Total preliminary initial unemployment claims were down 7% from the previous week. The industries with the largest upticks in new claims include Transportation & Warehousing as well as Educational Services, which may reflect the impact of current conflicts regarding the opening and closing of schools.
Atlanta hotel occupancy was down 33.3% compared to 2019 this week. Delta’s CEO, Ed Bastian, said business travel may lag for 12 to 18 months during Delta’s most recent earnings call. For hotels classified as conference centers, upper-upscale, and luxury hotels this will prove to be a huge blow to occupancy, and with these segments experiencing a slow recovery, the hotels must find creative ways to book rooms.
For the week of August 10-14, the index comprising 30 bonds was up 2.6% Year-to-Date, a decrease of 0.6% since last week.
For the week of August 10-14, the Georgia public firms index rose 1.6% this week in price. The index is down -0.5% YTD, an improvement of 250 points.
Joseph DeNardi, Managing Director in the Equity Research Department at Stifel, discusses the competitive dynamics airlines currently face with regard to their existing and future liquidity as well as the loyalty programs which help finance their industry.
Rachel Panik interviews Michael Halicki of Park Pride and Howard Wertheimer or Piedmont Park Conservancy on the impact of COVID-19 on Atlanta’s parks
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.
Daily Updates The Atlanta multi family sector has seen a softening of trends due to the COVID pandemic. The charts below highlight a few key performance indicators of the multi family real estate in Atlanta. The rent prices decreased and the vacancy rate has increased similarly to the national index. Compared to a year ago, […]
Daily Updates The retail sector in the Atlanta market has had a huge impact due to the COVID pandemic. The charts below highlight a few key performance indicators of the retail real estate in Atlanta. Most malls and shopping centers have seen a decrease in business and many tenants have been unable to pay month’s […]
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 […]
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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