Hilton said that it expected to “grind, up slowly and surely” as business transient recovered to compensate for an anticipated drop off in leisure travel in the autumn.

The trend for UK ‘staycation’ breaks has resulted in a spike in trade in hotels located in popular tourist destinations, according to Colliers International.

Sébastien Bazin, chairman & CEO, Accor, said the company said that it had “never seen so many enquiries” from small and medium-sized groups, commenting: “it won’t be one by one, it will be groups of hotels of 10,000 rooms and above”.

Host Hotels & Resorts has said that its properties can be economically viable with occupancy as low as 10 to 15%.

Expedia struck decidedly upbeat notes about recent and current trading alongside second quarter earnings figures posted on 30 July. Its assessment of its Vrbo home-rental booking service was particularly bullish.

Azora has raised €680m for its new fund focused on hotel investments around the Mediterranean.

This week Alexi Khajavi is joined by Elaine Simon, Senior Managing Editor at Hotel Management, to discuss how robust the construction pipeline is in the US and Europe while Matt Turner, Associate Editor at Luxury Travel Advisor discusses development opportunities and tourism in the Caribbean market with this week's guest, Frank Comito,CEO & Director General at Caribbean Hotel & Tourism Association. Alexi & Elaine also take a look at how the hospitality industry as a whole needs to adapt to not just survive but to inspire the next generation of hoteliers. 

In Dresden, Germany, Norpexal Holding SA & Fibona has sold the Innside Dresden of Meliá Hotels & Resorts Group to Swiss investment company EPH European Property Holdings. The transaction from the buy-side was brokered by Tranio, an international real estate investment platform, who found a client with the terms representing the current market situation.

We reconnected with the AHC Advisory Board to discuss how they navigated through the chaos and the plans they are making for the future. Watch as we lean into our UK hospitality connections to hear the views and opinions of those who form the backbone of our AHC event. 

U.K.-based property development company Premcor is looking to build a 229-guestroom hotel on a Manchester plot originally earmarked for a residential development.