Reading Time: 4 minutesUK: Rishi Sunak, chancellor of the exchequer, announced major VAT cuts yesterday to promote recovery in the hospitality sector.

Reading Time: 4 minutesUK: Chancellor Rishi Sunak has revealed a six-month cut in VAT for the hospitality and tourism sectors, which equates to a $4 billion boost for the industry.

Reading Time: < 1 minuteUS: A Residence Inn by Marriott in Queens, designed by Gene Kaufman Architect, is close to completing construction.

Reading Time: < 1 minuteAustralia: Developer Doma Group is planning a four-building development on a Canberra site purchased for $12.5 million from the ACT Government.

Reading Time: 2 minutesSingapore: Frasers Hospitality is reopening its worldwide property portfolio with a series of new measures designed to ensure the health, safety and well-being of guests and staff.

Reading Time: 2 minutesCanada: The 144-key Element Toronto Airport Hotel has opened for business.

Reading Time: 3 minutesSingapore: Oakwood has launched Clean360, a global program that “details the brand’s commitment to meeting the health and safety challenges of COVID-19”.

Reading Time: 2 minutesUK: Asset manager Schroders has has bought control of Hong Kong real estate investment manager Pamfleet, which has serviced apartments and hotels in its portfolio, for an undisclosed sum.

Reading Time: 2 minutesGermany: A joint venture between Fraport Casa Commercial GmbH and developer GBI is planning a mixed-use property directly at Frankfurt Airport in the Gateway Gardens quarter.

Reading Time: 2 minutesUS: The Siegel Group Nevada has acquired two former Budgetel extended stay hotels in Birmingham, Alabama for conversion to its Siegel Select brand.