Reimagining the $9 trillion tourism economy—what will it take?
Hey everyone, I recently read an article that McKinsey published on the future or the tourism industry following this
HI, for all those who are in the know of the hostel scene in CEE, particularly Budapest, Hungary, I wanted to ask if they can share here why a certain hostel in Budapest by the name of A--------l Hostel, a popular and good hostel indeed, recently closed down for business? (Im sure those that know of Budapest hostel scene would be able to tell which hostel's name I have hinted to)
The reason Im asking is that it will help all of us to understand the hostel business and its risks a bit more clearly thus.
And the reason I am not taking the name of the hostel here is because I do not want to cause any heartache to the erstwhile owners or staff or management involved who may have invested so much of themselves and their money & time in it. Therefore, the objective is to learn from the case as to what might have happened, rather than to direct anything negative towards that popular former hostel.
Thanks guys for your feedback, if any
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