On June 21st last year, a new 5-star hotel was opened in Genoa, the third of its kind in the city: Palazzo Durazzo Suites, a 5-star hotel with 12 rooms, located at Via del Campo 12. The hotel is situated on the site where the Palazzo dei Rolli Durazzo-Cattaneo-Adorno once stood, which underwent a 7-year...Read More

According to a recent study by Thrends, the global cruise industry is experiencing a sustained recovery after the two-year period marked by the COVID-19 pandemic. Considering the 2022 economic results of the three main operators in the sector: Carnival Corporation & plc (which includes Costa Cruises among others), Royal Caribbean Cruise Ltd, and Norwegian Cruise...Read More

36% of the restaurants listed in the 2023 Michelin Guide with at least one star are connected to hotels. According to the Luxury Hotels Database by Thrends, 57% of 5-star hotels have one restaurant, 41% have up to 3 restaurants, and the remaining 2% have more than 3 restaurants. Of these, approximately 10% are Michelin-starred...Read More

As for every semester, THRENDS issues the update on Hotel Chains in Italy through our Chains Monitor Italy, which tracks new affiliations to domestic and/or international chains and recent exits, along with hotel pipeline for the next 3 years. In the first half of 2023, there were approximately 141 new affiliations, 60% of which belonging...Read More

Sanpellegrino, the historic mineral water brand, has presented a project that would mark its debut in the hospitality sector. The project, worth 9 million euros, has been proposed for the development of Casa Sanpellegrino, a complex that will consist of a hotel and restaurant. The complex is planned to be located in the Paradiso di...Read More

Gusmay Beach Resort, a hospitality facility located in Peschici (FG) in the Manacore area, was recently sold. The acquiring party of the resort was the Gianel Shoes Group and Gsmart, associated with the Casarano family. The transaction concluded with the acquisition of 100% of the share capital of Baia del Gusmay S.r.l. and the business...Read More

The French fund Covivio has sold a property located at Piazza Duca d’Aosta 8 in Milan, in front of the Central Station, where the HD8 Hotel Milano, a 4-star hotel with 79 rooms, is located, along with some commercial premises. The property covers an area of approximately 3,000 square meters and spans 11 floors. The...Read More

Hoteltransactions presents an innovative solution to assess the reliability and capability of hotel operators in meeting their financial and contractual obligations: the Tenant Rating. The Tenant Rating is an essential and objective tool to evaluate the financial risk and scale of a hotel group. The rating considers various key factors, including the longevity of management...Read More

According to Questex Hospitality Investor, a research conducted on the global hostel market predicts that this segment could expand up to USD 7.65 billion by 2027. Luke Knowles, the director of strategy and development at Beds & Bars Group, a British group operating hostels in 8 European countries, states that the hostel business has been...Read More

According to a survey conducted by Deloitte on 400 players in the tourism industry (investors, hotel groups and general managers), in 2022 the Italian hotel market recorded investments of approx. 1.6 billion, equal to 15% of the total volume of the real estate market. 70% of investments concern the luxury segment, while more than 60%...Read More