From urban to city destinations, Italy was the best performing overall destination post-pandemic, generating unprecedented demand levels in the summer of 2022. Rome had a stellar summer and fall in 2022, but strong performance has continued into winter and even the first two months of this year, which, traditionally, are slower.
In the Fall 2022, Milan made a strong come-back rates reaching pre-pandemic levels. Fashion Weeks, Salone del Mobile and major corporate events have all boosted Milans’s rebound as one of Europe’s major hubs. A wealth of new luxury hotel openings is boosting Italy’s performance as a luxury player.
Rome has no less than six new luxury hotel openings, including Bulgari Hotel Rome (Sumer 2023), Six Senses Rome (2023) and Palazzo Roma – Fall 2023 (Shedir Collection), Intercontinental Rome Ambasciatori (2023) Soho House Rome (2023), The Rome EDITION (2023). In 2024, Rome will welcome Rosewood Hotel Rome, Nobu Hotel, Four Seasons and Orient Express.
In 2022, Milan saw the openings of Portrait Milan (Ferragamo Family), Cipriani Milan, Casa Baglioni and VMaison. In 2024, two new W Hotels and a Gran Melia Milan (Palazzo Venezia – Duomo) are announced to open in Milan. In 2022, Park Hyatt Milan underwent a major renovation, which included both public spaces, F&B and accommodations. Bulgari Hotel Milan also introduced several novelties and so did Four Seasons Hotel Milan.
After an in-depth overview of Milan in February 2023, CPP has concluded on a ranking of the top luxury hotels:
- Bulgari Hotel Milan remains the absolute leader of Milan’s luxury hotel sector (impeccable product, flawless service, exceptional food and state-of-the-art wellness)
- Park Hyatt Milan has regained its positioned among Milan’s finest top 3 luxury hotels – full renovation of the hotel will be completed in 2023
- Principe di Savoia (Dorchester Collection) is the primary choice for those seeking a more classical experience; the hotel has some of the finest signature suites in Milan
- Grand Hotel et de Milan ranks closely to Principe di Savoia Milan, with a unique location at the heart of Milan and some exquisite signature suite, of which some were renovated during the pandemic
- Four Seasons Hotel Milan still makes it to top 5 of Milan’s luxury hotel sector, although some accommodations were more ”refreshed” than renovated
- Portrait Milano – Ferragamo Family – has had a good start with its F&B, but rooms and suites are not yet up to the calibre of the house of Ferragamo (interior design is strikingly similar with at least 5 other luxury hotels signed by the same architect)
CPP’s ranking as of February 2023
- Bulgari Hotel Milan
- Park Hyatt Milan
- Principe di Savoia
- Grand Hotel et de Milan
- Four Seasons Hotel Milan
VMaison, Viu Milan, Galleria Vik and Palazzo Cornalia are highly overrated five star hotel properties in Milan which CPP does not recommend in Milan. Portrait Milan (Ferragamo family) will be re-evaluated later in 2023, to possibly be included in this ranking.
Mandarin Oriental Milan, Cipriani Milan and Casa Baglioni do not accept media stays, so we are unable to review the three properties. In the case of Casa Cipriani and Casa Baglioni which opened late 2022, it could be the properties are not yet ready to be reviewed by expert luxury travel media.
Comprehensive reviews of Milan’s finest luxury hotel are coming up gradually, one by one, in March 2023. Watch out for these reviews in the REVIEW section
Bulgari Hotel Milan – renovated suite
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