New data out of South Africa showed that the risk of hospitalization from Omnicron was 29% less than the original strain which was already pretty unlikely for young, healthy people . And another study just showed that this new strain multiples faster in the airways than in the lungs, which would contribute to less severe outcomes. But yet, there are talks of more restrictions, more panic, and more fear due to omnicron.
https://www.reuters.com/business/healthcare-pharmaceuticals/...
https://www.washingtonpost.com/world/2021/12/14/south-africa...