Intesa San Paolo invests 1 billion euros in sustainable tourism

Intesa Sanpaolo renews its support for the relaunch of the tourism sector severely hit by the health crisis through targeted initiatives to accompany hoteliers on the path outlined by the NRP. With the aim of encouraging investments in the direction of sustainable tourism, The first Italian banking group is now making 1 billion euros available to companies in the sector to support them in seizing the challenges and opportunities of change in line with the guidelines indicated by the government agenda and with its implementation phase.

The initiative is part of the broader strategic Italian Motor program launched this year with a ceiling of 50 billion and as the first direct intervention to SMEs in the sector. During 2020, Intesa Sanpaolo supported tourism companies during the most acute phase of the pandemic by activating the suspension of 70,000 loans for an equivalent value of 8 billion euros and disbursing 6 billion euros of new finance through dedicated products.

In this phase of economic recovery and in the light of the resources allocated to the tourism package for 2.4 billion euros which with financial leverage will rise to 6.9 as part of the National Recovery and Resilience Plan, Intesa Sanpaolo stands as fundamental channel of transmission to the SMEs of the incentive system to favor a wide diffusion of the planned investments also in the local area.

The new intervention announced by the first Italian banking group, in line with the push for investments in tourism introduced by the NRP, intends to accompany the SMEs in the sector in the transition mainly along three axes: requalification and increase in the quality standards of accommodation facilities; environmental sustainability of the offer through the renewal of structures and services and digitalisation of the service model. The measures envisaged by Law Decree 43 relating to the measures of the Pnrr Tourism will also be integrated into the initiative.

The two new financing solutions of Intesa Sanpaolo, designed to meet the needs of the sector and contribute to the relaunch of Italian accommodation facilities, are placed within this framework, in line with the new trends in the offer and with the international market. In particular, Suite Loan is designed for tourism businesses that intend to improve their positioning in terms of the quality of their accommodation facility through a mechanism of economic incentives thanks to the reduction of the rate following the sharing of improvement objectives.

Further economic recognition is granted to the company following the achievement of the upgrade in terms of “stars” thanks to the improvement of the structure and services. The second proposal, S-Loan Turismo, aims to incentivize investments aimed at the energy requalification of the hotel structure, with particular attention to environmental impacts. Also in this case, a correlated reward mechanism is envisaged in terms of reducing the cost of the loan and the possibility of combining the SACE Green guarantee at 80%, which allows the duration of the loan to be extended up to 20 years, including 3 years. of pre-amortization.