Industry Update
Press Release15 January 2020

Horwath HTL Industry Report: ITALY - Construction & Renovation Costs in Hospitality

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Horwath HTL

With this latest report from Horwath HTL Italy, we shed light on the world of CapEx in Italian Hospitality. The report covers in detail the cost of building, converting and renovating hotels and resorts in Italy. With data collected from over 50 projects over the last five years, the report represents five thousand hotel rooms, worth a collective half a billion Euros.

The data shows that Italy is a very peculiar market for CapEx planning, due to a large number of hotels located in historic buildings. These developments, often in the luxury sector, need a delicate approach to renovation and will usually cost more than greenfield sites. Find out the CapEx associated with the major categories and type of buildings here.

Related Document

Horwath HTL Industry Report: ITALY - Construction & Renovation Costs in Hospitality

With this latest report from Horwath HTL Italy, we shed light on the world of CapEx in Italian Hospitality. The report covers in detail the cost of building, converting and renovating hotels and resorts in Italy. With data collected from over 50 projects over the last five years, the report represents five thousand hotel rooms, worth a collective half a billion Euros. The data shows that Italy is a very peculiar market for CapEx planning, due to a large number of hotels located in historic buildings. These developments, often in the luxury sector, need a delicate approach to renovation and will usually cost more than greenfield sites. Find out the CapEx associated with the major categories and type of buildings here.
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About Horwath HTL

Horwath HTL is the world"s largest hospitality consulting brand with 45 offices across the world providing expert local knowledge. Since 1915 we have been providing impartial, specialist advice to our clients and are recognized as the founders of the Uniform System of Accounts which subsequently has become the industry standard for hospitality accounting. We focus one hundred percent on hotels, tourism and leisure consulting and have successfully completed over 16,000 projects.  If you have any questions, please contact James Chappell, Global Business Director at [email protected].

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