2021: the year of large hotel complexes and luxury hotels

The THRENDS report on hotel projects completed in Italy during 2021.

“The pandemic has highlighted the importance of hotel refurbishments. Making the most of the time gained as a result of the enforced suspension of operations to refurbish hotels has become essential for a portfolio as outdated as Italy’s In Italy, we have seen an extraordinary increase in the number of projects launched in 2020 and 2021 compared with previous years, particularly in the upmarket and luxury market segments. Building on the success of the previous editions in 2019 and 2020, we have renewed our commitment to improving the CapEx database: we now have a total of 264 records relating to fully completed projects, covering the period 2013–2021, as well as a number of projects currently under construction. This is a very substantial database for analysing trends in construction and renovation costs across different market segments, based on building size, type and location within Italy.”