5 charts illustrating US economic trends

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States are taking different approaches to reopening and closing during the pandemic, and the economy is feeling the pinch. More than half of states have instituted statewide mask warrants to slow the spread of the coronavirus. Some states and local jurisdictions have capped bar hours to limit the gathering of large groups. Schools are in the spotlight as fall plans roll out and the first days of most of the country draw closer.These five charts illustrate trends in important industries that help track the progress of reopening in the United States.

Direction requests

The driving and walking routes of Apple’s navigation system, Maps, have continued to show little movement since the start of July. Demands for both are also well above pre-pandemic levels, as they have been during most of the pandemic. The demands for walking and driving match the pandemic highs seen earlier this summer. Requests for transit directions also remained stagnant, about 50% lower than on January 13. Demand for transit routes remained unchanged for most of the summer.

Restaurant reservations

Despite some daily variations, restaurant reservations in the United States remained nearly 60% lower than last year, according to data from the OpenTable reservation app. Low bookings reflect continued uncertainty over meals and outings, which has been exacerbated by government officials expressing concern about the role of bars in the spread of the coronavirus. The lingering uncertainty also shows that while most places allow some form of dining in restaurants, the public does not feel as inclined to eat out as in previous years.

Hotel occupancy

Nationwide hotel occupancy rates are just under 50%, up 1% from a week ago, according to data from global hospitality research firm STR. In comparison, the US occupancy rate in July 2019 was 73.8%. The average daily cost of a hotel room continued the upward trend of around $ 1 per week, now at just over $ 100. Norfolk / Virginia Beach, Va., Remained a major travel market – and the only one to reach 60% capacity – as it did for most of the summer. Detroit remained at over 50% capacity for a week after previously experiencing below 30% capacity, with San Diego and Philadelphia joining the list of cities reporting hotels over half full. The island of Oahu and New Orleans both recorded less than 30% capacity.

Flight

The number of passengers passing through airport security checkpoints is still between 20% and 30% of what it was last year, according to data from the Transportation Security Administration. While there were some signs of life in early July, with some days approaching 40% of the same days last year, the numbers have continued to sit at around a quarter of previous years. Some airlines have cut offers in response to international travel restrictions and spike in coronavirus infection rates, with airline executives saying they did not expect a recovery until a vaccine was available . The low number of passengers reflects and is largely the driver of the persistent financial turmoil facing the industry.

Home shopping

Home purchases in the United States rose 20% year-over-year for an additional week, according to data from the Mortgage Bankers Association. However, mortgage applications fell 5.1%. Industry executives say the uncertainty reflects a lack of stability in jobs and the economy due to the pandemic. They expect this level of interest to remain relatively unchanged for the foreseeable future.

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