Analysis
As carve-outs become a defining feature of today’s M&A landscape, both buyers and sellers are grappling with their unique challenges and opportunities. Driven by strategic refocusing, market pressures, and the pursuit of higher standalone value, carve-outs demand a sharp operational lens, rigorous due diligence, and disciplined execution. This article is a part of a series […]
Large-scale construction and infrastructure projects have long been characterised by a persistent gap between forecasts and reality. Across geographies and project types, cost and timeline overruns are the norm rather than the exception, often reaching 30% to 50% and sometimes significantly more for mega developments. In many cases, cost growth of just 20% is more […]
In 2004, Patrick Le Lay, then chief executive of TF1, summed up the television business model with a now infamous remark: selling “available human brain time” to Coca-Cola. At the time, the comment caused outrage; twenty years later, it describes the economic model underpinning much of today’s media industry. Google, Meta, TikTok, YouTube, Netflix, television […]
For centuries, hospitality has reflected the way people move, work, trade, rest, meet and belong. The post-pandemic rebound has confirmed both the sector’s resilience and its limits. Travel & Tourism achieved a record contribution of $11.6 trillion to global GDP in 2025 and supported 366 million jobs worldwide.¹ Yet momentum is already slipping as geopolitical […]
Founded in Prague in 2012, Mews has, in just a few years, become one of the most influential companies in hospitality technology. Its latest funding round, completed in 2026, valued the company at approximately US$2.5 billion. Today, more than 15 000 hotels across 85 countries rely on its platform, which has evolved far beyond a […]
The hospitality industry is undergoing a transformation that goes far beyond a typical market cycle. Behind the rebound in travel demand and renewed investor interest lies a fundamental shift in how value is created across the sector. Digital platforms are reshaping the customer journey, AI is starting to influence booking decisions, and hotel brands are […]
What if the hotel has become one of the most revealing institutions of our time? Once merely a place of transit, it is increasingly evolving into a temporary sanctuary for individuals seeking respite. Digital detox stays, immersive wellness experiences, meditation retreats, programmes dedicated to sleep or longevity, they all point to the same shift. Hotels […]
Sustainability has profoundly transformed the hospitality industry. A growing movement is yet pushing hotels and resorts to move toward something more ambitious: actively restoring and regenerating the natural environments on which they depend, while celebrating and supporting the communities that live, work and interact with the hotel. In fact, the hospitality industry was built on […]
Tourism and optimism tend to go hand in hand, and the summer season lends itself naturally to both – at least in the Northern Hemisphere! But how is the sector coping with the geoeconomic and geopolitical upheavals reshaping today’s world? And, while adaptation is clearly necessary, can it be achieved easily? Before addressing these questions, it […]
The results of the geopolitical reverse stress test published by the European Central Bank (ECB) mark a turning point in the way the resilience of the European banking sector is assessed. Rather than measuring banks’ ability to withstand a common supervisory scenario, the exercise tested their capacity to identify those geopolitical events that could jeopardize […]
Q2 2026: growth accelerates, but the gap between players remains significant The second quarter showed a clear improvement in the overall performance of the sector, although growth remains highly differentiated by company. L’Oréal continued to lead the market, with +6.3% adjusted like-for-like growth in Q2, broadly stable versus the strong +6.7% recorded in Q1. Estée Lauder showed the […]
Executive summary Betting on India’s consumer‑goods arena is no longer an option; it is a strategic imperative. As developed markets plateau and global consumer confidence falters, India offers a rare combination of macro economic resilience, demographic tailwinds, and accelerating discretionary spending. Per capita GDP is projected to rise by 70% to $4,000 by 2030, pushing […]