Eh, kind of. After the whole Mummy fiasco tanking their cinematic universe dreams Universal shifted to the director driven stand alones to push their classic monster IP yeah, but Renfield is more outside that direction than in. It's just a comedy, maybe more adult comedy than say Hotel Transylvania, and hopefully a very fun and good comedy, and Nicholas Cage as Dracula has my attention, but it's not really part of their serious efforts like The Invisible Man was. Their serious Dracula picture is Chloe Zhao's sci-fi western Dracula project. I'm...honestly more interested in the comedy one with Nicholas Cage now, but still, figured it's important to note that because of genre it's not really meant to push a vampire revival.
That said, I can see there being a vampire revival push, or at least a Dracula push. Besides Universal Studios' two different Dracula pictures, other studios are also bringing the Count back. There's Demeter, aka Dracula on a Ship, there's Abraham's Boys which is a sequel featuring the sons of Abraham van Helsing, and The Bride which is allegedly centered on a bride of Dracula. A lot of these sound weird, but hell if just one proves to be a decent Dracula film I'll be happy.