Business
Short-Term Rentals: A Market Shifting Toward Ultra-Luxury
This year, short-term rentals are experiencing a slowdown that is forcing the sector to reinvent itself. While demand for high-end accommodation offering personalised services is growing (+16.9% by 2032), the major platforms are now being challenged by players who are experts in the ultra-luxury sector.
$154 M
Airbnb's profit in Q1 2025
16.9%
Annual growth rate through 2032 for the luxury vacation sector
18K
Cut in New York's short-term rental inventory since 2023
Opinion
Italy: Tax Dumping And Real Estate Bubble
On Tuesday, the day before the vote of confidence that led to the fall of his government and his resignation, François Bayrou, the former French prime minister, made a statement that angered the Italian authorities: “There is a kind of tax nomadism, which attracts taxpayers to countries with the most favorable tax laws. Italy is currently practicing a policy of tax dumping.“ Prime Minister Giorgia Meloni described his comments as ”astonishing.”
By Eva Morletto
Business & Trends
Business
India’s New Landmark Tax Reform To Boost Luxury Sales
India is set to see a boom in luxury spending as it overhauls domestic taxes for the first time in 8 years. Taxes on all luxury cars are reduced, while luxury watches dodge an anticipated tax hike.
Style & Experiences
Art & Design
American Art Galleries: The Lethal Summer
In the United States, the closure of several emblematic galleries between July and August has sent shockwaves through the art world. It marks the end of years of euphoria when gallerists, under pressure from a highly speculative market, spent without restraint.
Sustainability
Sustainability
ModaLisboa: A Growing Platform for the Next Wave of Fashion Talent
Lisbon Fashion Week, an event with strong growth potential and still little known, highlighted emerging talents to watch closely, whose focus remains primarily on sustainability, innovation and manufacturing know-how.