Paths out of the chaos. And a HITT.

Dear Insider,

Tariffs, taxes, prices, stock market crash... The bars on our stock market chart are also deep in the red today. A dramatic snapshot.

In this global chaos, the newly formed German government coalition is giving the hotel and restaurant industry back its 7% VAT on food. This is good news for an overpriced country. However, the minimum wage will rise again in 2026. The hot flushes in HR departments are set to remain a feature then. Our political columnist Frank Tetzel in Berlin provides analysis.

Within Europe, more and more countries are adopting a tourist tax - such as the Netherlands recently. The money from holidaymakers is to be used to save the destination's splendor. London is now even considering a 5% tax. Hoteliers under high financial pressure are beginning to tremble: RevPAR could collapse, distorting competition. Sarah Douag has illuminated several countries.

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The crisis is also an opportunity

4.4.2025

Dear Insider,

Three percent RevPAR growth in global tourism is still a solid figure under the new geopolitical conditions, says "true optimist" Sébastien Bazin. The Accor Group CEO is also pleased that the development and brand plans will absorb the new travel flows from Asia. In his mind, he now finds himself increasingly flirting with entering the US market; he sees a goal. Globally, lifestyle hotels are triggering strong revenues; they are the new cash cow.

Bazin always seeks an exchange of opinions and answers everything, while most of the other CEOs on the stage at the IHIF EMEA in Berlin say the same boring things every year and then immediately disappear back to platform 9 3/4. Meanwhile, the Investment Forum, which has been hyped for decades, is losing its lustre and along with it a visible number of exhibitors and participants. Never before have there been so many gaps between stands. Susanne Stauss summarises the changes at IHIF and on the market. She also discovered an increased sensitivity among hoteliers.