Real estate expert Jelitzka:

Tourism boom: “Europe is a giant hotel!”

Real estate professional Daniel Jelitzka: "Historically, we have already experienced many crises. For me, this is the fourth crisis."(Bild: Martin A. Jöchl)

Daniel Jelitzka, one of the country's largest real estate developers, explains how and why he invests (inter)nationally in hotels - and in coffee houses. But the real estate crisis is not over yet.

"Krone": We are sitting in Café Prückel, which you own, as do several Viennese hotels: are the coffee houses doing badly despite the queues outside the door?
Daniel Jelitzka: Where there are queues outside the door, things are going well: but I don't know if they deserve the term Viennese coffee house. There are hardly any Viennese inside. It's not easy to run a coffee house: you can do it with at least 150 seats. With small coffee houses, the handover is a problem. Landlords then have the option of raising the rent.