As the travel industry grapples with an increased demand in travel in the wake of the pandemic, Venice is looking to charge an entry fee for travelers as a way to limit the number of visitors, according to a Monday (Aug. 23) report from CNBC.
Aimed at controlling tourism, the measures, which include requiring travelers to book ahead of time, pay a fee and enter Venice through electronic turnstiles could begin in the summer of 2022, according to the report. Entry fees would range between $3.52 and $11.73, depending to the season. Fees would not apply to residents, their relatives, children under age 6 or people staying in local hotels.
See more: Booking Holdings Sees 59 Pct Hike In Room Nights Driven By US, EU Travelers
Venice is not the only city seeing an increase in visitors since the start of the pandemic. As PYMNTS reported earlier this month, Booking Holdings’ second-quarter room nights jumped 59 percent as compared to the first quarter of 2021. The company said the increase was driven in large part by the domestic and international booking trends in Europe following an increase in vaccination rates and loosening of travel restrictions.
The company’s second-quarter gross travel bookings were $22 billion — a spike of 852 percent from the prior-year quarter during the early stages of the pandemic.
Even with pent-up demand for travel, air travel has been slower to rebound. In May 2021 air travel was down more than 60 percent as compared to May 2019, PYMNTS reported. International demand in May 2021 was more than 85 percent lower compared to May 2019.
Read more: Air Travel Up In May But Still Below Pre-Pandemic Levels
Despite travelers exercising caution when flying internationally, Venice has seen up to 80,000 visitors per day, according to CNBC. Large crowds have contributed to traffic congestion on its narrow roads and waterways.
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NEW PYMNTS DATA: 58 PERCENT OF MULTINATIONAL FIRMS ARE USING CRYPTOCURRENCY
About: In spite of their price volatility and regulatory uncertainty, new PYMNTS research shows that 58 percent of multinational firms are already using at least one form of cryptocurrency — especially when moving funds across borders. The new Cryptocurrency, Blockchain and Global Business survey, a PYMNTS and Circle collaboration, polls 500 executives looks at the potential and the pitfalls facing crypto as it moves into the financial mainstream.
Because the journey trade grapples with an elevated demand in journey within the wake of the pandemic, Venice is trying to cost an entry charge for vacationers as a method to restrict the variety of guests, in response to a Monday (Aug. 23) report from CNBC.
Aimed toward controlling tourism, the measures, which embrace requiring vacationers to guide forward of time, pay a charge and enter Venice by digital turnstiles may start in the summertime of 2022, in response to the report. Entry charges would vary between $3.52 and $11.73, relying to the season. Charges wouldn’t apply to residents, their relations, kids beneath age 6 or folks staying in native inns.
See extra: Reserving Holdings Sees 59 Pct Hike In Room Nights Pushed By US, EU Vacationers
Venice is just not the one metropolis seeing a rise in guests for the reason that begin of the pandemic. As PYMNTS reported earlier this month, Reserving Holdings’ second-quarter room nights jumped 59 p.c as in comparison with the primary quarter of 2021. The corporate mentioned the rise was pushed largely by the home and worldwide reserving developments in Europe following a rise in vaccination charges and loosening of journey restrictions.
The corporate’s second-quarter gross journey bookings have been $22 billion — a spike of 852 p.c from the prior-year quarter through the early levels of the pandemic.
Even with pent-up demand for journey, air journey has been slower to rebound. In Might 2021 air journey was down greater than 60 p.c as in comparison with Might 2019, PYMNTS reported. Worldwide demand in Might 2021 was greater than 85 p.c decrease in comparison with Might 2019.
Learn extra: Air Journey Up In Might However Nonetheless Beneath Pre-Pandemic Ranges
Regardless of vacationers exercising warning when flying internationally, Venice has seen as much as 80,000 guests per day, in response to CNBC. Massive crowds have contributed to visitors congestion on its slim roads and waterways.
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NEW PYMNTS DATA: 58 PERCENT OF MULTINATIONAL FIRMS ARE USING CRYPTOCURRENCY
About: Regardless of their worth volatility and regulatory uncertainty, new PYMNTS analysis exhibits that 58 p.c of multinational companies are already utilizing at the least one type of cryptocurrency — particularly when transferring funds throughout borders. The brand new Cryptocurrency, Blockchain and International Enterprise survey, a PYMNTS and Circle collaboration, polls 500 executives appears on the potential and the pitfalls going through crypto because it strikes into the monetary mainstream.
