Italy, summary information - Real estate, hotels and tourism
The real estate sector and the hotel and tourism sector are the two most important Italian economic sectors, they are safe, they are stable, they are driving, they are transforming themselves, they are the object of important investments. and the expected trend for the coming years is positive.
In Italy the data relating to tourist flows, relating to the number of tourists, relating to the presence of tourists, expressed both in quantity and in value, are constantly and continuously increasing.
In Italy the hotel and tourism sector are driving and very important.
In Italy there are companies and businesses in the tourism-hotel sector of all sizes, dimensions and types, which are widespread in all geographical areas of the country and are different from each other.
In Italy there are and are dynamically present many types of companies and businesses in the hotel sector: hotels (classified from one to five stars), B & Bs, holiday farms, farms, country residences, manor houses, villas, hotels, ancient villages and historical, apartments, residences, campsites, tourist villages, rented accommodation managed in entrepreneurial form, youth hostels, holiday homes, mountain shelters and other accommodation facilities n.c.a. (not classified elsewhere). Source: ISTAT.
In Italy hotels and non-hotel accommodation facilities are widespread and are located in all geographical areas: sea, mountains, cities, towns, hills, thermal areas, lakes, single islands and archipelagos of islands, volcanoes, rivers, lagoons, etc..
With us you can make investments and you can buy hotels companies and businesses and real estate properties that are in multiple states and conditions, for example:
- In business and operating;
- Only real estate;
- Real estate properties and companies / businesses together;
- To be restructured;
- Renovated;
- Land with projects;
- Properties with projects;
- etc.
The hotel and non-hotel sector and, in general, the tourism industry in Italy are undergoing great change and evolution.
Italian entrepreneurs are creative, they are prepared, they are hard workers, etc. but, in general they do not have high-level organizational and managerial skills and they are not able to create, stabilize and duplicate the business model
Italian entrepreneurs do not want to delegate the functions of control and management of their businesses and of their activities.
In Italy, companies are almost all small and control almost always remains within the family.
The average age of hotel and non-hotel business entrepreneurs, in Italy, is high, and the generational shift of businesses and real estate is often difficult because children generally do not want to do or continue the work of parents.
The quality standards of Italian hotels in general are lower than those of the most developed countries in the sector.
The entrepreneurs of the hotel industry in Italy who made the investments that were needed in their businesses and in their companies, when they had to be made:
- have reached high and excellent levels of quality and design, both in the hotel sector and in the non-hotel sector.;
- the renovated and redeveloped properties have considerably increased their value;
- they are able to obtain an adequate return on invested capital;
- the income statement generates positive and interesting results.
Hotel entrepreneurs in Italy have not made the investments that were needed in their businesses and in their companies, when they had to be done, consequently:
- they sell the rooms or are forced to sell the rooms at low prices;
- often, they are unable to obtain an adequate return on invested capital;
- the income statement, also called the profit and loss account, generates mediocre or negative results.
In Italy, over 33,000 (thirty-three thousand) hotels are currently present and operating.
In Italy, over 200,000 (two hundred thousand) non-hotel accommodations are present and operational.
In Italy the hotels are very heterogeneous and different from each other.
The diversity and the heterogeneity existing in Italy must not be considered negatively because it is one of the main characteristics that make it beautiful.
The diversity / heterogeneity existing in Italy, must be valued, is one of the main key success factors of companies operating in the hotel and tourism sector and allows to fully and always satisfy the multiple needs and all possible requests of customers.
In Italy the hotels are not large, the average production capacity is around 35 - 45 rooms.
The small average size does not necessarily have to be considered negatively.
Very often these dimensions are the consequence of the narrow spaces typical of Italian city centers dating back to the Middle Ages or Roman times.
For example, if you want to buy / invest in a 150-room hotel you can get the same result by buying / investing three 50-room hotels in the same place. This reasoning can be extended in quantity and in value.
The current technologies allow to manage and control in a centralized way also the companies that operate with different physical locations, distant and / or close to each other.
The model of the widespread hotel in Italy is spreading, similarly and in a form correlated to the increase in non-hotel accommodation facilities.
The hotel sector and the non-hotel sector are converging with each other and are naturally complementary.
The hotel sector and the non-hotel sector are not different from each other and are not in conflict with each other and are not divergent, indeed currently the process of convergence of the two sectors is intensifying and, in the medium term, there will be a single hotel sector, with different types of structures and buildings.
Italy is a particular country, for many reasons it is very difficult and complicated and expensive to build new large hotels.
In Italy only about 4% of hotels are part of hotel chains.
The largest hotel chain in Italy, Best Western, currently groups only 149 hotels.
In Italy, buying only 150 (one hundred and fifty) hotels, the largest Italian hotel chain is created and formed.
Therefore, the subject who buys or anyone buys at least 150 (one hundred and fifty) hotels can qualify as the owner of the largest Italian hotel chain.
