About this year’s event
This year’s theme was "30 years passed, 30 years forward", where we combined historical perspectives and future views on the hotel market.
Pandox hosted its 30th annual Hotel Market Day 18 November 2025 at Berns, Stockholm.
About this year’s event
This year’s theme was "30 years passed, 30 years forward", where we combined historical perspectives and future views on the hotel market.
We discussed the development of the hotel market over the past 30 years and what the most important future drivers are.
Pandox introduced the Hotel Market Day in 1996 with the aim of reflecting and analysing important changes in the world around us and contributing to increasing the level of knowledge in and about the hotel industry. Since then, the day has developed into a dynamic meeting place for decision-makers in the international hotel industry.
How will AI, new travel behaviours, and global megatrends reshape the hotel industry over the next 30 years? At Pandox Hotel Market Day, experts gathered at Berns to explore future opportunities – from rapid technological shifts to the role of humans in an increasingly complex world.
Goldin opened with a look back: 30 years ago Sweden joined the EU and the internet was in its infancy. At the time, many believed the world was on the brink of dramatic positive change – and in many ways, it was. The global economy has since tripled, and two billion people have migrated.
His vision for 2055: Russia as an EU member and zero dependence on fossil fuels. Humanoid robots will exist, but not to take care of our parents or accompany them to the opera.
Europe will see slow growth, with incomes doubling over 20 years and modest population increases. Asian outbound travel will rise sharply, benefiting the hotel sector. Remote work will level off as an experiment.
Goldin predicts breakthroughs reminiscent of the Renaissance – when we look back at 2025 from 2055, we will be astonished. The only thing we can be sure of is continuous change.
In an era defined by pandemics, digitalization, and high speed, the word “complexity” is used frequently – but Palmberg Broryd argues we need to understand it more deeply. In a complex world, interdependencies are large and resemble jazz or dance more than strict choreography. Even those who are skilled need practice to feel confident.
When people fall behind, the instinct is often to write more memos or create more slides – but that doesn’t solve the underlying issue. She illustrates with “slime mode” – a brainless organism that finds the optimal path by experimenting, reinforcing what works. Her conclusion: the one who experiments the most wins.
When facing uncertainty and complexity, seek more perspectives. Her three pieces of advice:
Despite regulatory shifts and new conditions, the hotel industry remains strong. AI will reshape the world, but whether it can transform every global business is another question.
During the pandemic, fear was high – but not as intense as when interest rates spiked. Now, the outlook is much brighter. Mitelman predicts that by the time we meet again next year, conditions will be very favourable – people are beginning to spend the money they saved.
Sweden’s macroeconomic progress is remarkable. Compare today with 30 years ago: back then, most successful companies were founded in the 1800s. Today we have success stories like Pandox, Spotify, Klarna, and Evolution – clear evidence of dynamism and innovation.
A coffee break can be more than a pause – it can spark an argument, a discussion, or a business deal. Chhatwal highlighted how East and West complement one another: the West brings structure and systems, the East brings warmth, philosophy, and human connection. When these meet, magic happens.
India is one of the world’s most important growth markets for hotels. The country has a young population – over 65% under the age of 35 – and a growing appetite for travel. More Indians travel abroad to visit family, study, or simply experience the world. The number of Indian travellers to Scandinavia is rising rapidly.
Today, 100 million Indians hold a passport. If only 10% choose Scandinavia, the potential is enormous. Air India has already launched direct flights to the region, and this shift will accelerate in the coming years.
We have the freedom to use storytelling and play with our brand. One example is The Yachts – the chairman’s “guilty pleasure” – aimed at revolutionizing sea travel.
Orient Express is about creating connections: people to people, people to places, and people to values. We want to draw inspiration from the golden age of travel.
“Cash is king, but content is also king.” Most bookings still come through travel agencies, but we are tech-driven and human-centric. Because even in a digital world, hospitality will always be a human business.
Bonnejean began by stating that “hospitality has become a laboratory for transformation.” Every disruption only matters once it meets the “trinity”: the guest, the investor, the operator, and the brand.
Looking ahead:
Conclusion: The next stage of evolution will be defined by how we care – for guests, employees, and the planet.

Crunching the numbers with Rasmus Kjellman & Aiofe Roche