context to the current state of the restaurant industry in Georgia. Restaurants make up a very significant portion of the Georgia economy. With more than 18,000 locations, restaurants create 480,000 jobs and generate an estimated $22.9 Billion in sales annually. We’ll cover the state of the industry in Georgia, and walk through every stage of the pandemic as the industry recovered to where it is today.
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.
Alan Yadav, Georgia Tech student and researcher for the COVID-19 Economic Research Team, tested positive for the virus. Reflecting on his personal symptoms, Yadav explains what it’s like to have COVID-19 as a college student and how he got through the sickness with the help and support of family, friends, and the Institute’s surveillance technologies.
Cullen Stockmeyer and Connor Wood interview the Fraternity Chapter Presidents of SAE and ZBT at Georgia Tech to see how Greek Life has been impacted since the coronavirus outbreak in Spring of 2020.
Dr. Bradley Hepler, practicing Dentist and owner of Atlanta Center for Dental Health, discusses the personal impacts COVID has had on his business. Topics highlighted in this discussion include the swift changes that occured in the dental business model amid COVID, how office behaviors and practices have adapted due to these changes, and the impact SBA loans have had on sustaining business. Dr. Hepler also provides an optimistic outlook on the dental industry’s future, post-COVID.
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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