We talk about the exclusive new club of hotel companies that make a billion dollar profit every quarter – spoiler alert, there are just two; we will also be talking about Accor and IHG, looking at why Accor continues to disappoint with regard to its share price; and we’ll finish up with a chat about how hospitality is being over taxed and why, in the UK at least, VAT is going to stay at the high level its currently at.

We talk about Airbnb’s efforts to deflect blame from overtourism onto the hotel sector; we take a look at how hotel brands are choosing marketing partnerships over big advertising campaigns; and we finish with the issue of collection brands, in particular the latest from Marriott and Hyatt.

In this episode, we talk about how hospitality can help drive regeneration, the latest action in the hostel market, and what Airbnb and short-term rentals are up to.

This episode is a wrap of Q1 results, with a focus on Intercontinental Hotels Group and how much of an impact US exposure and Revpar guidance revision has had on share prices; we take a look at the under-discussed global giant Jin Jiang; and examine the latest data on the European accommodation sector from the European Travel Commission.

Third party 2.0:

The acquisition of citizenM is the lead story this episode, the first with our mystery new host. You can also hear about Essendi, formerly known as AccorInvest, and the luxury plays of Hilton and Hyatt.

Using tech does not make a company a tech company. Otherwise, all companies would be in the technology sector. Alongside chatting about tech enablement in the hotel industry, we discuss real estate investment trusts and the Millwall of the hotel sector, Britannia.

Trump’s tariffs - and the threat of tariffs - are already causing international havoc. What will be the impact on the hotel sector, and on international travel? Banks are back lending, with more finance available for hotel investors. And Accor signs a new partnership in India, as it looks to exploit the country’s booming hotel and travel marketplace.

A bumper Berlin conference special, covering tariffs, Trump and tantrums. A fast-shifting series of threats around tariffs has already played havoc with stock markets, what will it mean for travel and hospitality? Hotel professionals in Berlin wonder what's coming next, as they enjoy a relatively strong performance still, across Europe. Will we see more publicly listed vehicles taken out by private equity? And alternative living formats are making their way onto the mainstream agenda.

Wyndham launches a loyalty debit card - but are they targeting a younger demographic really interested in earning points? Why the European hotel investment market is in a Goldilocks phase, with Greece a potential hotspot full of opportunities. And Trump's impact as he threatens travel bans in the name of protecting US citizens - at a point where US inbound travel has yet to return to pre-covid levels.

Both new build and refurbished hotels are setting new environmental standards, as investors realise the investment upside of more efficient buildings. But has the whole green debate moved on? Why is Dalata undergoing a strategic review? And lessons from a visit to the 2025 edition of the MIPIM property fair, as investment in new living sectors was debated.