An up-to-date snapshot of the luxury market in Italy, curated by Thrends: 710 five-star and luxury five-star hotels, 47,300 rooms, and 24 new openings scheduled for 2024 alone in Rome, Milan, Venice, Forte dei Marmi (five, no less), and Olympic Cortina. 6.6 billion euros in revenue in 2023, representing 26% of the total revenue, coming...Read More

The Board of Directors of ITA Airways has approved the consolidated semi-annual financial statements as of June 30, 2024. Among the key performance indicators, the company reported revenues of €1.4 billion (+€300 million YoY), an EBITDA of over €62 million (+€130 million YoY), and a cash balance of €393 million (+€31 million YoY). In the...Read More

In March, Dolce & Gabbana, through its Dolce & Gabbana S.r.l. entity, completed the acquisition of the iconic Mocambo café-patisserie located in Taormina, Sicily. After undergoing extensive renovations and modernization, the establishment reopened as Mocambo Dolce&Gabbana in late July, blending the café’s historic charm with the luxury fashion house’s distinctive aesthetic. This acquisition marks the...Read More

Collective Hospitality, a Singapore-based company, has successfully acquired the majority of the business operations of Selina, a British hospitality brand known for its hotels, hostels, and co-working spaces. This acquisition comes in the wake of Selina’s bankruptcy, which was declared in July 2024, as reported by The Bulletin on July 24, 2024. The bankruptcy filing...Read More

Rome, September 4, 2024 – A historic icon of hospitality in Taormina has changed ownership. The Villa Diodoro Hotel, part of the Gais Hotel Group and owned by the Bambara-De Luca family, who have been hoteliers for four generations, has been acquired by the Barletta Group, a company led by CEO Paolo Barletta. With this...Read More

Bob W and Osborne+Co Investment Management have recently launched a £120 million fund to acquire properties for conversion into serviced apartments. The joint venture aims to acquire and convert 20-25 buildings, currently used as hotels and offices, into 1,500-2,000 short-term serviced apartments. This value-add fund will target key European markets, including Ireland, Portugal, Spain, Poland,...Read More

ISTAT has recently published data on tourist arrivals recorded in May of this year. After an April that saw a -8.5% YoY decrease in arrivavls, the hotel and non-hotel sectors recorded 38.6 million overnight stays in May (+18% YoY and +24% compared to 2019), marking significant growth. We recall that 2023 closed with 431 million...Read More

The Italian State Property Agency has recently announced the opening of a bidding process for the concession of 18 state-owned historic buildings, including towers, lighthouses, and historic villas, with the aim of revitalizing them through sustainable tourism, hospitality, and culture. This initiative is part of the “Network Projects,” a program designed to enhance public real...Read More

Be Mate, a brand previously part of the Spanish chain Room Mate, has recently opened 8 new apartment structures in Italy, located in Venice, Rome, and Turin. In Venice, the group has inaugurated Be Mate Ponte di Rialto, a building consisting of 12 apartments. In Rome, the Trastevere district has recently seen the opening of...Read More

The Rovati family, through their investment vehicle Fidim, a holding company operating in the high-end tourism sector, has joined the Barletta Group. The transaction involves a capital injection of 95 million euros, composed of cash and trophy assets, which will allow Fidim to hold a 12.5% stake in Barletta Group’s share capital. This operation is...Read More