What are your short-term prospects?

Karin Sheppard : "The outlook is positive. Despite financial crisis and events that occurred in Europe, activity bounced back quickly. We have a strong outlook. There is a continued desire to invest and there are increasing numbers of customers, from Asia and beyond."

Thomas Willms : "We are still in a blessed industry. The budget for 2018 is underway, and our development plans should work. Customers in Amsterdam, Berlin, Hamburg, Egypt and Spain are on a rebound. Chinese customers are coming back. We are planning another very good year and expect 2019 to be good as well."

Olivier Chavy : "Demand is strong in Germany, Holland, Ireland, as well as Egypt, Tunisia, Marocco, and Asia, especially in Thailand; Switzerland is rather flat."

Perter Kerkar : "We are seeing 17/18% growth for coming years, it is our second year of double-digit growth. It is very exciting to develop hostels like Meininger that experience strong growth on all the markets with a 95% OR. We are using indicators such as m² yield and it is growing.  Revenues per bed have doubled in the last 4 years."

Goerges Sampeur : "As others have said, this a blessed industry. The democratization of transportation in our economic niche is a fine opportunity. We meet customer needs. Our development is exponential, we will open 50 more properties this year."

What are the threats and black swans?

Georges Sampeur : "Terrorism at destinations. The industry itself, we are potentially our worst enemy. It is time to put the human being back at the center of our business in terms of both customers and staff who welcome them. There is a real risk of trivializing brands. It is important to nourish collaborators and valorize them. Trademarks are...