#5 - Hotels vs Office spaces, Inflation & Turnover

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The Changing Face of Hospitality: From Office Spaces to Tourist Destinations

Michael Sivashinski

and

Mirjam Neuen

May 2, 2023

On the podcast this week:

Hospitality is expected to replace offices as over 30-40% of offices are due to be closed, freeing up a lot of commercial real estate; India has announced 50 new destinations for tourism development; Development of a direct train network in the Yucatan Peninsula in Mexico has caused debate due to environmental concerns; Bob W is a new hotel chain on the rise, growing by buying up other smaller chains; Inflation in Europe is connected to the Ukrainian war and rising costs of energy and basic supplies, which the European Central Bank is struggling to solve; A study shows that hospitality professionals tend to stay put in their jobs when turnover rates in other industries rise.

For sources: bit.ly/40Xam6i

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