Recovering from COVID

Recovering from COVID

by Rita Wilczek on Jun 17, 2021

Economic, recovery, confidence, Economy, Memorial Day, holiday, retail, sales

Recovering from COVID
Some promising trends emerge.

Provided by Rita Wilczek

With COVID, there were some who believed that progress on this health issue was a necessary precondition to economic recovery. 

In recent weeks, we have seen some promising trends emerge on the health front. The CDC is reporting the provision of 295 million vaccinations; 51% of Americans have had at least one injection.1

That confidence is starting to work its way into the economy as more people feel safer venturing out and making plans for the future.

Over Memorial Day weekend, one major hotel chain said that travel demand surged. The company notched a record-breaking number of bookings on Saturday over the holiday weekend. A North American movie theatre operator reported $100 million in ticket sales over the weekend, the best performance since the start of the pandemic. And a contemporary circus producer said ticket sales are double-digits higher than there were before the pandemic.2,3,4 

Are you feeling more confident about your personal recovery? We'd welcome the chance to hear about any spontaneous plans you created over the holiday weekend. But if you still have reservations, we understand. The pandemic changes were far-reaching, and we expect people will recover at their own pace.

Rita Wilczek may be reached at (952) 542-8911 or rwilczek@hirep.net

This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note - investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment.

Citations

1. Covid.CDC.gov, June 1, 2021

2. CNBC.com, June 1, 2021

3. CNBC.com, June 1, 2021

4. CNBC.com, June 1, 2021
 

 

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