The question we need to ask ourselves post-COVID is not, ‘Has the hotel industry become more elitist?’ or ‘How are hotel and hospitality brands securing returning custom through customer loyalty schemes?’

but ‘Are luxury hotels exclusively the preserve of hired assassins?’

InterContinental Group’s ‘Mr and Mrs Smith’ discount seems to support this widely held truism, and indeed the group reports the majority of new business comes from last-minute bookings vs long-term reservations.

An analysis by Investors Chronicle of the extent to which the 5-year to 10-year Treasury spread was correlated with the…