Not necessarily.
The Weeknd is planning on a major film (that seems to be a horror film), After Hours til Dawn is getting Leg 3 in November/December in Asia/Australia (with a new concert beginning a run in NA in 2024), and Genesis [tis what I call it] seemingly aiming to be out next year as the final Weeknd album (with Abel then dropping the stage name and also investing more into his production company of Manic Sound).
If anything, this is a really good timing, and I wonder if the reason this announcement was delayed; is because it is going to be timed to be announced alongside the tour dates for Asia/Australia. Would speak highly of UDX and XOs communication background, and it could signal something to speculate for 2024.