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Rome's Jubilee: €17 Billion Boost or Overoptimistic Dream?

1/11/2025

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Summary

Story summary

Rome is gearing up for the 2025 Jubilee, anticipating a staggering €17 billion influx from over 30 million pilgrims. Yet, experts caution that these projections might be overly optimistic, with some businesses facing a 60-75% plunge in bookings. Rising housing costs and scarce rentals threaten to overshadow the potential benefits, igniting fears of overtourism and governance challenges.

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Story summary

Rome is gearing up for the 2025 Jubilee, anticipating a staggering €17 billion influx from over 30 million pilgrims. Yet, experts caution that these projections might be overly optimistic, with some businesses facing a 60-75% plunge in bookings. Rising housing costs and scarce rentals threaten to overshadow the potential benefits, igniting fears of overtourism and governance challenges.