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Italy’s Tourism to Generate €3.16 Billion During All Saints Public Holiday

The Italian hotel association, Federalberghi Hotel Group, predicted last Thursday that the last weekend of October would be long and fruitful, with 3.16 billion euros expected to be generated from this weekend alone.

The prediction was based on the fact that Monday, November 1, is a national holiday (Halloween), when ten million Italians are expected to take part in some travel activity, reports.

Moreover, 90 percent of these travelers will stay in Italy – which increases travel and tourism outcomes even further. About 27.7 percent are expected to visit artistic cities, 22.5 percent to mountains and other nature-related tourism sites, and 20.5 percent will choose coastal and coastal sites for their vacation.

However, the remaining ten per cent will visit EU member states and their capitals (63 per cent).

A report recently published by the European Travel Commission (ETC) revealed that the second preferred destination for European citizens for the next trip, after Spain, is Italian destinations, with 9.1 per cent of the 4,149 respondents claiming it.

The same report reveals that Italians are the third EU country planning to travel in the next six months, with 68.3 per cent of 750 participants confirming their travel plans.

Moreover, they were also the second country to claim that the issuance of an EU COVID-19 digital certificate has facilitated travel amid the pandemic, with 65.1 percent in favor of the European Union and 6 percent against it.

Italy joined the EU’s DCC portal in June 2021 in a bid to facilitate travel and simultaneously restore tourism, which has been badly damaged by the ongoing COVID-19 pandemic.

In order to help the Italian tourism sector, last week, a fund of 191.5 billion euros was allocated to the tourism sector in Italy through the Recovery and Resilience Facility, as approved by the Council of Ministers.

The fund is expected to restore the economic and social damage caused by the pandemic and revive two industries important to the Italian economy; Tourism and culture.

The €1 billion fund is part of the National Recovery and Resilience Plan (NRRP) reform package that aims at three strategic areas; Digitization and innovation – which is expected to make Italy a more favorable destination for technology, and environmental transformation, which is expected to make the country more sustainable in economic terms. Moreover, the third area – social inclusion aims to address the social damage caused by the epidemic and in general to address the weakness of the Italian economic structure.

In August, the country’s domestic tourism reached an all-time high, with 23 million Italian tourists revealing that they would spend their holidays in the country, after the release of Green Pass, the Italian version of the EU’s COVID-19 digital certificate.

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