Investor Presentaiton

THE GERMAN TOURISTS IN ITALY... Germany is the first source market for Italian tourism with 58.7 million nights (+0.1% vs 2018). Preferred Italian regions: Trentino Alto Adige, 19 million nights, i.e. 32.6% of total - Veneto,16 million nights, i.e. 27.4% of total - • Lombardia, 5.2 million nights, i.e. 8.8% of total These regions together make 69% of total. Preferred accommodation: Hotel, 53.6% of the total (31.5 million nights in 2019 from Germany, i.e. -1.8% vs 2018). The segment,,extra alberghiero" makes 46.4% of the total nights (27.2 million, i.e. +2.4% vs 2018). Ufficio Studi ENIT on data Banca d'Italia -2019 İTALİA NATIONAL TOURIST BOARD ITALIA=

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