Fusioni & Acquisizioni

🏡 The Grand Hotel Imperiale in Forte dei Marmi, a luxury 5-star property with around 45 rooms, was sold by Luxury Hotel Development to Emaar Properties, a leading global real estate company known for the Burj Khalifa and the Dubai Mall. The deal was valued at €40 million and includes Remo beach. Mohamed Ali Alabbar, a prominent UAE businessman, is behind the acquisition. Minor modifications are planned before a more radical overhaul of the suites.

🗿 Naar Bespoke Travel enters exclusive partnership with Atmosphere Core to market Atmosphere Kanifushi Maldives as the sole Italian player. The 5-star resort located in the Lhaviyani Atoll aims to make Italy a top 10 market by year-end. A 19-stop roadshow across Italy from October 23 to November 7 involves 700 agencies to promote the partnership. Atmosphere Kanifushi features 162 beach villas, a 2-kilometer beach, and the Maldives' first gourmet vegetarian restaurant, Just Veg, by chef Fabrizio Marino.

🏨 Radisson Hotel Group plans 7 new hotel openings in Italy by 2025, targeting 30 Italian properties by 2027. Newly signed hotels in the past year total 5, with 2025 openings in Bergamo, Pisa, Como, Florence, Rome (Piazza Sallustio - art’otel brand debut), Naples, and another in Rome. Chema Basterrechea and Valerie Schuermans confirm Italy as central to growth strategy, highlighting the country's dynamic market and potential for hospitality sector expansion.

🏦 Mandarin Oriental Hotel Group, under Group Chief Executive Laurent Kleitman for a year, aims to double its portfolio in ten years; it now has 28 hotels/resorts and 18 developing residences. Focused on the Middle East, Japan, North America, and major European capitals, the expansion includes a trio of boutique hotels in Japan's Setouchi, restoration/rebranding of Budapest's historic Hotel Gellért, ten villas in Rome, a Bali southern coast resort, and a Riviera Maya resort in Mexico. A new app is launching next year for guest experience and privacy. Mandarin is globalizing its patisseries and introducing a holistic Wellness 2.0 concept.

🏖️ Jamaica is set to allocate $6.3 million to tourism marketing initiatives, announced during the 63rd Annual General Meeting of the Jamaica Hotel and Tourist Association by Tourism Minister Edmund Bartlett. Motivated by a surge in travelers, the plan includes new air links from South America starting December 1st with Latam flights from Peru, and negotiations with Azul Airlines and Avianca to introduce flights from Brazil and connect other South American regions, respectively. Marketing campaigns in India and targeted promotions in Eastern Europe and the Schengen area are also planned.

✈ Rome Fiumicino Airport leads Italy's record-setting 2024 airport system with a 12.9% passenger increase over pre-Covid 2019, based on January-August data. Italian airports grew above the European average in 2023 with 3.3 million more passengers (+1.7%), ranking Italy third in Europe with 197.2 million passengers, after Spain (281.6 million) and the UK (274.4 million). Low-cost airlines contributed significantly to the growth of 18 out of 20 minor airports in Italy.

🏡 Domestic flight bookings within Italy for Christmas show a 39% decrease compared to 2023. European travelers flying to Italy dropped by 14%. Italy's domestic market, with a 19.4% search share, remains the largest for tourism. The US, constituting 17.7%, is the second-largest market for Christmas 2024 holiday searches in Italy, followed by the UK at 9.5%. Hotel search data places Americans at the top with 33.8% share, and Italians at 19.1%. Rome leads in flight booking preferences at 32.8%, with Milan (27.4%) and Venice (6.7%) following. Sicily, with Catania at 5.6%, benefits from a tourism boost. For hotel choices at Christmas, Rome garners 48.4%, ahead of Milan, Florence, and Venice. In a broader European and Middle Eastern context, London, Dubai, and Paris are the top city destinations, with Milan and Rome at tenth and eleventh.

✈; Volotea, led by CEO Carlos Muñoz, aims to reach 1,000 routes within five years, doubling its turnover. Europe's market potential of 510 million people, with 330 million in under-served cities, fuels this plan. Currently at 450 routes, Volotea's stake in Aegean could increase from 13% to 21% by next year. The airline is also eyeing Ita Airways and Lufthansa's slots at Milan Linate as part of the EU's merger approval conditions, competing with easyJet.

📍 Gnv opened sales for summer 2025, earlier than previous years due to trade requests. Matteo Della Valle, chief passengers commercial officer at Gnv, highlights the move to meet intermediary needs, offering benefits for clients. The expanded offerings include destinations like Sardinia, Sicily, Morocco, Tunisia, Balearic Islands, and Albania, supported by new ships. The company anticipates a significant year in 2025 with fleet renewal and a focus on Italian tourism trends. Gnv commits to customer safety, 24/7 assistance, and intensified maintenance to minimize disruptions.

🏖️ In July, Italy's tourism balance of payments showed a surplus of €4.1 billion, consistent with July 2023. Foreign travelers spent €7.5 billion in Italy, up 1%, while Italian travelers abroad spent €3.3 billion, up 4%. From January to July 2024, tourism revenues and expenditures both increased by 9.6% over the same period in 2023. EU tourists' spending in Italy rose by 13%, while Italian spending abroad grew by 7% in EU destinations and 6% in non-EU destinations. (Source: www.bancaditalia.it)