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· Improvement in demand within the first quarter, led by the Americas and Greater China. · Group RevPAR down 50.6% vs 2019 (down 33.7% vs 2020); continued industry outperformance in key markets. · RevPAR reflects a 23%pts reduction in occupancy, with rate sustained at ~80% of 2019 levels. · Occupancy of 40.0%, improving through the quarter; 223 hotels (4% of estate) closed at 31 March. · Net system size growth broadly flat YTD; global estate 884k rooms (5,959 hotels). · Opened 7.3k rooms (56 hotels); 5.8k added to Essentials and Suites brands, 1.5k in Premium, Luxury & Lifestyle. · Removed 9.5k rooms (61 hotels); 6.3k (31 hotels) for Holiday Inn and Crowne Plaza in Americas and EMEAA. · Signed 14.5k rooms (92 hotels), ahead of Q1 last year; total pipeline increased to 274k rooms (1,820 hotels).

United statesUnited kingdomCity ofGreat britainKavita tatlaPaul edgecliffe johnsonMark debenhamKeith barrRakesh patelStuart fordSix senses hotels resorts spasCrowne plaza hotelsGroup head of strategyRegent hotelsGroup revHotel indigo