After a quiescence period of about 10 years, the classical EXor source V1118 Ori has undergone an accretion outburst in 2015 September. The maximum brightness (DV > 4 mag) was reached in 2015 December and was maintained for several months. Since 2016 September, the source is in a declining phase. Photometry and low/ high-resolution spectroscopy were obtained with MODS and LUCI2 at the {it Large Binocular Telescope}, with the facilities at the Asiago 1.22 and 1.82 m telescopes, and with GIANO at the {it Telescopio Nazionale Galileo}. The spectra are dominated by emission lines of hi and neutral metallic species. From line and continuum analysis we derive the mass accretion rate and its evolution during the outburst. Considering that extinction may vary between 1.5 and 2.9 mag, we obtain m_acc= 0.3$-$2.0 10$^{-8}$ m_sun/yr, in quiescence and m_acc= 0.2$-$1.9 10$^{-6}$ m_sun/yr, at the outburst peak. The Balmer decrement shape has been interpreted by means of line excitation models, finding that from quiescence to outburst peak, the electron density has increased from $sim$ 2 10$^9$ cm$^{-3}$ to $sim$ 4 10$^{11}$ cm$^{-3}$. The profiles of the metallic lines are symmetric and narrower than 100 km s$^{-1}$, while hi, and hei,,lines show prominent wings extending up to $pm$ 500 km s$^{-1}$. The metallic lines likely originate at the base of the accretion columns, where neutrals are efficiently shielded against the ionizing photons, while faster ionized gas is closer to the star. Outflowing activity is testified by the detection of a variable P Cyg-like profile of the H$alpha$ and hei, 1.08,$mu$m lines.
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