From Breakingviews: Hotels’ health is picking up, and investors could be keen on Chinese do-it-yourself hotpots. Catch up with the latest financial insights
- Discomforting numbers on jobs and payHOTEL REVIVAL. The hotel industry is headed for a three-star recovery. That’s the message from InterContinental Hotels’ first-half results, which show that nearly half its rooms will be occupied in July, a near-doubling of the April rate. The key revenue-per-room measure also staged a mini-rebound, forecast to be down 58% in July from last year, versus 75% in the second quarter.
WHAT LIES BELOW. European governments have tried to protect labour markets from anti-Covid restrictions. Policies such as short-time work in Germany and furloughs in the United Kingdom have successfully contained unemployment rates. The British rate was steady at 3.9% in the three months to June, the national statistics office said on Tuesday.
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