Laura Alese - Federturismo Confindustria

📈 Italian businesses planned over 427,000 hires in November and approximately 1.3 million for the November-January quarter, with 47.9% difficulty finding specialized profiles. Service sector leads with about 307,000 in November and 908,000 for the quarter, a year-on-year increase of 2.5% and 0.6%, respectively. Tourism and commerce sectors expect 82,000 and 72,000 hires. Industrial sector's outlook is uncertain, seeking 121,000 workers in November and 360,000 for the quarter, down 8% from November 2023 and 9.9% for the quarter. Manufacturing plans about 78,000 hires in November (down 9.9% year-on-year) and 239,000 for the quarter (down 12.5%), while construction seeks over 43,000 in November and 122,000 for the quarter (both down 4.3%).

🏖️ At the conclusion of the International Tourism Forum in Florence, Italy's Tourism Minister Daniela Santanchè, ENIT, regional assessors, and Autonomous Provinces of Trento and Bolzano representatives, alongside major industry associations, signed the "Patto per il Turismo" (Tourism Pact). The pact outlines a shared path with ten strategic points to boost the growth of Italian tourism, aiming to enhance national and international competitiveness and quality tourism driving economic growth for all communities involved.

🏖️ In the third quarter of 2024, European tourism saw foreign arrivals increase by 7% and overnight stays by 5% annually compared to 2023, with a 6% annual increase in arrivals and 7% compared to 2019 levels. Total European tourism spending is projected to grow by 10.3% in 2024, reaching €719.7 billion. Southern Mediterranean destinations like Serbia (+34%) and Malta (+32%) outperformed, while Turkey (+16%) faces rising competition. Despite disruptions, air travel demand in Europe increased by 3.4% during summer, and hotel RevPAR rose by 5.9% annually. Short-term rentals grew by 11% in August 2024. Popular destinations face overcrowding, prompting measures to promote lesser-known areas and manage tourist flows.

🏖️ Global Travel Report by Tourism Economics reveals tourism in 2024 is booming, with positive forecasts for 2025 despite uneven post-Covid recovery across countries. By 2030, the industry aims to hit 2 billion international arrivals. In 2024, global tourist spending reached $5.5 trillion with 1.5 billion international arrivals. Western economies drive growth, while China's slow recovery impacts countries like Thailand and Vietnam. Short-haul trips prevail due to inflation and cost-cutting by travelers. Tourist spending growth varies: Europe (+7% annually), North America (+6%), Asia (+15%), and the Middle East (+13%), the latter boosted by major events and investments.

💍 In 2024, Italy is set to host over 12,000 international couple weddings, an 8% increase with 1,200 more events than previous years. A quarter of foreign couples worldwide choose Italy for their destination wedding, with British couples making up 25.7%. Symbolic ceremonies account for 63%, often held in villas (40%) or historic homes, castles, and farms (34%). Seasonality peaks in spring and autumn, but shoulder periods are gaining popularity to ease tourism congestion. Northern Italy hosts 34% of foreign weddings, central regions 35%, and southern regions plus islands 31%. Average wedding budgets soared from €35,000 in 2018 to €59,000, with expenses focused on food and beverage (35%), location (21%), hospitality (17%), and ancillary services (27%). In 2023, these weddings resulted in 826,000 arrivals, 2.4 million overnight stays, and exceeded €800 million in revenue, a significant rise from €520 million five years ago. Most events have 50-100 guests. Emerging trends include vineyard weddings (12%) and "green weddings" (16%). A clear boost in the sector could see revenues hitting €1 billion.