Hotellerie is the business area that manages hotels for beach tourism,
luxury residences and international resorts through the brands VOIhotels and VRetreats.
Quality, professionalism and Italian style are the main features of all the facilities
in the two collections.

Today, Voihotels is the leading hotel chain in Italy in terms of turnover and includes resorts and
clubs located in some of the most beautiful national holiday resorts, as well as a selection of
international destinations: Sicily, Sardinia, Apulia, Calabria, as well as Cape Verde,
Madagascar, Maldives and Zanzibar. Regardless of their geographical location, each facility
best represents Italian style through all the services offered. Indeed, VOI stands for
Vera Ospitalità Italiana (True Italian Hospitality) and implies a promise of
guaranteed customer experience.

VOIhotels is also a fundamental asset in the tourism chain model: it is in fact a strategic
business for all the Group's other areas, to which it reserves important shares of rooms
sold through the Tour Operating brands. Moreover, its facilities can be marketed both in Italy and
abroad through multiple sales channels.

VRetreats is a collection of historic and prestigious residences and palaces in Italy, located in places characterized by a strong appeal for international tourists, lovers of art, culture, history and luxury, seeking for sophisticated and authentically Italian hospitality, where traditionand style are combined with impeccable service. VRetreats is present in Venice, Rome, Taormina and in the spring of 2023 has expanded its collection by introducing new facilities in Syracuse, Lecce, Olbia, Cervinia and Florence. It is a fast-growing brand, as well as a strategic incomingbusiness for the Group.