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In the 30 years leading up to 2020, demand for Italy grew at a pace of about +2.8% (hotel arrivals, compound annual growth rate), with foreign arrivals even increasing at a CAGR of +3.2%. Before the total shutdown of travel, Italy’s tourism demand was strong (281 million overnight stays in 2019), with the international market...
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Hyatt has recently announced its expansion plans: the pipeline includes the opening of 75 hotel properties in the EMEA region, adding to the existing 206, for a current total of approximately 46,200 keys. The development strategy is also focused on Europe, targeting countries such as Spain, France, and Italy. Embracing an asset-light strategy more and...
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According to recent research conducted by JLL, European investment volumes in 2024 are expected to grow by 15 to 25% compared to 2023. The latest Global Hotel Investment Outlook by JLL Hotels & Hospitality Group found that urban markets are among the most attractive for hotel investments: indeed, 84% of hotel investors surveyed for the...
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The Berlin-based hostel chain A&O Hotels & Hostels plans to invest approximately 500 million Euros in the group’s expansion, converting existing properties used as offices and shops into accommodations. Founder and CEO Oliver Winter has shown flexibility towards real estate contracts, stating, “Whether it’s leasing or ownership, new construction or conversion, our real estate expansion...
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The investment company HIG Capital has announced that several of its affiliates have pooled their assets to create Ella Hotels & Resorts, a brand that will encompass 13 hotels totaling 4,500 keys. Ella Hotels & Resorts will thus be a hotel group managing a collection of luxury and sustainable lifestyle resorts throughout Southern Europe, primarily...
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Energon invites you to take part in a friendly and non-competitive short run (5 km) which will give you more opportunities to team-up with ITHIC participants and friends. Join us at 07:30 AM on October 20th (Day 2). This is a great opportunity to discover Villa Pamphili Park at a time when it is calm,...
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Real estate is constantly evolving and, undoubtedly, ESG is among the most important challenges facing the market, so the hotel industry cannot be exempted either. Hotel guests, investors, owners, employees and brands worldwide are increasingly showing interest in responsible environmental practices, sustainable tourism, social welfare, corporate governance and transparency. The growing expectations of customers and...
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Studio Moren is increasing its focus on Italy following its award-winning refurbishment of the Hotel Villa Pamphili Roma; the venue for this year’s ITHIC conference. The architecture and interior design studio is working on a second project in Rome, as the country evolves to embrace the global hotel brands. Studio Moren renovated and redesigned the...
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The increase in the cost of debt following the ECB’s interest rate hikes had a negative impact on property values, calling into question the ability of counterparties to respect financial covenants and, on some occasions, debt servicing. In this context, despite the fact that ample liquid assets remain in the hands of credit institutions and...
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In Italy, the hotel industry is undergoing a highly dynamic phase of great transformation. With only 21% of the stock of hotel rooms linked to a brand, today, Italy is among the European countries with the lowest brand penetration. Undoubtedly, this represents a great opportunity both for upgrading existing stock and for new developments or...
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