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The Grand Hotel Milano, an exquisite Art Nouveau establishment designed in 1910, is set to reopen its doors in Brunate, a charming village nestled on the slopes of Lake Como. After a hiatus since 1982, during which it served as the headquarters for the Maharishi movement’s meditation academy, the historic hotel faced a period of...
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According to the latest report on the real estate sector by the European Central Bank, weak profitability prospects are creating increased downside risks in the portfolios of European banks exposed to the commercial real estate market. The report specifies that the sector in the Eurozone could face difficulties for years, thereby exposing bank loans, investment...
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According to Thrends’ Chain Hotels Database, there are currently 96 chain hotels in Trentino-Alto Adige, with 37 located in the province of Bolzano and 59 in the province of Trento, totaling 6,760 keys. Branded hotels have experienced growth over the past 10 years, with chain hotels growing at a Compound Annual Growth Rate (CAGR) of...
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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...
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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...
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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...
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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%...
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According to a recent analysis by Thrends on the hotel segment in Northern Italy*, from 2013 to 2022, accommodation facilities saw a decrease, equal to a CAGR of -0.7%. However, chain hotels grew at a CAGR of +5.3% and consequently the CPR (% of chain hotels compared to the total offer), which increased from 3%...
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According to a recent analysis by Thrends on the economy segment in Italy, from 2013 to 2022, accommodation facilities saw a decrease equal to a CAGR of -2.8%. However, the key chains saw a growth of +23.9% and consequently the CPR (% chain rooms compared to the total offer), went from 0% in 2013 to...
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According to a recent analysis by Thrends on the midscale segment in Italy shows that from 2013 to 2022, lodging facilities have experienced an equal decrease at a CAGR of -0.4%. On the other hand, chain hotels have seen a growth of +6.2%, which led to an increase in the CPR (chain hotel compared to...
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