Sanctions Make Luxury Hotel Rethink Business

The transcript discusses the impact of geopolitical tensions on Corinthia Hotels, particularly in Russia, leading to a shift in focus to the domestic market. The company has a global presence with properties in various countries and plans for expansion in cities like New York and Paris. The performance in European markets like Prague and Budapest is positive, while locations like Saint Petersburg and Tripoli face challenges. Future strategies include expanding to Asia and adopting flexible business models to adapt to changing market conditions.

How has the visitor rate in Europe changed according to the text?

What is the future outlook for Corinthia Hotels in terms of expansion?