Airbnb and Raiffeisen: quiet and loud on the go

Airbnb and Raiffeisen: quiet and loud on the go

Maria Pütz-Willems

Dear Insider,


Airbnb is on the rise again. Indian tourists, for example, booked 50% more overnight stays in the first quarter of this year than in the same period last year. Given such sharp fluctuations in the markets, another piece of news would almost have gone unnoticed: The key performance indicators for hotels on Airbnb are growing at twice the rate of the overall business. That means: Hotel bookings are making up for the decline in short-term rentals. It is not yet clear exactly what the hotel strategy will look like. But this: Airbnb has a technical infrastructure that helps to integrate hotels on a large scale at low cost and keep booking fees down. Sarah Douag on the quiet overhaul of the Airbnb platform and the power of its data. 


The Raiffeisen Association of Salzburg (RVS) is also quietly making its way through the region. It provides funding for almost 70 percent of tourism businesses and tourism infrastructure, such as cable cars. Tourism makes a significant contribution to the gross regional product and is responsible for 40,000 full-time jobs. Great: at last, a main bank for SMEs! Yes and no: The bank acts as a hotelier itself and can compare its own figures with those of the independent hotels applying for credit. No wonder the RVS continues to encourage hoteliers to invest in its own "forum". And two success stories are presented: that of the Brandlhof in Austria and that of Europapark in Rust.

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Revo, Sircle, OYO: the roots of evil?

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22.5.2026

Dear Insider,


Things are really heating up in the industry at the moment. Sircle Group and Revo Hospitality are finding themselves increasingly mired in negative headlines, and their misconduct is no longer an isolated incident. No, their behaviour is becoming the norm – and not just in Germany, but across Europe and internationally. Property owners and landlords are facing empty coffers. The only recourse left is the courts, which Deka Immobilien and Pandox are now also turning to. Everyone wants their rent arrears, in some cases amounting to millions.


As my colleague Sarah Douag has noted, the Sircle case – involving over € 30 million in lost rent – is the largest to date, the longest-running and the most structurally complex. Revo's debts are not yet known.


Gradually, a picture is emerging of a chain that begins with a complex web of holding companies, through which subsidiaries apparently pass on fees and other revenue through so many layers that, by the time it reaches the owner at the end of the chain, no money remains. Insiders are familiar with such "intercompany structures", which are often set up for the purpose of money laundering. Landlords will therefore be under greater pressure than ever before to monitor the tenant and their behaviour. Furthermore, the so-called 'good old' sale-and-leaseback process needs to be redefined; at present, when misapplied, it is one of the root causes of the problem. Dive right into this fascinating article.

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