Here are some of the biggest signs this summer is about to be off the hook.
Executives at most of the major airlines said the recovery in domestic vacation travel is already here. This means that returns, which measure how many passengers pay for each mile traveled, have increased more than the airlines forecast.
“Domestic vacation bookings and returns have surely increased,” said Philip Baggaley, senior airline credit analyst for Standard & Poor’s. “They don’t fill up the plane as much, but they are fine in a very large and important part of their business.”
“Given that the growth of spirits has not slowed in 2021 to date, particularly with the rapid growth of ready-to-drink cocktails, we expect the trend of spirits to gain traction in the summer months to continue this year “wrote Liz Paquette, Drizly’s Head of Consumer Insights, in a blog post.
Chains like H&M, Anthropologie, and Macy’s say the demand for clothes has increased and they are introducing new styles to make money.
David’s Bridal, one of the largest wedding dress sellers in the country, said it anticipates weddings will return with a vengeance this year and through 2022 due to the pent-up demand.
“In terms of wedding volume, we expect it to have increased by around 50% compared to an average year before the pandemic,” said David’s Bridal CEO James Marcum. Based on the number and timing of dress orders the chain receives, he expects the pace of weddings to be strongest in fall, followed by next spring and summer.
Revenue hit $ 34.2 million in the four weeks ended April 18, more than 80% more than the same period last year, according to the latest figures from market research firm IRI, which tracks retail point-of-sale data.
Strong nuances like orange, bright pink, magenta and purple are the best-selling colors.
Sales of condoms are increasing
Condom sales in the United States rose 23.4% to $ 37 million in the four weeks to April 18, compared to the same period a year ago, according to latest figures from IRI.
That’s after a 4.4% decline for all of 2020, according to the company.
Concerts are back
Like most festivals, the major concert was canceled last year in view of the pandemic. It usually attracts around 100,000 visitors a day to see the multiple acts that take place on the various stages over several days. Lollapalooza will be one of the first multi-day music festivals to return with Bonnaroo in Tennessee and Governors Ball in New York in September. The New Orleans Jazz & Heritage Festival, usually held in the spring, takes place in October.
Smaller concerts, including the Railbird Festival in Kentucky, have seen strong ticket sales. The event was almost sold out in less than a month after it went on sale, which is helping tourists in Lexington to recover, officials told CNN Business.
“Demand for the 2020 festival experience was higher than ever, and most events were preparing for a record year. Music fans are now ready to make up for lost time,” said Jeff Cuellar, festival director at AC-Entertainment.
to eat out
OpenTable tracks the number of seated guests compared to the same period two years ago. Example: If on that day two years ago 100 people made reservations in a restaurant and today only 50, the seat share would be 50%.
Recently the number was relatively high. With some slumps and spikes along the way, the percentage of guests rose from 75% on March 1st to 87% on April 29th compared to 2019.
– CNN Business’s Chris Isidore, Nathaniel Meyersohn and Parija Kavilanz contributed to this report.
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