Brendan McDermid | Reuters
According to the navigation app, requests for transit instructions on Apple Maps are nowhere near the pandemic. In the early stages of the outbreak, however, driving and walking instructions rose from their lows. Travelers are more inclined to drive and walk than to use public transportation as the number of corona viruses continues to increase.
Before the weekend of July 4th, hotel occupancy in the United States continued to increase and is now at 46%, according to global hotel research firm STR. Norfolk / Virginia Beach, Virginia was the only travel market to exceed 60% occupancy. Destinations such as Boston, Orlando, Florida and Oahu Island, Hawaii saw some of the lowest occupancy rates among STR's top 25 travel markets this week.
According to the Mortgage Bankers Association, mortgage applications to buy a family home are 15% higher than in the same week last year. However, they fell slightly compared to last week, even though mortgage rates reached a record low. "Investors are considering the risks of the recent resurgence of COVID-19 cases to the labor market and the economy," said Joel Kan, vice president of economic and industrial forecasting at MBA, in a statement.