Spain’s tourism sector in 2023 exceeded all initial expectations and surpassed the high levels achieved in the 2019 season before the pandemic, both in nominal expenditure and real terms. This achievement is particularly remarkable considering the context of high inflation, with tourism prices nearly 18% higher than in 2019.

Italy continues to rank in the top three EU countries visited by international travellers and consequently this popularity combined with strong ADR and RevPAR is attracting the attention of global brands and investors seeking opportunities, especially in the luxury segment. The Global Asset Solutions Italian Hotel Market Outlook 2023 details performance by market and segment, transaction volume, future openings, deal analysis and future activity and trends. An important tool for current or prospective investors in the Italian hotel market.