Main Photo: The new company logo
Date: July 2019
Name: AG Group
No. of Keys: TBA
Owner: The announcement has just been made: AG Group is the product of the merger between brands founded by a single entrepreneur, Andrea Girolami.
The merger of five Italian brands gives rise to the first tourism group in Italy offering all kinds of services: hotels, host agencies , consulting, F&B and retirement homes.
The companies RSI – Italy Boutique Journey (2000), Italy Hotels Collection (2011), MAG Hotels (2015) and Diana’s Place (2017), will be re-organised and transformed to become the entities of the new group.
The goal of this merger, which has led to full re-branding, is to make the services offer clearer by allowing a single entry portal for tourism in Italy.
The group, which employs 250, includes five business units:
AG Hotels: collection of five upscale hotels (a sixth will open in September 2019 and a seventh in the fall).
AG Boutique Journey: DMC, Tour Operator, Event Management & Wedding planner, specialising in the luxury market.
AG Hotel Consulting: revenue consulting agency with a portfolio of 30 hotels
AG Foodies: AG Foodies, Bistros in Rome city centre as well as two AG Hotels, plus the one very soon to open in Florence where menus are creatively managed and directed by the Michelin star chef Andrea Fusco
AG Domus Nova: Retirement Home project, a new service to respond to the demand for hospitality for the third age.
Moreover, the chain supply is developing on both the economy and the upscale segment, as is currently the case with AG Group, which is following a fundamental trend.
THPT Comment: Italy is characterised by a hotel supply that is essentially independent. This market, representing a total of 30,443 properties for 1.01 million rooms, has a very weak penetration rate for major hotel chains – 9.3% in 2018 for 804 hotels or 94,288 rooms (source: MKG Consulting).
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