Post by zahidislam on Mar 10, 2024 8:21:39 GMT
A Confindustria report on the third quarter of 2022 once again illustrates the difficulties of the tourism supply chain. The high cost of energy, inflation, the growing cost of raw materials and the lack of personnel among operators in the sector end up in the dock. What are the forecasts for the next period? Let's find out together. Fears and worries: the difficult autumn for hoteliers In the section dedicated to the tourism sector within the report "Is the Italian economy still resilient to uncertainty and shocks?" , in reference to the third quarter of this year, the Confindustria Study Center denotes a situation in the sector that is clearly recovering compared to the last two years, but not yet sufficient to match the glories of 2019. In autumn and winter the situation is not expected to improve.
Confindustria speaks of "signs of pessimism for the Australia Phone Number autumn, also due to the disproportionate rises in energy prices" which are already pushing some hotels towards forced closure. In fact, for many of them, closing is already more convenient than staying open . In this regard, the Confindustria report (taken from La Repubblica ) reports a net doubling of the incidence of energy costs compared to production costs, rising from 6% to 12%/13% as regards the hotel and of catering. The increase is even higher than 4% when compared with the average increase in costs recorded by the Italian economy as a whole. Once the earnings resulting from the good summer season are over , how will hoteliers cope with these expenses? Istat has taken care of certifying the climate of mistrust that spreads among tourism-oriented businesses. The national statistics institute has in fact revealed how much the climate of confidence among businesses involved in tourism has decreased: from 119.0 points recorded in August we dropped to 108.6 points in September, thus reaching the lowest value recorded in the last five months. However, it is not just energy-related costs that are holding back the tourism sector's recovery ambitions.
The other obstacles to recovery Also affecting the economic recovery of the sector, defined by Confindustria as "so crucial for the growth prospects of the entire Italian economic system" , is heavy inflation , which will discourage a large part of travelers from leaving in the next period. There is a final factor further slowing down demand, highlighted by the World Travel and Tourism Council (WTTC): the shortage of staff , which many hospitality entrepreneurs have complained about in recent times. The employees working in this sector who were furloughed during the pandemic - when they were not fired - are now, in most cases, employed in other sectors. Despite the growing demand for employment in recent months, the supply of the workforce has been scarce, also due to a decrease in immigration, resulting in turn from a lower mobility of people. Between energy costs, galloping inflation and a lack of staff, hoteliers are preparing to face the autumn and winter in a situation of uncertainty. Continue to follow us to stay updated on all developments.
Confindustria speaks of "signs of pessimism for the Australia Phone Number autumn, also due to the disproportionate rises in energy prices" which are already pushing some hotels towards forced closure. In fact, for many of them, closing is already more convenient than staying open . In this regard, the Confindustria report (taken from La Repubblica ) reports a net doubling of the incidence of energy costs compared to production costs, rising from 6% to 12%/13% as regards the hotel and of catering. The increase is even higher than 4% when compared with the average increase in costs recorded by the Italian economy as a whole. Once the earnings resulting from the good summer season are over , how will hoteliers cope with these expenses? Istat has taken care of certifying the climate of mistrust that spreads among tourism-oriented businesses. The national statistics institute has in fact revealed how much the climate of confidence among businesses involved in tourism has decreased: from 119.0 points recorded in August we dropped to 108.6 points in September, thus reaching the lowest value recorded in the last five months. However, it is not just energy-related costs that are holding back the tourism sector's recovery ambitions.
The other obstacles to recovery Also affecting the economic recovery of the sector, defined by Confindustria as "so crucial for the growth prospects of the entire Italian economic system" , is heavy inflation , which will discourage a large part of travelers from leaving in the next period. There is a final factor further slowing down demand, highlighted by the World Travel and Tourism Council (WTTC): the shortage of staff , which many hospitality entrepreneurs have complained about in recent times. The employees working in this sector who were furloughed during the pandemic - when they were not fired - are now, in most cases, employed in other sectors. Despite the growing demand for employment in recent months, the supply of the workforce has been scarce, also due to a decrease in immigration, resulting in turn from a lower mobility of people. Between energy costs, galloping inflation and a lack of staff, hoteliers are preparing to face the autumn and winter in a situation of uncertainty. Continue to follow us to stay updated on all developments.