By analyzing foot traffic data available through Unacast Now, actionable insights can be gained that allow consumers to gain a competitive advantage in the marketplace. When analyzing Denver foot traffic data available through the Foot Traffic module, actionable insights can be derived in a number of categories. These categorical insights include but are not limited to geographical insights, seasonal insights, industry insights, and brand specific insights.
The average monthly foot traffic for Denver in the last 12 months was 4,875, this is a 7.9% decrease from the previous 12 months. Though foot traffic in Denver is decreasing overall, zip code 80012 has seen a steady increase. Heritage Hills, Columbine Valley and Aurora neighborhoods experienced the highest total foot traffic for Denver. These 3 neighborhoods constitute over 10% of the total foot traffic experienced from 06/01-2020-05/31/022. Conversely, the Louviers, Pine, and Silver Plume neighborhoods experienced the lowest total foot traffic for the same period of time.
Methodology – Denver foot traffic data was pulled from the Foot Traffic Trend Value module on a monthly basis. The metric Person Count was averaged by zip code by month and simple linear regression was applied to generate trend lines for Foot Traffic. When visualizing the data, the total foot traffic by zip code was plotted on a map and colored by total foot traffic. To analyze specific points of interest, data is aggregated at the Census Block Group geographic level. Additionally, Census Track level data can be used to investigate the surrounding area to any point(s) of interest.
Denver saw the highest average monthly foot traffic (6,163) March 2021 through August 2021 with May 2022 having the lowest average foot traffic of 3,621 average visitors. May 2021 had the highest average foot traffic (7,319) for the total time frame analyzed (06/01-2020-05/31/022). When considering only the past 12 months, the foot traffic pattern changes displaying no seasonality. Further analysis would provide insights into this change in visitor behavior.
Methodology - The metric Person Count was summed by zip code by month to generate Foot Traffic. To analyze change in foot traffic by quarter, Person Count was summed by zip code by quarter and the percent change was calculated between quarters.
Utilizing the North American Industry Classification System (NAICS) codes available in the foot traffic trend value module, consumers can gain valuable insights on 102 unique industry sectors found in Denver. The top industries include: Limited – Service Restaurants, Supermarkets, General Merchandise Stores, Convenience Stores, and Restaurants. While the industry specific foot traffic patterns generally mirror the overall foot traffic pattern of Denver, there is a notable difference in the hotel industry. While the foot traffic trend in Denver is decreasing, the hotel industry is experiencing an increase in average monthly foot traffic. Additionally, there was a larger than expected increase in foot traffic in the hotel industry in April 2022. Deeper analysis of foot traffic data for specific brands in the hotel industry could illuminate potential causes for this uptick.
Methodology – The NAICS codes were grouped to create broader Industry level classifications. The Person Count metric was then averaged by industry by month to calculate foot traffic. The data was then visualized for individual industries.
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Foot Traffic data is available for 1,223 unique brands in Denver allowing consumers to create detailed brand analysis as well as head-to-head comparisons between two or more brands. The most highly trafficked brands in Denver include: King Soopers, Walmart, McDonald’s, Starbucks, and Primo Water.Taking a deeper dive into the foot traffic data available for the 37 Walmart locations in Denver, we find that 14% or 5 locations are experiencing an increase in foot traffic. For the time period 06/01-2020-05/31/022, Brighton has the highest average foot traffic pattern with 91,563 visits per month. The Welby area had the highest total foot traffic for Denver Walmart locations with 2,331,492 visits. This can be explained by the zip code 80229 being home to 2 Walmart locations in total. The total foot traffic at the 9901 Grant St location is decreasing, it is the most visited Walmart boasting approximately 4.7% of all Walmart foot traffic in Denver. Conversely, the 10400 E Colfax Ave location accounts for only 0.59% of the total Denver Walmart foot traffic.
Methodology – The Denver data was filtered to only consider the brand Walmart. The metric Person Count was summed by zip code by month to calculate Foot Traffic. To analyze change in Foot Traffic by quarter, Person Count was summed by zip code by quarter and the percent change was calculated between quarters. For location level data, Person Count was summed by Street Address. Foot Traffic Percentage was calculated by taking the sum of foot traffic for street address and dividing the resulting value by the total Foot Traffic for Denver in the selected date range.
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