Italy Hotels Investment Figures, Q3 2026

Italian hotel bednights rose 15% year-on-year over the first seven months of 2026, driven by international visitors, whose growth outpaced that of domestic travellers. In the main tourist cities, RevPAR is up on the previous year, while occupancy is stable, at levels fully recovered to pre-pandemic highs.

In Q3 2026, hotel investment totalled €815 million, making Hotels the leading asset class by volume in the quarter and up on the same period of 2025. Activity is supported by investors pursuing value-add and core strategies, while the prime yield is unchanged year-on-year. Several transactions at an advanced stage are expected to complete by year-end.