by Calculated Risk on 9/13/2021 08:10:00 AM
These indicators are mostly for travel and entertainment. It will interesting to watch these sectors recover as the pandemic subsides.
The TSA is providing daily travel numbers.
This data is as of September 12th.
This data shows the 7-day average of daily total traveler throughput from the TSA for 2019 (Light Blue), 2020 (Blue) and 2021 (Red).
The dashed line is the percent of 2019 for the seven day average.
The 7-day average is down 23.2% from the same day in 2019 (76.8% of 2019). (Dashed line)
The second graph shows the 7-day average of the year-over-year change in diners as tabulated by OpenTable for the US and several selected cities.
This data is updated through September 11, 2021.
This data is “a sample of restaurants on the OpenTable network across all channels: online reservations, phone reservations, and walk-ins. For year-over-year comparisons by day, we compare to the same day of the week from the same week in the previous year.”
Note that this data is for “only the restaurants that have chosen to reopen in a given market”. Since some restaurants have not reopened, the actual year-over-year decline is worse than shown.
Dining picked up for the Labor Day weekend, but declined after the holiday. The 7-day average for the US is down 6% compared to 2019.
Note that the data is usually noisy week-to-week and depends on when blockbusters are released.
Movie ticket sales were at $162 million last week, down only about 5% from the median for the week due to the blockbuster “Shang-Chi and the Legend of the Ten Rings”.
The red line is for 2021, black is 2020, blue is the median, dashed purple is 2019, and dashed light blue is for 2009 (the worst year on record for hotels prior to 2020).
Occupancy is above the horrible 2009 levels. With solid leisure travel, the Summer months and Labor Day had decent occupancy – but it is uncertain what will happen in the Fall with business travel.
This data is through September 4th. The occupancy rate was unchanged compared to the same week in 2019, boosted by Labor Day demand and Hurricane Ida. Note: Occupancy was up year-over-year, since occupancy declined sharply at the onset of the pandemic.
Notes: Y-axis doesn’t start at zero to better show the seasonal change.
—– Gasoline Supplied: Energy Information Administration —–
Blue is for 2020. Red is for 2021.
As of September 3rd, gasoline supplied was down 2.0% compared to the same week in 2019.
There have been five weeks so far this year when gasoline supplied was up compared to the same week in 2019.
This graph is from Apple mobility. From Apple: “This data is generated by counting the number of requests made to Apple Maps for directions in select countries/regions, sub-regions, and cities.” This is just a general guide – people that regularly commute probably don’t ask for directions.
There is also some great data on mobility from the Dallas Fed Mobility and Engagement Index. However the index is set “relative to its weekday-specific average over January-February”, and is not seasonally adjusted, so we can’t tell if an increase in mobility is due to recovery or just the normal increase in the Spring and Summer.
The graph is the running 7-day average to remove the impact of weekends.
IMPORTANT: All data is relative to January 13, 2020. This data is NOT Seasonally Adjusted. People walk and drive more when the weather is nice, so I’m just using the transit data.
According to the Apple data directions requests, public transit in the 7 day average for the US is at 115% of the January 2020 level.
Here is some interesting data on New York subway usage (HT BR).
This graph is from Todd W Schneider. This is weekly data since 2015.
This data is through Friday, September 10th.
Schneider has graphs for each borough, and links to all the data sources.
He notes: “Data updates weekly from the MTA’s public turnstile data, usually on Saturday mornings”.