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.