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1. UK job market appears to stabilize
According to the United Kingdom's July jobs report, the labor market appears to have some "tentative signs" of being more stabilized, reports Reuters.
The Recruitment and Employment Confederation trade body and accountants KPMG increased the monthly gauge of permanent job placements to 50.0 from 49.1, ending a 45-month downturn.
The progress follows the appointment of Andy Burnham as U.K. prime minister.
"With a new government in place, businesses will be looking for signs that the new policies can translate into greater confidence to invest and hire," said Callum Licence, head of advisory at KPMG UK and Switzerland.
2. Over 1 million evacuated in China amid typhoon
On Sunday evening, Typhoon Dolphin made landfall in China and authorities have evacuated over a million people from eastern China, which includes Shanghai, according to the BBC. Nearly 1,000 flights were canceled on Monday due to Dolphin, which was downgraded to a tropical storm.
Heavy rains continue into Monday, and the risk of severe flooding and landsides persist. The storm is the strongest to hit China this year, receiving the highest-level red alert and posting wind speeds of 94 miles-per-hour when it hit Yuhuan in the Zhejiang province.
3. CoStar raises full-year RevPAR outlook
Hoteliers are seeing growth primarily due to increasing average daily rate, and the continued momentum expected through the rest of the year led to CoStar and Tourism Economics revising their full-year 2026 and 2027 forecast upward at the 2026 Hotel Data Conference.
The new forecast predicts a 4.4% full-year increase to revenue per available room.
“As we look at the 2027 RevPAR growth, the nice thing that we see across each metric — ADR, occupancy and RevPAR — solid gains for each chain-scale segment,” said Amanda Hite, president of STR, CoStar's hospitality analytics division. “And what’s noticeable is that we don’t see much of that K-shape anymore.”
4. Ryman acquires Orlando hotels in $1.38 billion deal
Real estate investment trust Ryman Hospitality announced its plans to purchase the fee simple interest in Grande Lakes Orlando Resort, CoStar News' Bryan Wroten reports. The 409-acre property includes two hotels — the 1,010-room JW Marriott and the 582-room Ritz-Carlton — and an 18-hole championship golf course.
Ryman Hospitality will purchase the resort for $1.38 billion from Trinity Investments, which bought the property in 2018 for $870 million, per CoStar data.
“Grande Lakes is a terrific asset and one that fits all of our ownership criteria. ... Building on the success of our growing JW Marriott platform, Grande Lakes establishes a nationwide rotational network for the JW Marriott brand within our hotel portfolio. Grande Lakes also introduces Ritz-Carlton as a new luxury brand within our portfolio, providing access to a high-value customer segment and unique customer insights that can further strengthen our platform and support long-term value creation across the portfolio,” Mark Fioravanti, president and CEO of Ryman Hospitality, said in the release.
5. Gold prices drop following seven-week high
The price of gold dipped slightly Monday following a seven-week streak of increases, according to Reuters. Spot gold is now at $4,332.86 per ounce, a 0.2% decline. Additionally, U.S. gold futures were down 0.2% to $4,391.60.
"Gold remains capped by the U.S.–Iran conflict and tensions in the Strait of Hormuz. These developments are keeping the threat of higher energy prices and inflation alive, shielding the greenback from further losses and creating a headwind for bullion," said ActivTrades senior analyst Ricardo Evangelista.
The dollar, however, gained 0.2% in value, per the article.