If you cannot properly view this email click here

Newsletter n. 17

Tourism: strategic sector for Italian economy

The tourist industry is considered as a strategic sector for the national economy especially in these recent years. The evidence in favour of this are the tourist flows with the arrivals growing by 3% (116 million tourists arrived in Italy in 2016 vs. 113 million in 2015) and the attendances growing by 2.6% (403 million overnights registered in 2016 vs. 395 million in 2015), furthermore the increasing value generated by the tourist industry was vital in order to improve the Italian economic system as a whole.

Thanks to the continuous development of the tourist sector, growing by 2.7% compared to 2016, Italy became the sixth most developed country. Foreign and national tourists spent 94 billion euros in 2017 which is equal to 5.5% of national GDP. The services who benefit from tourism are tourist accommodation establishments, restaurants, transports, arts, culture, sports and various entertainments. The spillovers generated are equally and widely distributed across the national economy. In total they produced 223.2 billion euros, which are equal to 13% of national GDP and they created and maintained for years 3.4 million of jobs (14.7% of the total employment rate).

Due to the high diversity of the Italian territory, it is of vital importance to know the tourist dynamics of the big tourist attractors (Milan, Florence, Rome, Naples) in order to understand the trends and the dynamics of the tourist flows. Furthermore, it is necessary to understand how the tourist sector generates positive externalities on the other national industries.

Please click HERE to download the Big Tourism Attractors report

CondHotel, new rules for buildings renewal News
The Condhotel regulations is law (Dpcm in force from March 21, 2018). The US formula concern a hotel management of several apartments ...
Net bank bad debts fell in January New trends
According to Abi, the net non-performing loans recorded in the Italian banks' balance sheets fell to €59.3 bln in January against €64.1 bln in...
Invimit sells former military depot Magazzini and the Piazza d’Armi in Baggio (Milan) Opportunities
Invimit has started the sale procedure of an important development area located on the north-western outskirts of Milan, consisting of a former military depot...
Agenzia delle Entrate: Real estate market keep on growing Market studies
The real estate market is growing for the eleventh consecutive quarter. This is what emerges from the latest data released by...
TH Real Estate makes first logistics acquisition in Italy Deals
TH Real Estate, one of the largest real estate investment managers in the world with $109bn in AUM, has bought a 248,710 sqft logistics...
Copyright© - ICE - Italian Trade Agency - Partita IVA: 12020391004, All rights reserved.

Our mailing address is:
Italian Trade Agency - Via Liszt, 21 - Roma, Rm 00144 - Italy