@davidkijlstra
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@davidkijlstra Europe’s hotel market is not short of demand. Yet across Spain, Italy, France and Switzerland, small, family-run hotels are coming up for sale because their owners are ageing out. The constraint is succession. With no next generation willing to inherit a place-bound, labour-intensive business, viable instruments are entering a market that struggles to absorb them. What might happen - our guess is automation, consolidation, or conversion. #economics #hotels #europe #smallbusiness
