Rome is called among most popular destinations for investors this year. That is particularly true about luxury hotel segment of the city. In the new report published by HVS, it can be clearly seen that there is increase in transaction activity of luxury hotels in Rome. This increased volume of investment came in time as it may help the city improve its position compared to other markets.
Luxury hotel segment of the Italian capital attracts many foreign investors, primarily from the Middle East. Growing occupancy of hotels in Rome is one of reasons for that growth. Current occupancy of luxury hotels in Rome is 74%, which is not far behind such popular destinations as Paris and London (the average occupancy of these two European capitals in 77%). The city has everything to enjoy future growth, and it’s very popular with visitors from the US, the Middle East, and the Far East. Room rates in Rome’s luxury hotels are also expected to grow in coming years, and that’s one more reason for growing interest from the side of investors. Currently, the average price for luxury hotel rooms in Rome is around 400 euro, while in hotels in London and Paris the average price is 700 and 1000 euro respectively.