While Italy continues to see a record number of international and domestic travelers in 2026, the sector faces a difficult financial reality. The most recent CRIF Observatory study finds that, despite a 7% rise in credit to tourism businesses, the sector's default rate is 4.5%, much higher than the national average for Italian companies (3.3%). The restaurant industry—the country's traditional hospitality sector—has the highest default rate at 5.6%. A particularly distinctive characteristic of the Italian economy is the balance of power with suppliers: just 23.4% of tourism enterprises pay their invoices on time, compared to 42% of businesses in other industries. Furthermore, more than half of restaurant enterprises have accumulated payment delays, a proportion that lowers to roughly 67% among hotel and lodging operators. The supply chain is also significantly impacted by the impact of energy costs for air conditioning and the preservation of raw materials, and it is promptly impacted by the trend in international flights that are designed to attract long-haul customers.