Don’t forget to send those holiday texts: The world’s first text message ever sent, “Merry Christmas,” sold as an NFT for $121K at an auction house in Paris.
Stocks rose for a second day as better-than-expected consumer-confidence numbers suggest pandemic and inflation fears are cooling. NYSE will be closed in observance for Christmas!
Speaking of holidays, this is our last blog until Monday, December 27. Wishing everyone a very Merry Christmas….. Thank you for your continued support and readership! We hope you have a wonderful holiday season. EVENT-UAL
As NYC considers downsizing New Year’s Eve, a year of IRL events hangs in the balance
Hold the party horns… This week NYC officials are debating new restrictions for its famous Times Square celebration as Omicron cases spike. At this writing, NYC’s NYE party will require vaccination but not masks or boosters.
- NYC’s vax rate is higher than the national average, but its Omicron cases also doubled last week. Mayor Bill de Blasio said new NYE restrictions, like mask mandates, will be announced by Xmas.
- Big events across the city, from Broadway shows to holiday concerts and NBA games, were also canceled last week because of Omicron.
Bigger than the Big Apple… NYC planners aren’t the only ones considering last-minute changes to curb Omicron’s spread. Event organizers and travelers worldwide have debated whether to cancel plans:
- IRL work: Two-thirds of companies, including Apple , Ford, and Google , have postponed office returns.
- Holiday travel was split: Domestic travel appears to be mostly unaffected, while international travelers are canceling plans because of new restrictions in countries like France and the Netherlands, which has entered a full lockdown until mid-January.
- Large events are also mixed: January’s World Economic Forum in Davos, Switzerland, has been postponed, though next month’s CES event in Vegas is still on.
Next year’s calendar is up in the air… It’s too soon to tell whether 2022 will be the year IRL events make a comeback. The $100B conferences and events industry is closing the year in a wobbly spot, despite significant recovery from its darkest days of lockdown. Markets have risen since Omicron first appeared in the US, but analysts disagree over how much Omicron could affect business next year. Take airlines: Delta expects profits to rise as travel rebounds, but European airline RyanAir lowered forecasts on expectations that Omicron will limit travel.