Tourism: tools for relaunch and renewed commitment with Federalberghi

Intesa Sanpaolo is further strengthening its commitment to the tourism sector, for which it has disbursed over €8 billion since 2020, working with Federalberghi to focus on revitalising and developing accommodation facilities, with particular attention to the aspects of sustainability and innovation.

In fact, tourism is one of the great accelerators of Italy's post-Covid recovery and central to the country's economy. Yet, in order to remain strong, it needs structured investment plans to raise the quality of accommodation and services, in the green and sustainability spheres – viewed particularly favourably by international customers, who are increasingly sensitive to these aspects.

Intesa Sanpaolo, which has set aside €10billion of new credit to redevelop accommodation facilities, is making a number of dedicated instruments available, such as:

  • S-Loan Progetti Green, a new financing solution with a duration of up to 20 years, on subsidised terms, for all environmental and energy-related business needs
  • Suite Loan, a loan that rewards companies that invest in the improvement of accommodation facilities, in addition to offering equipment rental solutions through its own company, RentforYou.  More than 1,000 of the bank's customers have already taken out loans of over €1 billion
  • Tools in support of digitalisation, with a focus on data management and cyber security, in view of their relevance to customer service and the protection of sensitive information
  • Specialist desk dedicated to tourism, for dedicated advice on accessing NRRP measures such as the Tourism Revolving Fund, for which Intesa Sanpaolo has covered around 25% of the applications submitted
  • IncentNow, a free platform providing information to customers on NRRP calls for applications: more than 15,000 Intesa Sanpaolo customers have received an NRRP public facility.

Additional opportunities for businesses in the tourism sector are available thanks to the Tourism Thematic Fund – administered and controlled by Italy's Ministry of Tourism – and Equiter, a subsidiary of Intesa Sanpaolo and recipient of €189.2 million of the €350 million made available by the Fund. The Fund's projects include:

  • investments in the creation, renovation, modernisation and improvement of accommodation facilities and infrastructure for tourism, as well as investments in sustainable tourism, related to the green transition or in mobility for environmentally sustainable tourism
  • financing for investment relating to working capital needs, as well as for the acquisition of qualified minority interests with a predefined exit strategy projected within a maximum period of 20 years.

Tourism: among the great accelerators of Italy's post-Covid recovery