The Impact Of Coronavirus To Venice On ADR And Occupancy Rate
Venice is widely known for the crushing crowds of tourists. The seasonal events that take place on this historical city, such as the Venice Architecture Biennale or the Venice Carnival, have placed it to one of the most sought-after destinations. However, its tourism industry has significantly suffered over the past 3 months. The exceptionally high tides, which further resulted in the flooding in November, led to mass reservation cancellations dropping significantly the anticipated average daily rate as well as the occupancy rate on the hotels.