Hotel Industry Overview: 6/21-6/27 Hotel Weekly Update Nationally, hotel occupancy was down 38.7% compared to 2019 this week. Atlanta was 5th out of the 25 biggest lodging markets in the US for the least occupancy rate declines (-35.3%). Small Metro/Town (50.64%), Interstate (50.63%), and Resort (47.9%) hotels continue to be the best performing hotels in […]
TSA Checkpoint TSA checkpoint numbers have remained stagnant over the past two weeks. Historically, every week has increased the 4-month high by ~100k, however since July 2nd, daily traffic has not exceeded 760k. The plateauing of checkpoint numbers coincides with the rising number of new cases of COVID-19 in the United States. Though the TSA […]
Restaurant Reservations Restaurants have continued to stagnate, averaging approximately 59% for the last three weeks. While I initially postulated in last week’s article that restaurant reservations could be on the rise again, it appears that they haven’t increased at all. Reservation numbers do, however, operate on a cycle throughout a typical week, with a gradual […]
Recap of last week’s numbers In the July 10th edition of the Paycheck Protection Program report, the Small Business Administration released updated loan approval data. Cumulative loans increased by 1,514 up to a total of 158,328. Meanwhile, the cumulative dollar amount of loans decreased by $170,766,592, down to a total of $14,332,157,048. While the month […]
Based on the indexed performance of the top 30 municipal bonds in Georgia for the week of July 13-17, the bonds are up 2.3% YTD after a sharp decline in March, but still down from the market peak.
General Preliminary initial unemployment claims for the week ended July 18th were 120,281, which is down 18,171 claims from the previous week. Preliminary insured unemployment claims for the week ended July 11th were 695,827. This is down 96,890 from the previous week’s revised continuing claims number of 792,717 for the week ended July 4th. Since […]
Based on an index of the largest public firms in Georgia for the week of July 13-17, the Georgia public firms index rallied 5.5% just this week in price, while market cap increased by 4.1%. The largest changes during the beginning of the week and tapered off during the latter half.
Subletting properties has become very popular recently. A sublet is the leasing of a property to someone other than the main tenant. Also known as subleases, these are very popular in college areas with students who need to fill their apartment during a semester when they will not be in the area. Subletting allows someone […]
The total square footage of vacant retail and office space in Metro Atlanta has been increasing for the past few years. Because of the current pandemic and subsequent lock-downs, those numbers are only continuing to increase. Below are graphs depicting the changes in vacancies in retail and office space over the last 20 years. I […]
Reservations Barring the abnormal spikes and dips, restaurant reservations have plateaued over the past two weeks. Similar to foot traffic for bars and casual dining, it seems that consumers are being a bit more cautious about their dining patterns due to the resurgence of COVID-19 cases. Since the abnormal spike and dip, it seems reservations […]
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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