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VSPC COVID-19 Insights as of 4-3-20
- 1. Visit St. Pete/ Clearwater Covid – 19 Insights As of 4/3/2020
- 12. Visit St. Pete/ Clearwater Covid – 19 Insights As of 4/2/2020
- 50. Visit St. Pete/ Clearwater Covid – 19 Insights As of 4/1/2020
Editor's Notes
- March witnessed a historic drop in air traffic as COVID-19 travel restrictions expanded and demand for air travel evaporated. The total number of flights tracked by Flightradar24 in March 2020 was 4,294,685, down 21.6% from 2019. Commercial flights tracked in March were 27.7% lower than 2019. But monthly figures don’t capture the full picture. https://www.flightradar24.com/blog/tracking-marchs-historic-drop-in-air-traffic/?utm_campaign=website&utm_source=sendgrid.com&utm_medium=email
- The impact of COVID-19 on air traffic took hold in the third week of January when traffic in China experienced a nearly 75% decline. After falling more than 80% by mid-February, in the final week of February into the first week in March, traffic in China recovered to 40% of normal. European declines began in Italy in the fourth week of February, but were limited until the second week in March when global air traffic began to grind to a halt. In the first week of March, total global traffic was still up 4.5% compared to 2019. In the final week of March, total flights tracked by Flightradar24 were 55.7% fewer than 2019.
- Commercial traffic levels declined below 2019 in early February, but trended upwards into early March before plummeting. In total, commercial traffic was down 27.7% below 2019 levels for March, but again full month figures fail to capture the dramatic decline in the latter half of March. In the first week of March, commercial traffic was down 3.9% below 2019 levels. In the final week of March, commercial traffic declined 62.9% from the same period in 2019.
- https://www.gstatic.com/covid19/mobility/2020-03-29_US_Florida_Mobility_Report_en.pdf
- https://www.gstatic.com/covid19/mobility/2020-03-29_US_Florida_Mobility_Report_en.pdf
- Florida
- Florida
- Adara
- Adara
- Adara Graph shows March to summer, searches able to track in the system, how does this compare to similar searches to last year
- Adara From last week see a over 50% year over year demand decrease
- Adara Still down 25% down at end of summer, but a gentile optimism that the end of summer might see some increase.
- Oxford economics Adam Sacks update 4/2/2020
- Oxford economics Adam Sacks update 4/2/2020
- Oxford economics Adam Sacks update 4/2/2020
- Oxford economics Adam Sacks update 4/2/2020 Jobs highest risk in travel industry Unemployment to surge to 12% All depends on duration Given trajectory should be in double digits within a month or two
- Oxford economics Adam Sacks update 4/2/2020 Hourly cut in half in the last week or two, The amount of hours is over 50%
- Oxford economics Adam Sacks update 4/2/2020 53% of households do not have any emergency savings About 2/3 don’t have any EF faced with a troubling time and will be applying for the unemployment Shows the importance to supply massive stimulus
- Oxford economics Adam Sacks update 4/2/2020
- Oxford economics Adam Sacks update 4/2/2020 The elements going to make the big difference, house payments, company loans and grants More to come
- Oxford economics Adam Sacks update 4/2/2020
- Oxford economics Adam Sacks update 4/2/2020 Add that all up, we have already topped that all together with the CARES act, and there are more to come, policy makers are taking this serious and warrants how serious this is, the current projections 400 billion dollars hit this year
- Oxford economics Adam Sacks update 4/2/2020 Move into the summer months Hopefully loosening of restrictions and movement of some travel Still down but it is something Overall, STR show 50% of room decline y/y Next year 80% increase
- Oxford economics Adam Sacks update 4/2/2020 Expect a huge rebound in 2021
- Oxford economics Adam Sacks update 4/2/2020 Annual occ and ADR ADR will be stickier and take longer to claim into 2022
- Oxford economics Adam Sacks update 4/2/2020 GDP and consumer demand, investment activity, and international trade, growth in 2021 is going to be remarkable, not unusual Shorter length stays and shorter length of stay are the first to come Reflects a travelers aversion to risk Will see those come back first and gradually extend
- Oxford economics Adam Sacks update 4/2/2020 New webinar
- When you don’t flatten the curve, exacerbates the mortality rate and puts stress on the health system Working within the limits of the system, units of bed and intensive cares, then you see the other problems What to flatten the recession curve by doing massive stimulus
- Oxford economics Adam Sacks update 4/2/2020 Are is the great recession, cant compare but
- Oxford economics Adam Sacks update 4/2/2020
- In a recession now
- Pattern holds Asia europe occupancy driven United states in the sharp delcinein demannd and occ
- Lack of sharp occupancy decline, A lot more is us and lack of federal lockdown in the us, is going to take much longer and state by state cases
- Who is still traveling?
- Trucker on highway, people self quarantine away from family Healthcare workers staying close to hospital not want to effect household
- Look at 2007 and the 2008 financial crisis Took 6 years not thinking about inflation So about 7 years Not a V shaped recovery
- Destination International Webinar 4/1/2020 Industry Update
- Destination International Webinar 4/1/2020 Industry Update
- Destination International Webinar 4/1/2020 Industry Update
- Destination International Webinar 4/1/2020 Industry Update
- Destination International Webinar 4/1/2020 Industry Update
- Destination International Webinar 4/1/2020 Industry Update
- STR Weekly Pinellas through March 28th Occupancy
- STR Weekly Pinellas through March 28th ADR
- STR Total US occupancy through 3/28/2020
- Tampa Times Tracker
- Kinsa Health data Pinellas