Saturday, January 18, 2025

The Davos you don’t know

Remember when Jason Derulo got a noise complaint?
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Bloomberg

Hi there, it's Ed Stapley, a reporter in London on a stint with Pursuits, and one of the most exhilarating times of the year is here: the World Economic Forum's 55th annual meeting in Davos. Global leaders are packing their bags for a busy week of meetings, interviews and discussions happening Jan. 20-24.

I've programmed numerous global editorial events for Bloomberg Live over the past seven years, and the WEF always has the fastest pace to it. Schedules for the world's most influential people can open and close on the fly, and news can break at any moment. It's rewarding, inspiring and exhausting.

But what's it like on the ground?

A few years back we published a skier's guide to Davos for those with slightly less burdened agendas. Photographer: Ed Stapley/Bloomberg

With its many pop-up events spaces around the main Congress Centre, including Bloomberg House, the WEF sees a steady flow of chief executive officers, government leaders and celebrities crunching through the snow in their crampons and down feather-hooded jackets as they set the agenda for the year ahead. This year's theme is "Collaboration for the Intelligent Age," a nod to the importance of people and countries coming together during these fractured times, and the ever-growing influence of technologies such as artificial intelligence.

In addition to all the media and meetings, there's also fondue, skiing and a wide range of parties to enjoy. 

I'll never forget the Jason Derulo after-party I found myself at a few years ago in an intimate venue guarded by a team clutching an ominous clipboard. I was still riding high on getting past the clipboard when, midway through Derulo's set, someone with an earpiece and a furrowed brow stalked on to stage, placed their hand on the singer's shoulder during one of his open-shirted thrusts and said something in his ear.

The music stopped. Derulo brought the mic sheepishly to his mouth and informed us that there had been a noise complaint and that the performance would have to end. Groans ensued from the crowd, followed by a crescendo of "Jason, Jason, Jason!"

Derulo pitching up at that Davos after-party. Photographer: Ed Stapley/Bloomberg

A few minutes later, earpiece man came back on stage and said something else in Derulo's ear. This time with a grin, Derulo looked up at the audience and shouted, "We're gonna pay the fine!!" The crowd roared, and Derulo returned to singing his own name over the catchy, surprisingly nostalgic tunes.

It's hardly surprising that noise complaints should surface in such a tightly concentrated town. The Swiss resort's glamorous, five-star reputation may be front and center—like Precise Tale Seehof with its Bella Vita spa's saunas and steam baths, and the Grandhotel Belvédère Davos with it's panoramic views and top-tier dining—but for many attending, Davos is largely a functional burg retrofitted for a week of intensely packed back-to-back meetings a stone's throw away from one another.

World leaders may stay in luxury, but for the rest of us, the utilitarian, bare-bones lodgings near the main promenade are snapped up like gold dust. They may look and feel like university halls—including fold-down beds from the wall—but they fetch thousands of dollars for the week, and many businesses are dependent on them for a large portion of their annual income.

Serendipitous connections and impromptu experiences are key parts of the proceedings, but a successful Davos still requires a good bit of planning. Restaurant reservations are their own extreme sport. I'll always book at the delightfully cozy Pot-au-feu, which has the best beef and venison steaks as well as exceptional meat and cheese fondue. The newly renovated Gentiana is also well worth a visit for its fondues and Burgundy snails, as is Stall Valär, which offers a spacious restaurant and bar with local Swiss dishes and a mean veal tartare.

Fondue action at the peerless Pot-au-feu restaurant. Photographer: Ed Stapley/Bloomberg

Given how busy and crowded it all is, loading up with emergency snacks can be a good idea. The local Coop supermarket is your best friend here; whether you need noodles, Swiss chocolate or shower gel, it's got you.

And, of course, bars are where some of the best "meetings" happen. The famous Tonic Piano Bar in Hotel Europe is usually packed full of Davos gossipers and dealmakers until the early hours, with a pianist taking requests. The party vibes continue at Chalet BelloTijuana Bar and Pöstli Club, if you can get in.

Piano Bar in full throttle, with Barry Colson at the keys. Hour unknown. Photographer: Ed Stapley

No matter how much you plan your trip though, things can always go wrong.

At my first Davos in 2019, we booked Matt Damon to speak about Water.org, a charity whose mission is to improve global access to safe water and sanitation. He arrived at the venue straight off his red-eye flight from LA looking as if he hadn't slept one bit and been partially dragged through a hedge. The airline had lost his suitcase, and he had no change of clothes or time to freshen up really before he was due on stage. Being a gentleman, I offered him my suit jacket, which, after briefly eyeing me up, he said wouldn't likely fit because of his stockier frame. (Suit yourself, Damon.)

He went on stage in the end wearing a mix of his airplane clothes and a borrowed jumper, and absolutely nailed it, including a Bill Clinton impression that's stuck with me ever since. After, he did a host of unplanned social videos, which continued for a while, along with a bunch of selfies. It was all a gracious demonstration of how the show must go on.

Connect with Ed on LinkedIn or via e-mail.

What to expect for Davos 2025

Now that I've set the scene a bit, here's some coverage to keep you abreast of the major happenings in and around the WEF this year:

And continue to follow coverage every day bloomberg.com/davos.

Need some travel inspiration?

All this talk of Switzerland has got me plotting where to travel in my personal time off this year. If you've also got the bug, here's some inspiration from team Pursuits:

Luxury Train Travel Is Booming
How to Dodge the Tourists: Off the Beaten Track in Japan
Morocco Eclipses Egypt as the Most Visited Country in Africa
The Most Exciting Hotel Openings in Europe
Marriott is Reinventing the All-Inclusive Resort With a Luxury Twist
Where to Go in 2025

What else I've been enjoying lately.

Uniquely immersive storytelling: If you fancy doing something out of the box, in a sort of box, then go check out Lightroom in London's King's Cross, a space tailored toward delivering 360-degree cinematic viewing experiences. The storytelling in the venue plays out across all the walls simultaneously with stunning fast-moving visuals and booming surround sound.

This may look like a rendering, but no faked moon landings here. Photographer: Justin Sutcliffe/Digital Camera

Currently the venue is showing Vogue: Inventing the Runway, a 45-minute show with stunning pop-culture visuals that explore the history of fashion shows. There's also  The Moonwalkers: A Journey With Tom Hankswhich takes viewers on an epic, 50-minute sensory journey through space via the Apollo missions. Tickets are £25 ($30), and each show took about a year to create, according to their CEO, Richard Slaney. I saw both and would say it was totally worth it. Lightroom Seoul recently opened, and there are more plans to expand outside London.

Murderous Television games: Two viral shows that have had me hooked, and whichI recommend cracking into if you're not already watching—Squid Game and The Traitors. They're both highly watchable, depending on your tolerance for actual gruesome violence and/or campy reality TV.

Lee Jung-jae returns as Seong Gi-hun (aka Player 456). Source: Netflix

Sure, its less-than-perfect debut might have caused some Korean entertainment stocks to tank (don't expect to be blown away by the writing), but the pure spectacle and entertaining new contestants kept me going. The second season of Netflix's most watched show in history takes the viewer back to the same arena of bloodshed, where a whole new set of numbered characters once again risk death by masked, pink-suited assassins as they play traditional Korean children's games for the ultimate cash prize.

Meanwhile, The Traitors, which is now in its third UK season hosted by the brilliantly deadpan Claudia Winkleman, and available on the BBC and Peacock, continues to be the addictive reality TV show we never knew we needed. (The American version has Alan Cumming also killing it in the host role.)

If you'd rather spend your time a different way, this is how nine CEOs spend their weekends. Illustration by Sarah Cliff for Bloomberg Businessweek

It's set in a Scottish castle and features a group of random everyday people, of all ages and backgrounds, trying to outsmart each other for a pot of money. Selected "traitors" are tasked with "murdering" fellow contestants each night before trying to avoid getting found out by the other players at roundtable reckonings, like the party games Mafia or WerewolfIt's suspenseful and silly and a ton of fun. And it's no surprise that the show's format has been successfully replicated into versions in Australia, Belgium, Canada, New Zealand, Sweden and the US, and also into celebrity versionsthough I find these to be less scrappy and authentic given that the money is of less consequence to them and the limelight is clearly the primary draw for their involvement.

Japanese Single-Grain Whisky: I've enjoyed tucking into some Chita single grain to start off the year. Especially on a wintry evening, it marries the smoothness of an Irish whiskey with the subtle spicy and honey notes of a Scotch. Plus, for a Japanese whisky, it can be had for an accessible price of £65 from Harrods.

Meanwhile this one costs $35,000 ... Source: Hibiki

Time for some spin: One of my go-to ways to get my heart rate up, along with a sense of healthy accomplishment, is spin class. 1Rebel in London offers the closest thing to clubbing on a bike. Instructors darken the room, bring up the mood lights and pump themed music for 45 minutes of adrenaline-fueled escapism. Afterward, there's lavender-scented chilled towels in the changing room.

Get seats for Dr. StrangeloveStanley Kubrick's 1964 political satire black comedy has been brilliantly adapted from screen to the stage and is running in London's Noël Coward Theatre until Jan. 25, before heading over to Dublin's Bord Gáis Energy Theatre in February.

Steve Coogan, best known for his comedy character Alan Partridge, plays four different characters in the play, each with their own absurd quirks (including Dr. Strangelove's robotic sieg-heiling arm, which Coogan shoots up out of nowhere during random points of dialogue). Coogan's lightning-fast costume and character shifts are incredible. It's a fun and ridiculous watch, even if the lighthearted take on nuclear war ends up feeling just a touch close to the bone as you leave the theater and flip your news notifications back on.

Movies more your thing? The big-budget rom-com may be dead, but the rom-horrors are coming. Illustration by Camille Deschiens for Bloomberg Businessweek

So, you had some questions

Here's some answers! Keep them coming for next week via our Bloomberg Pursuits Instagram and e-mail.

What's your favorite travel destination and why? Is food part of the reason?

I don't have a go-to travel location per se, @haotian.yang07, because I love to visit different places each year as much as possible. There may be a time when I settle for a regular European beach spot, but I don't see it happening any time soon; there are still so many countries I want to see.

Last year I really enjoyed visiting Seoul and Taipei—and food played a big part in my planning and enjoyment of the trip. The tasting menu at Mingles, the two-Michelin-starred restaurant in Seoul's Gangnam district, was a truly memorable life experience. And getting a seat at one of the original Din Tai Fung restaurants for some xiao long bao in Taipei was a delight. Also, hat tip to the incredible speakeasy bar scene in both cities!

When questions go beyond travel and restaurants… Career stuck? Family problems? Need help making a singular decision? There's a coach for that. Illustrations by Jose Flores for Bloomberg Businessweek

What is the most exciting restaurant you've tried in the past few months?

@simonchesterfield, I would say Elena Horto, located in the upscale Jardim Botânico neighborhood of Rio de Janeiro. The Asian fusion restaurant has a uniquely chic vibe; the first thing I noticed walking through the entrance into the square bar was a pair of eyes projected onto an exposed stone wall, which changed color periodically as they watched over the cocktail-swilling crowd. Here's really a place to be seen and people-watch. And from the open kitchen, dumplings, sushi and wagyu carpaccio come out beautifully presented. Upstairs is another bar and hangout area for after-dinner drinks with live music. Book ahead; it feels as if it's having a moment.

Speaking of fancy things: The Year of the Snake is almost here, and the luxury Lunar New Year gifts are as well. Photographer: Vendors

Let's talk about cultivated meat!

OK, @notthatkindofdietitian! Super-interesting topic. I met with the CEO of JBS, the largest meat processing company in the world, a few months ago at Bloomberg New Economy in São Paulo. He said that attitudes are now shifting, with Gens Z and Alpha much less meat-focused than the generations before them. In response to this trend, and from a fear of being left behind, the company now owns the largest cultivated beef protein plant on the planet, based in San Sebastian, and have recently invested $62 million in a Brazilian research facility focused on cell-based meat. The major challenge for companies, and especially for startups in this space, is how to scale such an expensive process.

Another major challenge with meats like this lab-grown steak: getting regulatory approval to sell it. Photographer: Corinna Kern for Bloomberg Green

Ultimately, the speed of adoption of cultivated meat will depend on whether it can truly replicate the experience of having a steak or a burger in texture and flavor, and then whether consumers can get past the ick factor of meat grown in a lab. I've yet to try it, but I'm keen.

Anyway, I assume this is what your prompt meant, unless of course there's a new heavy metal band I've not heard of called Cultivated Meat who are striking up a cunning rivalry with Korn.

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