The archive
The numbers, one argument
Each number is a season or a coast. The register does not move. The Journal is how we tell you what it currently means.
Dubai · November 2026
Dubai
Nineteen million visitors, a year at eighty percent, then a week at twenty-three. The city is not cheap. It is briefly negotiable, and the festive weeks close the negotiation.
Seychelles · November 2026
Seychelles
Three hundred and ninety-nine thousand arrivals, against a ceiling of four hundred thousand. Forty-eight new rooms in a year. The Maldives sells a resort. This country sells an archipelago, and the door is still a Gulf hub.
Saadiyat · November 2026
Saadiyat
Occupancy is back to where it stood before the February shock. The rate is still ten to fifteen percent short of that month. Dubai has closed its discount. This island has not. Go before the Guggenheim reprices the beach.
AlUla · November 2026
The AlUla Issue
Three hundred and twenty thousand guests against a thousand keys. The oasis sells out. The Red Sea did not. Hegra takes a ticket. Sharaan takes no one.
The Red Sea · October 2026
The Red Sea Issue
Fifty thousand guests against a plan of three hundred thousand. Phase Two is on review. The houses that are actually open are priced like the Maldives, reached through a Gulf hub, and dry. The window is this winter.
The Maldives · September 2026
The Atoll Issue
The islands are not the risk. The route to them is. Beds grew faster than nights. A new house is a date, not a discount. Name the atoll before you name the villa.
Europe · September 2026
The Festival Issue
Eight weeks when Europe sells its rooms twice. Which houses actually gain from the crowd, which quietly lose, and where the rate resets the Monday after.
The Riviera · July 2026
Riviera Éternelle
Villefranche is not a suburb of Nice. Cannes is not a festival. Monaco is a machine that happens to have a harbour. Four essays on the coast that invented arriving.
The Indian Ocean · May 2026
Indian Ocean Houses
After the first million visitors, the atolls split: those that still sell silence, and those that sell a photograph of it.
The Alps · January 2026
Alpine Winter
The houses that priced the view, and the week the mountain towns stop pretending they are villages.