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1. UK inflation holds, Canada's rises
The United Kingdom's inflation rate held at 3.8% in September, a surprise to analysts who were predicting 4%, according to The Guardian. It's the third month in a row to report a 3.8% inflation rate, per Office for National Statistics data, and the 12th it has stayed above the government's 2% target.
In Canada, however, inflation rose last month. Reuters reported that Canada's annual inflation rate increased to 2.4% in September, which is up from 1.9% in August.
The September inflation report from the United States is expected later this week.
2. Caribbean's first named storm of the season heads to region
A significant storm is headed to the Caribbean later this week and into next. Tropical Storm Melissa is the 13th named storm of the 2025 Atlantic season — and the first in the Caribbean — and is slated to become a hurricane by the weekend, CNN reported.
Melissa's current path has it bringing rain, winds and flooding to Haiti, which has issued a hurricane watch, and Jamaica, which has a tropical storm watch in effect.
"Melissa’s exact track is still tricky to pin down, but there are two main scenarios forecasters have been monitoring for days. The one looking most likely at this point could spell disaster for parts of Hispaniola; the other could eventually take Melissa close to Central America," according to the article.
3. Hilton's third-quarter earnings results include dip in occupancy
Hilton reported mixed results in its third-quarter earnings call, CoStar News' Sean McCracken reported. Hilton's system-wide comparable revenue per available room decreased 1.1% when compared to the same period in 2024 — thanks in part to occupancy and average daily rate decreases. Meanwhile, both net income and adjusted earnings before interest, taxes, depreciation and amortization grew significantly compared to the same period in 2024.
Hilton President and CEO Chris Nassetta pointed to his company's long-held focus on efficiency as the reason for maintaining profitability in an otherwise weak quarter.
"We've been super disciplined forever on costs since we've gone public," Nassetta said. "If you look at us versus core competitors relative to our size and scale, we've always been pretty efficient, and I believe we will continue to be."
4. Hyatt to bring 50 extended-stay hotels to China
Through a partnership with Homeinns Hotel Group, Hyatt Hotels Corp. plans to open 50 of its extended-stay brand Hyatt Studios in China, CoStar News' Terence Baker reports.
No timeline was given for the properties opening but a news release announcing the strategic master franchise agreement noted the partnership will take “the next several years (to) develop a robust pipeline to drive future growth across China” and in primary and secondary cities.
The agreement marks an expansion of the existing relationship between Hyatt and Homeinns.
David Sun, chairman and CEO of BTG Homeinns, Homeinns’ parent company, said, “together, [Hyatt and us] have already demonstrated the strength of this collaboration through the successful launch of the UrCove brand. Building on that success, we are now extending our relationship into the extended-stay segment with Hyatt Studios. With the introduction of the brand, we look forward to crafting a localized, tailored experience for the Chinese market, especially for the younger generation of travelers.”
5. Protest outside Dublin migrant hotel turns violent
Six people were arrested and one police officer was injured during a protest outside a hotel that turned violent in Dublin, the Associated Press reported. The crowd gathered outside the CityWest Hotel in Saggart, which is currently housing migrants.
There were reports of individuals throwing bricks, bottles and fireworks at officers, as well as a burned police van, per Ireland’s national police force.
"Hotels housing asylum-seekers have attracted protests in Ireland, as well as in neighboring Northern Ireland and Britain, often spurred by reports of crimes committed by residents and stoked by anti-immigration and far-right campaigners," reads the AP article.