The return of international travel – and of the business traveller – remains key to the return to profit of many hotels in most markets.
China’s hotel market has seen a recent faltering in its steps toward recovery. Local flare-ups of Covid-19 have led to Chinese authorities imposing a series of local and regional restrictions.
Boutique hotel group Vienna House is the latest casualty of the pandemic, after its parent investor opted to sell assets in order to reduce its borrowings.
The UK hospitality sector is likely to see a strong staycation summer once more in 2021, as hospitality reopens to a largely vaccinated consumer market.