Why REITs are suffering from a value disconnect

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 Investment

Why REITs are suffering from a value disconnect

https://www.hotelinvestmenttoday.com/  by: Rob Schneider


Analysts discuss the current headwinds facing hotel REITS and the capex pressures turning them into net sellers. 


NATIONAL REPORT — Hotel REITs are suffering from a public-private disconnect in terms of their relative values, highlighted last month by Braemar Hotels & Resorts putting itself up for sale. This disconnect especially puts pressure on REITs with luxury assets, like Braemar, which feels its portfolio’s value isn’t reflected in its stock price.

“The challenge is this is a public-private disconnect,” said R.W. Baird analyst Michael Bellisaro. “The public market values cash flow… It’s real estate, but they are stocks, and people value the stocks. If earnings aren’t going up and margins are negative, multiples go down, even if the underlying real estate value is worth the same.

While global hotel brands’ stock increased 2.2% in August, hotel REIT stocks gained 8.5% in the month and outperformed the benchmark REIT index (RMZ) by approximately 430 basis points. Bellisario said hotel REITs are benefiting from being a “less bad” trade in the stock market and have become relative outperformers for four consecutive months. (Braemar led that revival with its stock up 25.9% month-over-month, with most of those gains happening after its sale was announced.)

Ultimately, the challenge for hotel REITs is that with stock prices lower, how do you get to a valuation you think is correct?

“I have this conversation all the time: Do you sell your best assets and get a good mark? Do you sell your worst assets to make the resulting portfolio better? One is 15 times EBITDA, one is 8 times EBITDA,” Bellisario said. “One is accretive and one’s dilutive. No one wants to shrink their portfolio. No one wants to put themselves out of business. There’s a delicate balance there.”

“Costs are growing faster than revenues. It’s pressure on EBITDA growth. Plus, there has not been, until Braemar, a lot of interest from management teams to sell assets, and there have been more dilutive acquisitions than accretive acquisitions the last couple of years. Long-hold investors don’t typically like that.”

Operations


Revenue managers at odds with hotel owners over recovery picture



Hotel revenue strategists, like Andrea Martin, director of revenue management at Davidson Hospitality Group, want to move past comparisons to 2019 performance levels, citing the changes over the past six years. (CoStar)
https://www.costar.com/article/1664576838/revenue-managers-at-odds-with-hotel-owners-over-recovery-picture


"The uncertainty that we've had to manage is that we start months and you don't know where you're going to end," she said during a revenue-management roundtable hosted by CoStar News Hotels at the recent Hotel Data Conference.

Part of the stubbornness from the hotel ownership side to hit previous goals stems from hoteliers' optimism heading into the year.

"This was supposed to be our stable year. This was going to be the new high for everybody," said Kristen Weaver, vice president of revenue management and ecommerce at GF Hotels & Resorts.

Over the past two years, the hotel industry has been trying to figure out what the "new normal" looks like, Martin said. Whatever normal looks like in 2025, it's fundamentally different than what it was in 2019.

"That's the conversation I always have with owners: OK, are we good or bad compared to what? Because in 2019, occupancy was through the roof. ... I don't want to go back to the [average daily rate] we had in 2019 because the costs now are much higher than they were in 2019. We cannot go back completely," she said.

"We held ADR and we continued to drive ADR, and you've got that inverse demand curve after the fact in a very mature hospitality market as it is that's kind of declining while your ADR continues to leverage itself and there's that equilibrium difference now because you've got this uncertainty moving, shifting down," he said. "We've learned our lesson about dropping ADR, finally."

Tourism

Famous Beach Town worries bad press driving tourists away


https://www.fodors.com/world/europe/england/experiences/news/famous-beach-town-worries-bad-press-driving-tourists-away


Media reports of crime, bad behavior, and litter are impacting hotel bookings in Bournemouth, England. The town is famous for its sandy beaches, but this summer, it has experienced a slight downturn. Hoteliers are blaming negative coverage for scaring people away from the region.

According to Radwell, the situation is not as bad as reported. “Photos are being shown of the rubbish at the end of the day, but they don’t show what a great job the council do clearing it up.”

David Bailey, president of the Destination Management Board in Bournemouth, added that businesses are feeling frustrated. “It is a very challenging time for all areas of the hospitality and the negative publicity that our area has garnered this summer has just impacted horrendously on these businesses.” The town has issues, he continued, but it is still a great place to visit.

There has been a string of negative media reports featuring Bournemouth Beach, from a murder in May last year to coverage of rubbish left on the sand. Law enforcement activity increased this summer, with police patrolling key locations and dispersing crowds. Drinking rules have also tightened; if someone cannot produce a physical ID when asked, their alcohol is confiscated.

Overall, anti-social behavior in the region is down compared to last year, according to Dorset Police. However, there have still been many incidents attracting negative attention. In June, a brawl broke out on the beach, injuring a girl and police officers. Later, the council and Dorset Police announced they would confiscate alcohol and illegal substances when necessary and fine people for irresponsible behavior such as playing loud music, urinating in public, or showing aggression.

In addition, the town saw both anti-immigration and pro-immigration protests in August. The demonstrations remained peaceful, and Dorset Police reported no arrests. Radwell noted that the town has asylum seeker hotels, but they have no connection to the tourism industry. “If you keep pushing it out there, it is making it an issue for people wanting to come and they don’t then feel safe,” she added.
 

A Boring Person’s guide to Dubai


https://www.fodors.com/world/africa-and-middle-east/united-arab-emirates/dubai/experiences/news/a-boring-persons-guide-to-a-luxury-resort-in-dubai
Apeksha Bhateja | September 5, 2025 Apeksha Bhateja | September 5, 2025



A perfectly non-exciting trip.



I may be an interesting person, but I’m a boring traveler. The kind who goes for historical walking tours, sits charmingly in a museum cafe, stares at the Eiffel, and snuggles in the hotel bed instead of checking off anything on the list. I don’t know how to swim. I don’t do adventures. I rarely eat red meat or seafood. I am a brunch girl, and you will not see me in a club after 11 p.m.

I’d hoped that a tattoo would give me an edge, but it’s a fine outline of cutesy tulip to signify my time in Amsterdam, which may not be as provocative as say, a lion.

In short, I’m basic.
This was my third trip to Dubai—each different from the last. I celebrated a milestone birthday in Dubai once; then I stopped over during a regal cruise through South Asia; this time Atlantis The Palm tempted me with a do-nothing holiday. The fishing village had come a long way since the 1960s with a transformation that seems surreal. Yes, everything is manufactured, including the man-made Palm Islands where I was stationed, but it is a discovery even for the most reluctant traveler.

I would be stating the obvious when I say that the weather in the UAE is unbearable for the better part of the year. You can’t do the typical activities in the summer that encourage people to pay exorbitant prices for a European holiday. It still blows my mind that tennis ace Roger Federer used to fly to Dubai to train in unfavorable, sauna-like conditions in July. That’s one negative to its count, yet the emirate has made a name for itself as a travel destination. It is safe, it is accessible from the remotest corners of the world, and it has the allure of attainable luxury. You order an Uber here and a Mercedes comes to pick you up. Ferraris can have their own Instagram account; they are spotted in the city like cats in Greece.

Everything is larger than life at the ocean-themed Atlantis The Palm. Like the sculpture, Dale Chihuly, standing as a testament to its opulence in the lobby. Made with 3,000 handblown pieces of glass, it sets the tone for this magical kingdom inspired by the sea. The resort opened in 2008 and it sprawls over 46 hectares—almost the size of Vatican City. With 34 restaurants, bars, and lounges, four swimming pools, an aquarium, and an aquatic theme park, you expect the resort to be sweeping, but each step extends the red carpet further and further.

My travel motivations are also attached to food and at Atlantis, there was plenty to keep me cravings in check. It was, however, at Hakkasan that I knew I had an experience that is reserved for the higher echelon. It was my last dinner and the one-Michelin-starred restaurant delivered. I’m mad for dumplings and they served four varieties, along with hot and sour soup and lotus stem and edamame fried rice. My server was surprised and disappointed that I didn’t finish any dish—I warned everyone I’m a small eater—but this was my favorite meal in Dubai, all three times included.
In Scandinavian countries, winter bathing has a cult following. You will see people jumping into the freezing waters in the cold, unbearable winter months, battling icy winds on the coast. Later, to save themselves from hypothermia, they would go to the sauna and warm up—it may seem paradoxical but it does wonders to the body (or so I have been told). When I lived in Denmark, I stayed far away from such ideas that my tropical brain couldn’t comprehend while my friends vouched for the health benefits and the mindfulness of the practice.

The chasm between this holiday and my daily life was so large that even when I look at the album, I’m amazed. The photos are various selfies in front of the full-size mirror in my room: beach day look, smart casuals for dinner, spa day outfit, Michelin-star worthy persona. I had many pre-conceived notions and judgements. I will get bored at the resort if I don’t venture out. What will I do at lounges when I don’t even drink? But at Atlantis, I re-learned another valuable lesson: ditch the productivity B.S. and stay open to experiences.

These hot evenings in Dubai thawed my chilly soul. I sat with a drink at the Imperial Club Lounge, where in the distance, palms lined up to say goodbye to the sun as it disappeared, leaving behind a trail of oranges and reds in a watercolor-worthy picture. Change couldn’t be that far behind, the scene reassured me.


6 Airlines where You’ll get round-trip Flights to Europe or Asia for under $450 



Shutterstock / Causeway
https://www.fodors.com/news/photos/cheap-international-flights-best-budget-airlines-for-2025




Planning an international trip doesn’t have to cost an arm and a leg

Many people may think that it’s too expensive to travel overseas, but several international airlines offer flights that cost less than a lot of domestic flights. Combine that with a destination where the U.S. dollar goes a long way and you can have the trip of a lifetime without spending too much.

Keep in mind that with most budget airlines, you will have to pay extra for luggage (even carry-on use is restricted), seat assignments, food on board, and other ancillary items. If you plan on checking bags and need certain types of seats, this type of travel isn’t for you. Now these obviously will not be the most comfortable flights you’ll ever experience, but these budget airlines will take you to international destinations on the cheap.

1- ZIPAIR is the low-cost airline subsidiary of Japan Airlines that was launched in 2020. Already a much more affordable option than other airlines, ZIPAIR regularly offers promotions with round trip flights from Los Angeles to Tokyo for less than $400.

ZIPAIR technically allows a personal item and carry-on bag but only up to a combined weight of 15 pounds. There is no entertainment system at all on ZIPAIR’s planes, although the airline offers free wi-fi (it’s definitely spotty, but you can check email and social media from time to time).

2- The Norwegian-based Norse Atlantic Airways is a good option for transatlantic flights between the U.S. and various destinations in Europe. For example, you can find round trip, nonstop flights from Los Angeles to London Gatwick airport for around $450 on select dates.

Unless you pay to select your seats, you’ll likely end up in the middle seat. One trick to try with Norse is to bid on a “neighbor-free seat” which would guarantee an empty seat next to you. Depending on the seat configuration, you’ll automatically get a window or aisle seat if you win this bid. This writer has won a neighbor-free seat bid on a flight from Paris to Los Angeles for $55.

3- This airline promotes flights from New York to Paris (Orly) starting at $104 each way and from Los Angeles to Paris starting at $145 each way, so you can save the rest of your money for croissants.

French Bee’s seats are on the narrower side compared to your full-service airlines. The good news is French Bee operates a fleet of newer Airbus A350 aircrafts that have seatback entertainment screens.

The fare categories have changed since the airline first launched. Now, the cheapest fare (called Bee Light) gets you a carry on and a personal item but only up to 26 pounds total weight, and meals cost extra. The hot food isn’t cheap ($35 when purchased at booking), but reviews of the food are generally pretty good.

4- Spain-based LEVEL operates a fleet of Airbus A330-200 and promotes one-way flights from the East Coast to Barcelona starting from just $169 each way. The airline was initially operated by Iberia but very recently became its own independent carrier. As far as U.S. travelers are concerned, LEVEL currently operates flights to Europe from Boston, New York, Miami, Los Angeles, and San Francisco.

The Economy Light fares on LEVEL include carry-on luggage up to 22 pounds and the long-haul flights are usually equipped with screens for onboard entertainment. You can also connect to Wi-Fi for free for messaging only. Everything else, from food and drinks to Wi-Fi for browsing, costs extra.

5- While TAP Portugal isn’t considered a budget airline, this Star Alliance member tends to offer affordable fares from the U.S. to various European destinations. The carrier recently offered round trip flights from Chicago to Madrid or Rome for $400 or less, although you’d likely have to transit through Lisbon. On the other hand, the airline offers free stopovers in Lisbon or Porto so you might as well take advantage of that transit and explore Portugal before heading to your next destination.

Unlike the ultra-low-cost carriers on this list, TAP Portugal’s Discount fare includes a carry-on bag up to 22 pounds and meal service is included. The long-haul flights are also equipped with personal screens for entertainment.

6- The Ireland-based airline is promoting roundtrip flights from Boston to Dublin starting from just $308 and connecting flights to the rest of Europe are often much cheaper compared to other airlines as well.

Aer Lingus isn’t technically a budget airline and is part of OneWorld Alliance, so the cheapest fare includes a carry-on up to 22 pounds and complimentary meal service. Seatback entertainment is offered on most transatlantic flights, although it may not be available on some aircrafts on flights within Europe.


GASTRONOMY

13 cities serving up unbelievable meals

Bowl of ramen.
Image: Alexander Spatari/Getty Images
https://www.tripadvisor.com/Articles-l0XT4C1f4KLM-Best_food_cities_world.
By Noah Cortez


Updated April 10, 2025

Eating while traveling is more than trying new dishes—it’s about immersing yourself in the culture, history, and stories that come with every bite. From street food in bustling markets to inventive dishes in Michelin-starred restaurants, some cities are filled with culinary adventures worth traveling for. Below, 13 must-visit cities around the world offering unparalleled experiences for those who want to take their tastebuds on a culinary journey—and the dishes you absolutely can’t miss. Come hungry, leave happy.

Tokyo

Sushi at Uobei Shibuya Dogenzaka, Tokyo.
Image: Management/Tripadvisor

The food scene: Counter-seating culture is king, from ramen shops with individual cubicles to high-end omakase spots, where you can often watch the masters at work. Expect a lot of fresh seafood and umami-forward flavors. Note, tipping isn’t expected.

The iconic dish: Sushi

In Tokyo, sushi—in the form of nigiri, maki rolls, sashimi and more—is available at all price points, from rolls at casual conveyor belt joints like Uobei Shibuya Dogenzaka to high-end omakase spots like Mutsukari. If you want to become a sushi master yourself, join a sushi-making class to learn all about what goes into making your favorite rolls.

The underrated must-order: Yakitori

It’s hard to order just one of these grilled meat skewers, usually featuring chicken (you’ll also find pork, beef, or veggies) that's brushed with a sweet yet savory tare sauce and served piping hot. Grab them on the go at the Ameyoko Shopping Street night market or at Torishiki for a sit-down vibe.

Buenos Aires, Argentina

Board topped with food like steak, french fries, and sliced onion

The food scene: Dinner in Buenos Aires typically starts late—often around 9 p.m.—making it a perfect destination for night owls. Dining is a supremely social, too, and could take longer than what you're used to: schedule your day (and snacks) accordingly.

The iconic dish: Steak

Beef has played a central role in Argentinian culture since conquistadors first brought cattle over in the 1500s. Today, eating a good cut of steak in one of Buenos Aires’s many parillas, or steakhouses, is an absolute must. With so many options to choose from, join this parilla tour to sample the best the city has to offer.

The underrated must-order: Choripán

If you like eating on the go, this sandwich is for you. A portmanteau of its two central ingredients—chorizo and crusty bread, or pan—it’s often doused in chimichurri sauce. Grab a stool at Chori or order one from the street vendors spread across the city’s neighborhoods.

New Orleans

Green tray holding coffee and beignets

The food scene: Creole and Cajun traditions shine in New Orleans, where you can expect bold flavors, smoky spices, and fresh seafood on menus. If you’re lucky, you can even catch live jazz to accompany your dinner.

The iconic dish: Beignets

These fluffy, golden squares of fried dough are dusted with powdered sugar, as light as air, and easy to eat by the dozen. You'll find the city's most iconic at Café du Monde, where the fresh beignets come ready to pair with a rich café au lait.

The underrated must-order: Crawfish étouffée

"Etouffée” literally means “smothered” in French, which perfectly describes how the crawfish soaks up the thick, buttery roux sauce—spiced just right with a hint of heat. And be sure to seek out both kinds: Cajun, which is bolder and has a lard- or oil-based roux, and the herbier Creole, which incorporates butter and tomatoes.

Istanbul, Turkey

Bayramoglu Doner and side of tomatoes and cucumbers

The food scene: Istanbul sits at the nexus of Middle Eastern, Mediterranean, and Ottoman influence. The more, the merrier—both in flavors and in dining, which is best experienced in groups where you order lots to share (if you’re traveling solo, join a food tour).

The iconic dish: Doner kebab

This street-food classic features thinly-sliced lamb, chicken, or beef, roasted on a vertical spit and served in a warm pita, often topped with fresh veggies, herbs, and drizzles of creamy yogurt or spicy sauce. Snag a spot at Bayramoglu and enjoy your kebab with some Turkish tea.

The underrated must-order: Lahmacun

Often referred to as “Turkish pizza,” this thin, crispy dough is topped with a flavorful mix of spiced ground meat along with onions, tomatoes, and herbs. It’s perfect for a quick bite while exploring the city’s neighborhoods—you’ll find dedicated stalls serving it peppered across Istanbul. Add a squeeze of lemon and a handful of fresh herbs to balance the rich flavors.

Paris

Tray with six escargot

The food scene: Paris, the second-largest hub for Michelin-starred restaurants, is one of the world’s gourmet capitals. Its chefs excel in using top-quality ingredients and precise techniques, whether at fine-dining establishments or casual cafes and food markets.

The iconic dish: Escargot

With a texture similar to mussels or clams, these tender snails are baked in garlic butter, herbs, and white wine, giving them a rich, earthy flavor. L’Escargot offers the self-proclaimed best in Paris, but you can find it on the menu of nearly every bistro in the city.

The underrated must-order: Falafel

Crispy on the outside and tender on the inside and stuffed into pita with fresh veggies and tahini, you’ll find these deep-fried chickpea fritters everywhere in Paris. Falafel isn’t French in origin, but thanks to the city’s strong Middle Eastern influence, particularly in the Marais district, it has become a culinary staple in the city. Head to Le Daily Syrien and L'As du Fallafel for some of the city’s best.

New Delhi

Tandoor chicken on wooden plate

The food scene: From traditional Mughlai dishes like biryanis and vibrant street food to upscale fine dining, New Delhi offers a dynamic mix that caters to every palate. Pop-ups are all the rage, so keep an eye out for residencies and takeovers during your trip.

The iconic dish: Tandoori chicken

Marinated in a rich blend of yogurt, spices, and herbs, tandoori chicken is charred to perfection in traditional clay ovens, lending to a crispy and flavorful exterior while remaining tender and juicy on the inside. The smoky aroma alone should be enough to draw you in to try it, but the taste will have you coming back for more.

The underrated must-order: Pani puri

This popular street food snack often flies under the radar, but it’s extremely addictive. Vendors fill crispy, hollow puris (a fried puff made with flour, salt and water) with a mix of fillings, like potatoes or chickpeas, along with tamarind sauce and mint-flavored water. Plus, you have control of what goes in each pani puri, so you can omit fillings or load it up to your liking.

Maui, Hawaii

Two plates of poke on wooden table

The food scene: You’ll discover a blend of native Hawaiian, Pacific Islander, and Asian influences in Maui’s food, with a lot of fresh seafood, tropical fruits, and local ingredients like taro root and kukui nut. Go all in on Hawaiian culture at a luau, a traditional feast with music and cultural performances.

The iconic dish: Poke

Poke is omnipresent across Maui; you’ll be able to find the bowls of cubed, raw fish in restaurants, food trucks, and even grocery stores (don’t sleep on the poke bowls from Foodland). Make like the locals and grab a half pound of your fave along with a side of white rice, and head straight to the beach for a perfect day.

The underrated must-order: Loco moco

Maybe you had a late night at the tiki bars, or you need fuel for a morning hike on Sliding Sands Trail in Haleakala National Park; either way, you’ll want to try this comforting meal. Made with a hamburger patty and fried egg served over rice and smothered in brown gravy, it’s on the menu at most diners on the island, as well as local chains like L&L and even 7-Elevens.

Athens, Greece

Tray holding three souvlaki gyros

The food scene: Athens' cuisine embodies Mediterranean flavors with olive oil, herbs, seafood, and more. Don’t skip the city's classic tavernas (like Yperokeanio or Kafeneio), where you can enjoy traditional Athenian dishes, meze, and a taste of local life. Dishes are typically meant to be shared family-style.

The iconic dish: Souvlaki

At its core, souvlaki is just grilled, skewered meat—pork, chicken, lamb, or beef—often wrapped in pita with a creamy tzatziki sauce. With roots dating back to ancient Greece (there are even mentions of the dish in The Iliad), you’ll be able to find countless variations across Athens. You can find a slew of souvlaki shops at the end of Metropolis street near Monastiraki square or you can take this walking tour to sample a ton of options.

The underrated must-order: Saganaki

Often known as “flaming Greek cheese,” saganaki is a fried halloumi or kasseri. Both cheeses have high melting points, which allows them to have some body while forming a delicious crust on the outside. Additional flambéing of the cheese is optional, but eating it with bread is a must.

Hanoi, Vietnam

Overhead shot of person using chopsticks and spoon to eat ramen

The food scene: Hanoi’s cuisine is subtle and delicate, focusing on fresh herbs, light broths, and simple seasonings to highlight local ingredients. For top-notch street food, head to the bustling Old Quarter and French Quarter.

The iconic dish: Phở

Many accounts trace phở’s roots to Hanoi, where it evolved under the influence of Chinese and French colonizers. It’s arguably Vietnam’s most famous dish: a flavorful broth often served with thinly sliced rare beef, brisket, tripe, and meatballs. Don’t forget to top your bowl off with some bean sprouts, fresh chili, mint, and lime.

The underrated must-order: Cà phê trứng

Vietnam is the second-largest coffee producer globally and cà phê trứng, or egg coffee, is a specialty in Hanoi, made by whipping egg yolks with sugar and condensed milk. Whether served hot or cold, its rich, creamy texture offers a twist to the more familiar Vietnamese coffee.

Marrakech, Morocco

Couscous with vegetables

The food scene: Be sure to go beyond sit-down restaurants—Marrakech’s traditional souks like Jemaa el-Fnaa and Souk Semmarine are great for street food and fresh juice (as well as souvenirs). Note: Morocco is a predominantly Muslim country, so you won’t find pork on the menu and alcohol is limited.

The iconic dish: Couscous

You’d be hard pressed to find a meal more deeply rooted in Moroccan tradition than couscous. Often served on Fridays, it’s a staple for families gathering after midday prayers and is topped with vegetables, meat (usually lamb or chicken), and a rich, spiced broth that you can soak up with bread. Dar Chef and La Cantine Des Gazelles are great options to order some for yourself.

The underrated must-order: Mint tea

Okay, this might not be the most underrated thing you’ll have in Marrakech, but it sure will be what you miss the most when you leave. These cups of hot tea (made with fresh mint, sugar, water, and gunpowder tea) can be found everywhere in Morocco—from shops in the old medina to high end restaurants. Riad Yema in Marrakech has some spectacular tea and views of the Medina.

Charleston, South Carolina

Pot filled with seafood, potatoes, and corn

The food scene: Fresh seafood reigns supreme in Charleston’s eclectic mix of cozy mom-and-pop joints and upscale restaurants. As a small city with a major influx of tourists, know you’ll need a res pretty much everywhere you go.

The iconic dish: Shrimp and grits

This Southern classic’s name says it all. Originally a breakfast for fishermen in the region, shrimp and grits has evolved into a Lowcountry comfort dish, with variations popping up on menus all over Charleston, but if you want to treat yourself the shrimp and grits at Circa 1886 gets rave reviews.

The underrated must-order: Frogmore stew

Don’t worry, you won’t be finding any actual frog in this seafood boil that traditionally includes unpeeled shrimp, sausage, corn on the cob, potatoes, and blue crab. It’s all boiled in seasoning in one pot and shared family-style in backyards and spots like Charleston Crab House and 82 Queen. The “stew” part is misleading: the mixture is actually drained of all liquid so you can eat it with your hands.

Bangkok

Man and woman sharing pad Thai

The food scene: Bangkok is one of the only places in the world that offers Michelin-starred street food, traditional dishes, and design-forward cafes. While food is available around the clock, the city’s food scene truly comes alive at night, primarily at night markets.

The iconic dish: Pad thai

This stir-fried noodle dish is the perfect balance of sweet, salty, sour, and savory. You can find it everywhere in Bangkok—from street carts to food markets to upscale restaurants—but for the ultimate experience, this midnight tuk-tuk food tour will have you hitting the after-dark highlights in true local style.

The underrated must-order: Som tam (papaya salad)

Walk down any busy Bangkok street and you’ll hear the rhythmic pounding of pestles as vendors prepare som tam, a flavorful salad made with unripe papayas. It’s a light, refreshing Thai staple—it’s hard to not find a place serving it, but check out the stalls at OTK market for a fresh order and peruse the other vendors to get some sticky rice or chicken wings to pair with it.

Florence, Italy

Two paper cups with gelato

The food scene: There’s a big culture of dining out in Florence, reflected in its many trattorias, osterias, and gelaterias. Italians typically enjoy meals in courses (antipasto, primo, secondo, contorno, and dolce) so they can take time to enjoy each—settle in, as meals can sometimes take a while.

The iconic dish: Gelato

This Italian staple is churned at a slower rate than regular ice cream, which incorporates less air and leads to a dense texture. Florence is credited as the birthplace of the creamy treat, and you’ll find gelaterias on nearly every corner serving up iconically Florentine flavors like straciacella, pistachio, and more. Stop by local-fave Gelateria La Carraia to try some for yourself.

The underrated must-order: Schiacciata

This traditional Tuscan flatbread is crispy on the outside, soft and airy on the inside, and usually seasoned with olive oil, salt, and a sprinkle of rosemary. Sciacciata was originally created as a simple peasant food, but can now be found in bakeries all over Florence. If you’re taking a visit to Mercado Centrale, La Schiacciata Firenze has some of the best in the city.

Noah Cortez
Noah Cortez is a Brooklyn-based writer and editor. Prior to this, he was a social media editor at GQ Magazine and Complex. He writes about travel, culture, and style. Find out more at noahcortez.com

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