China Covid Infections Hit 3-Month High

• China reported 2,181 new Covid cases on Saturday, with infections surging to a three month high.
• Real Commercial said Sydney hotel occupancies are beginning to slip but hoteliers are still charging higher room rates.
• Tuan Sing Holdings is close to announcing plans to redevelop its 550 room Grand Hyatt Hotel in Melbourne’s Collins Street into a major mixed-use development.

China reported 2,181 new Covid cases on Saturday, with infections surging to a three month high. Tourist destinations are the ones getting hit now which makes sense since the current variant evades things like vaccines, past infection antibodies, and even fantasies like Zero-Covid. As we expected, China’s decision to strand everyone on the Southern Island […]