Prime countries for luxury travel will work and countries with no black & white (Grey) property ownership will not.
One such example would be Bhutan, It’s a local-only market and highly protective to protect local culture and environment.

We will be avoiding countries that have Sanctions or war-torn countries, like Iraq, Iran & North Korea. We have low-risk appetite.
it’s more of a whitelist approach than a blacklist approach.

let us know which other countries you have on your mind and we can advise accordingly.