Ramada

STR’s global bubble chart for October 22 showed Singapore standing out in the Asia Pacific region while noting continued, steady recovery for most of the world. HG Hotels & Resorts announced a partnership with Shenzhen Bay Area Urban Construction and Development Co. Ltd. to develop a new luxury and lifestyle hotel. The Fullerton Ocean Park Hotel Hong Kong officially opened The Fullerton Spa , offering best-in-class wellness treatments for Hong Kong guests and travelers.7

Goldman Sachs said the Chinese government still needs to keep its Zero-Covid policy until probably the April-June quarter. Some 39 buildings of the No.2 Island of the Ocean Flower Island , an artificial archipelago in Danzhou , South China’s Hainan Province developed by China’s debt-ridden Evergrande Group will be repurposed. Vietnam’s second-biggest listed developer, No Va Land , is firing staff and seeking urgent asset sales.

Lodging stocks were mixed. Choice (CHH) was the big loser, down -9%, while MCG was down -7% and AINC fell -6%. Choice Hotels received a mixed response to their 3Q earnings report from analysts and a big thumbs down from investors. Hilton announced the opening of its two-hundredth hotel in the Caribbean and Latin America, Waldorf Astoria Cancun , a 173-room luxury resort set on 100 acres of coastline.