🎄Takeoff #21: Christmas cheer for businesses, the next big thing in 2023, writing on the internet and much more..
Welcome to Takeoff, our community newsletter that lights up your inbox just like a beautifully decorated christmas tree 🕯️
Happy Christmas everyone 🎅
You may know the origin story of Christmas and why it’s celebrated across the world but today, we want to go deeper and talk about the business, festivals like Christmas generate across the world. Christmas might not be that popular in India but does it create value for businesses situated in India?
Today, we will deep-dive into this. There is no denying that it’s one of the major holidays celebrated around the world, and it also serves as a major source of business for many industries. From retail stores and online marketplaces to hotels, restaurants, and tourist attractions, the Christmas season brings in a significant amount of revenue for businesses of all kinds.
One of the main ways that the Christmas festival generates business is through gift-giving. Many people spend a significant amount of money on gifts for their loved ones during the holiday season, and this drives sales for retailers of all kinds. From traditional brick-and-mortar stores to online marketplaces, businesses see a boost in sales during the Christmas season as people shop for presents for their friends and family.
In addition to gift-giving, the Christmas festival also generates business through travel and tourism. Many people take vacations or travel to visit family and friends during the holiday season, which leads to increased demand for hotels, restaurants, and other tourist attractions. The Christmas season is also a popular time for people to decorate their homes, which drives sales for home decor and Christmas tree retailers.
According to Statista, In 2022, total holiday retail sales are projected to reach new highs of 942 billion U.S. dollars. Not only this, YOY growth of Christmas holiday retail sales is around 6%. This industry might generate business worth trillion of dollars next year and it would be a huge opportunity for the businesses.
During the Christmas season, businesses in India often see an increase in sales as people shop for gifts, decorations, and other festive items. Many people in India host parties and gatherings, and there is often an abundance of food and drinks to go around. This has been a good opportunity for businesses that sell food, beverages, and party supplies to increase their sales.
Overall if we have to summarize, the Christmas season can be a lucrative time for businesses in India and all over the world, as people are generally in a festive and spending mood.
What’s your favourite Christmas memory and gift?
📖 An interesting article for your tranquil Sunday evening
The next big thing in 2023 will be...
This is an excellent compilation of the next big things in 2023. In the article, 50+ incredible entrepreneurs, investors, and technology thinkers share their ideas. We are personally very excited about sectors like AI, healthcare and blockchain.
🧐 Food for thought
“We do not learn from experience...we learn from reflecting on experience.” ~John Dewey
A failure to reflect will eventually manifest as a failure to grow.
💫 A recent discovery we found fascinating
This week, we came across this insightful thread where the author talks about the benefits of writing publicly. He also highlights the route he would most probably take if he would have to start from ground zero.
✨ Signing off with some wisdom
“When I was 5 years old, my mother always told me that happiness was the key to life. When I went to school, they asked me what I wanted to be when I grew up. I wrote down ‘happy’. They told me I didn’t understand the assignment, and I told them they didn’t understand life.”
~ John Lennon
Happy holidays everyone!
We hope you have a great time with your loved ones.