Venice Eyes tourist entrance fee, advance reservation

As the travel industry grapples with increased demand for travel in the wake of the pandemic, Venice is looking to charge entry fees to travelers in order to limit the number of visitors, according to a Monday August 23 report from CNBC.

Aimed at controlling tourism, the measures, which include requiring travelers to book in advance, pay fees and enter Venice through electronic turnstiles, could begin in summer 2022, according to the report. Registration fees would vary between $ 3.52 and $ 11.73, depending on the season. The charge would not apply to residents, their relatives, children under 6, or people staying at local hotels.

See more : Booking Holdings sees 59% increase in room nights thanks to travelers from US and EU

Venice is not the only city to see an increase in the number of visitors since the start of the pandemic. As PYMNTS reported earlier this month, Booking Holdings’ overnight stays in the second quarter jumped 59% from the first quarter of 2021. The company said the increase was largely due to trends in domestic and international reservations in Europe following an increase in vaccination rates and relaxation of travel restrictions.

The company’s gross travel bookings in the second quarter were $ 22 billion, a peak of 852% from the previous year’s quarter during the early stages of the pandemic.

Even with pent-up travel demand, air travel has been slower to rebound. In May 2021, air travel was down more than 60% from May 2019, PYMNTS reported. International demand in May 2021 was more than 85% lower than in May 2019.

Read more: Air travel increases in May but remains below pre-pandemic levels

Although travelers exercise caution when traveling abroad, Venice has welcomed as many as 80,000 visitors a day, according to CNBC. Large crowds contributed to traffic congestion on its narrow roads and waterways.

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NEW PYMNTS DATA: 58% OF MULTINATIONAL COMPANIES USE CRYPTO-CURRENCY

On: Despite price volatility and regulatory uncertainty, a new study from PYMNTS shows that 58% of multinational companies are already using at least one form of cryptocurrency, especially when transferring funds across borders. The new Cryptocurrency, Blockchain and Global Business survey, a PYMNTS and Circle collaboration, polling 500 executives examines the potential and pitfalls that crypto faces as it becomes part of the mainstream financial sector.

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