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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 fresh Italica Lodgings & Retreats label oversees a collection of five hotels and aims to broaden its portfolio with additional establishments, retreats and lodgings across Italy. The Italica Corporation, a division of the Italica DMC, previously collaborated with the Spanish firm Smy Hotels. At present, the operator possesses five properties under its direct management:...
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Mövenpick Hotels & Resorts, one of Accor’s brands, will add 33 new hotels to its portfolio over the next few years, for a total of 7,931 keys. In 2022, 7 of these hotels are already scheduled to open, for a total of 2,000 keys. For 2023, a further 10 hotels will be opened, followed by...
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Garibaldi Hotels continues its expansion plan, and after the opening last December of Borgo Pulciano in Umbria, now comes the second property in Sicily, the GH Baraka Village, 3* with 64 keys, located in Scoglitti (RG). GH Baraka Village is located 500 meters from the sea and consists of studios and two-room apartments with independent...
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