Singapore Is a Regional Recovery Standout

• 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

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. Among the 48 countries with room supply of more than 50,000 hotel rooms, 11 reported occupancy above 75%, one less than the previous 28-day period. Average daily rate was a bit softer […]