![]() Whether looking to take advantage of low interest rates or adapting to the need for more space to work from home, consumers are continuing to seek out home services professionals at high levels. In March through May of 2021, home and local services continued to experience robust demand with consumer interest at 99% of 2019 levels during the same period. *Read about the methodology here Many Home and Local Services Recover Beyond Pre-Pandemic LevelsĪs many Americans spend more time at home, demand for home and local services continues to surge. Retail is Rebounding after Pandemic Woes Consumer interest in select shopping categories, relative to 2019 baseline In March through May 2021, antiques (recovered to 100%), flea markets (recovered to 94%), vintage shops (recovered to 87%), and thrift stores (recovered to 101%) all reached close to or above 2019 consumer interest levels. Shoes (recovered to 79% of 2019 levels), jewelry (recovered to 88%) and clothing categories including women’s, men’s and children’s (each recovered to 76%) all recovered to near 2019 levels. But that sentiment is starting to shift marked by the return to in-person shopping. ![]() Consumer interest in shopping has almost fully recovered – reaching 92% of March through May 2019 levels, during the same period in 2021.Ĭlothing sales dropped to record lows during the pandemic as more Americans remained home and had less of a need to renew their wardrobes in the absence of in-person gatherings and an increase in remote work. After more than a year of reduced spending, Americans now have the highest level of personal savings since the 1960s making it feasible for them to return to in-store shopping as local economies reopen. *Read about the methodology here Consumer Interest in Retail Rebounds as Americans Start Revenge ShoppingĪs is common in times of economic downturn many consumers tightened their spending at the onset of the pandemic. Indoor and Shared Food Experiences are Making a Comeback Consumer interest in select food and restaurant categories, relative to 2019 baseline Consumer interest in personal chefs and food delivery services have both grown beyond pre-pandemic levels in March through May 2021, recovered to 138% and 189% of the same period in 2019, respectively. While many consumers are returning to their favorite restaurants, not all are ready to give up the comfort of eating at home. Conveyor belt sushi (recovered to 97% of 2019 levels), tapas (recovered to 82%), hot pot (recovered to 75%), dim sum (recovered to 84%), and buffets (recovered to 52%) have all begun to rebound in 2021. Shared food experiences have made a comeback as people return to in-person dining. After a significant drop in March through May 2020, during the same period in 2021, restaurants have bounced back to 86% of 2019 levels and food businesses recovered to 92%. Increased Interest in Restaurants and Food Businesses Highlight Consumer Desire to Return to Social ActivitiesĪmericans are returning to in-person dining at restaurants driving a record number of diners seated via Yelp at a time when the industry as a whole is struggling to attract workers. During a time when labor shortages and rising commodity prices paint a hazy portrait of the overall health of the economy, Yelp’s consumer interest data provides unique insight into the types of businesses, states and cities that have recovered the most by analyzing millions of data points across more than 1,200 categories in all 50 states.įrom an initial dip at the onset of the pandemic, consumer interest in several major categories including restaurants, shopping and travel points to a healthy recovery for local economies. To understand how the recovery is taking shape in 2021, Yelp’s data scientists used the same period in 2019 as a baseline to provide a percentage of recovery after the pandemic driven declines in 2020.Ĭonsumer interest – measured by counting a few of the many actions people take to connect with businesses on Yelp: viewing business pages or posting photos or reviews – demonstrates how people are engaging with local businesses, in turn providing insight into how the economy is recovering. The period marking the onset of the pandemic – March, April and May of 2020 – was characterized by a sharp decline in consumer activity across most business sectors as people were directed to stay at home. For more on the methodology for this report, click here.Īs more people are vaccinated and local economies reopen this summer with the lifting of capacity restrictions and mask mandates, Yelp data reveals that Americans are eager to return to normal. ![]() For the June 2021 Economic Recovery Report, we’re using a new methodology that tracks several indicators on a daily basis. ![]()
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