Money and power, blessing or curse

Dear Insider,

Airbnb is now threatening Europe with its "Friendly Apartments", starting in London. These are positioned directly between residential and commercial properties. The platform wants to kill both in one fell swoop. From January 2025, Paris will make it harder for hosts and will mandate shorter rental periods as well as introduce high penalties and taxes. This uncontrollable power must be broken: During the Olympic Games, listings in Ile-de-France shot up from 58,000 to 134,000. New York, on the other hand, is still (far too) soft on Airbnb, despite the rules.

Medium-sized Italian chains are currently also feeling the power of the big players, but in a positive sense. The sovereign wealth fund of Saudi Arabia (PIF) is pushing the Rocco Forte Group, Blackstone is supporting the Mangia's Group and wealthy families are investing huge sums in the new Orient Express Dolce Vita Train. There are to be 25 trains, one costing a whopping 50 million euros. But the return will come within 2.5 years....

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Hotels Tomorrow - and the leaps forward of today

6.12.2024

Dear Insider,

Have you heard of "The Unconference"? This is the subtitle of Hotels Tomorrow, the new Europe-focused conference in Paris that I will be organising together with Marc Werner and Marius Gomola on 17-18 February. The "three M's" want a relaxed event format and lots of interaction - not mega, just good. Café & croissants give way to in-depth topics from investment, finance, operations, ESG, distribution, talents & people, various markets and more. It's not quantity that counts, but quality. 30-, 60- or 90-minute talks are there so that we learn from each other. There are also no CEOs in six-packs on stage. HOT selects.

On today's edition: Fred Fettner jumped to the top of the Alps to see how prices for tourist real estate were rising in the valley below. A report for investors and tourism professionals shows: Austria is top, but the United States and Switzerland do better still.