Brendan McDermid | Reuters
Requests for transit instructions on Apple Maps are nonetheless nowhere close to pre-pandemic ranges, in accordance with knowledge from the navigation app. However, driving and strolling route requests have surged from their low factors throughout the early levels of the outbreak. Travelers could also be extra inclined to driving and strolling moderately than utilizing public transportation as coronavirus instances proceed to extend.
Ahead of the Fourth of July weekend, the U.S. resort occupancy charge has continued to creep upward and is now at 46%, in accordance with knowledge from world hospitality analysis firm STR. Norfolk/Virginia Beach, Va., was the solely journey market to surpass a 60% occupancy degree. Destinations like Boston, Orlando, Florida and Oahu Island, Hawaii, noticed a few of the lowest occupancy charges this week amongst STR’s prime 25 journey markets.
Mortgage purposes for getting a single-family house are 15% greater than the identical week final yr, in accordance with knowledge from the Mortgage Bankers Association. However, they did decline barely from final week regardless of mortgage charges hitting a report low. “Investors are considering the dangers of the latest resurgence of COVID-19 instances to the labor market and economy,’ stated Joel Kan, MBA’s associative vice chairman of financial and trade forecasting, in a press release.