With the return of international tourism imminent, pieces are falling into place. Airline routes will stabilize and other nations will follow the U.S.'s lead, unfreezing borders around the world. We are confident a significant traveler flow is coming our way. The timing is excellent for the city's holiday push. The return of tourism tracks other indicator's of the city's health, like the luxury sales market—which is breaking records with three months of the year yet to go. There are lots of bright points on the opening/reopening front as well.

We are again overflowing with reopening news, as vaccine eligibility further expands and the CDC greenlights travel for those who've got their shots. Live theatre, music, and comedy have returned at least in part—even Jerry Seinfeld is back.