Coronavirus hits Rome's tourism industry

EPA-EFE/ANGELO CARCONI
Tourists shelter from the rain under an umbrella near the Colosseum in Rome, Italy, 27 December 2017.

- Advertisement -

The impact of COVID-19 to the tourism section has cost up to €1.5 billion losses in Rome and the broader region of Lazio, according to Stefano Fiori, President of the tourism section of the union of industries and enterprises, Unindustria.
Fiori asserted that Coronavirus cases in Italy are on the rise with the consequences to the economy of Rome being evident, ranging from the cancellation of about a million events in the region to the cancellation of hotel reservations and trips.
The Italian daily newspaper Corriere della Sera reported that Rome restaurants alone are losing €3 million a day while thousands of jobs are at risk. 
Luciano Sbraga, head of the Italian Federation of Public Exercises, Fipe Confcommercio, said that ‘‘We lose at least €3 million a day due to the tourism crisis, not just the Chinese one. There is also an impact to traditional restaurants, because people go out less.’’
The cancellations of arrivals at Rome reached 90% in March, while bookings are down 60% up to June, said Ernesto Mazzi, President of the Association of Tourism Companies Fiavet Lazio.
According to Valter Giammaria, President of the business association Confesercenti Nazionali, today there is a 25-30% drop in trade revenues, while hotels are 30-40% under the seasonal reservations. Moreover, traffic has decreased with the fuel sales falling by 30-35%.
Roma mayor Virginia Raggi expressed her understanding for the alarm raised by the tourism associations, saying that this shouldn’t go unnoticed and that a meeting with stakeholders will be held in the coming days.

- Advertisement -

Subscribe to our newsletter

Latest

The Biden administration’s parting gift to Russia: Still more sanctions

Clearly working overtime to underscore the Biden administration’s desire...

Undeclared “open season” on energy infrastructure in Europe

Russia is claiming it has shot down nine Ukrainian...

Insights from the recent UN-Turkmenistan Dialogue on the International Year of Peace and Trust

The modern world stands at a crossroads, facing unprecedented...

Stock Market or Not Market

So, what is a market? Obviously, it is somewhere...

Don't miss

The Biden administration’s parting gift to Russia: Still more sanctions

Clearly working overtime to underscore the Biden administration’s desire...

Undeclared “open season” on energy infrastructure in Europe

Russia is claiming it has shot down nine Ukrainian...

Insights from the recent UN-Turkmenistan Dialogue on the International Year of Peace and Trust

The modern world stands at a crossroads, facing unprecedented...

Stock Market or Not Market

So, what is a market? Obviously, it is somewhere...

The Biden administration’s parting gift to Russia: Still more sanctions

Clearly working overtime to underscore the Biden administration’s desire to inflict maximum economic pain on Moscow and its coterie of Ukraine invasion supporters outside...

Insights from the recent UN-Turkmenistan Dialogue on the International Year of Peace and Trust

The modern world stands at a crossroads, facing unprecedented challenges that range from political conflicts to environmental crises. At the heart of these issues...

Stock Market or Not Market

So, what is a market? Obviously, it is somewhere where you can buy and sell “stuff.” In a successful economy having a market to...

Stringent new energy sector sanctions on Russia announced

On January 10, the U.S. Government released a massive new listing of over 200 entities and individuals involved in Russia’s energy sector for Ukraine-related...

Tokayev: Kazakhstan strengthens foreign policy, economic potential

Kazakhstan’s President Kassym-Jomart Tokayev said his primary goal is to strengthen the economic potential, sovereignty, and international standing of his Central Asian country. Since...

Transforming Central Asia from a frontier market to a stable investment

Central Asia is considered a frontier market. However, at least two of the five countries that constitute this region, namely Kazakhstan and Uzbekistan, are...

EU searches for alternatives before Russian gas to Europe via Ukraine stops

The Ukrainian government has repeatedly stated that it will not extend a transit agreement, which has provided political, commercial, technical and legal grounds for...

OPEC+ postpones plans to increase production over supply unease

The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, known collectively as OPEC+, decided on December 5 to delay its planned...