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Asia-Pacific

Fosun Denies Claims It’s Seeking Buyer for Club Med

Bloomberg published an article suggesting Fosun International Ltd. is exploring the potential for sales of most of the company’s divisions, seeking capital to repay debt. Bloomberg said the company told advisors its domestic food and beverage business is available for potential investors or buyers, and is considering strategic options for its investment in electric vehicle […]

November 15th, 2022

Asia-Pacific

Lockdowns and Testing in Shanghai, Wuhan and Macau

Shanghai ordered mass testing of all 1.3 million residents amidst another lockdown, Wuhan locked down 900,000 people for at least five days, while in Macau the MGM Cotai casino resort was locked down after a dealer tested positive. Macau also ordered citywide testing. Sadly, given the new and more transmissible Covid variants, this is going to continue […]

October 31st, 2022

Asia-Pacific

New Maldives Premium Properties in Pipeline for 2023 Openings

Enova Estates SL issued a press release on new resorts expected to open in 2023 in the Maldives. They currently have over 160 island resorts. In spring 2023 the five-star Six Senses Kanuhura will open with 80 private overwater, beach and spacious family villas. Also expected to open in 2023 will be the SO/Maldives from Accor and S Hotels […]

October 4th, 2022

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