The Ascott Limited reported that it signed more than 2,100 units across 12 properties over the last three months in China.

The sector will see consolidation “over time”, IHG CEO Keith Barr told The AHC Reimagined, with “small brand companies acquired by the larger companies”.

The first hotel under the UrCove brand - created under the joint venture of Hyatt and BTG Homeinns Hotels Group  - is due to open in October in Shanghai.

Marriott International saw that it could see occupancy and revpar levels in China return to their 2019 levels by next year, despite restrictions on international travel.

Europe was likely to salvage some summer, led by regional hotels at the lower end of the market, according to STR.

Europe was seeing signs of recovery, led by regional leisure destinations, according to the latest data from STR.

The hotel sector was told to prepare for distress, as Europe continued to struggle during the pandemic.

China's total construction pipeline was at an all-time high, according to Lodging Econometrics.

InterContinental Hotels Group said that it was seeing steady improvement in trading in China.