Caspian Coast Holidays Become More Expensive: How Rental Prices Have Changed in Azerbaijan's Seaside Resorts in Summer 2026

Family businesses account for roughly two-thirds of all companies worldwide and remain one of the pillars of the global economy. Yet today this sector faces its greatest challenge in decades: the mass transfer of power from founders to the next generation. This issue is the focus of The Economist’s article, “A giant succession wave is coming for family businesses,” published on April 9, 2026. The magazine warns that a looming succession wave could reshape the structure of global capitalism.

On sunny weekends in May, residents of the Azerbaijani capital once again head for the sea. The beaches of Bilgah, Mardakan, and Buzovna are already welcoming their first visitors. Children build sandcastles, fishermen cast their lines, and cars line the shoreline, some driving almost to the water’s edge.

Azerbaijan will celebrate Eid al-Adha on May 27–28. The holiday is included in the list of official public holidays and is observed as a non-working day.

Azerbaijan’s tourism sector in 2026 has encountered its first serious sign of cooling after several years of post-pandemic recovery. According to data from the State Statistics Committee of the Republic of Azerbaijan, 658,500 foreigners and stateless persons from 175 countries visited the country in January–April, which is 10.5 percent lower compared to the same period last year.