A new hostel was planning to open up right across the street from us. They bought the building and poured a lot of money into renovations to make the place really nice. It looks great! In the end, due to a mutual friend’s (another hostel owner’s) advice, they decided to open a pension instead of a hostel because the potential to earn their money back and turn a profit was significantly higher. Now we can work together instead of competing against each other. We got really lucky.
Did someone just open up near you?