I looked around, and I saw cottages everywhere. I thought it was time they lived in apartments.

There's always room for an operator like Airbnb, but it's quite a different thing to my serviced apartments. Airbnb is a different market - it has nothing to do with me.

We kind of saw abundance everywhere we looked.

We looked into and tested the Airbnb website and found the inquiries generated were at price points substantially lower than the market is prepared to pay us directly. It was clear that there were no real synergies between the level of our offering and what Airbnb clientele is looking for.

It's a very difficult business, and I'm very interested in the future of it after I'm gone, and I thought that if I can't produce a strong management team here myself, and I can find better management elsewhere, then I should sell it.

Obviously I saw him trip. I thought he was going to get up. He wasn't grabbing anything, and it looked like he was smiling. But when I got to him, he said, 'It's blown out.' He knew.