Il Jubilee It’s up to us, though Roma Months ago there was a new price hike. wave of Price increase It has invested in all sectors, from catering to the real estate market, including B&Bs and hotels.
City officials initially proposed initiatives to control prices, but the price hikes show that the measures taken have the effect of trying to contain a tsunami with an umbrella.
When the Jubilee begins in Rome.
The Holy Year in Rome begins with the opening of the Holy Door of St. Peter’s Basilica in the Vatican by the Pope. The event is scheduled for Tuesday evening at 7 p.m. December 24, 2024. The Jubilee will end on January 6, 2026, when Francis closes the Holy Door.
Speculations for Jubilee
A basic law of economics states that as demand rises, prices rise accordingly. In Rome, however, this is an exaggeration. Several newspapers have already condemned the price hike in the capital ahead of the Jubilee. is the latest. Presswho writes about a A cup of coffee a 4 eurosLike bottled water in the tourist areas of the capital. And it is a battle, the paper writes, between unions talking speculation and sector operators denying data.
Unions charge that the increase affects pilgrims but also those who live in Rome and see their purchasing power shrink.
Assistants The increase in demand will cause overnight minimum costs to skyrocket, the report said. The inn (+51%) and sesame B&B (+27%). The high costs of tourist accommodation spread to Bologna as well as other cities where, for example, Tourist tax It comes to 7 euros per night.
Raise the bar
Consider that from October 2023 to October 2024, Rome saw +12% growth in coffee, tea and cocoa. Having said that, Assoutenti predicts these increases in average bar prices:
- coffee – from 1.10 euros to 1.20 euros (+9%);
- Cappuccino – from 1.33 euros to 1.50 (+12.8%);
- Sandwich – 4.20 euros;
- fast food – 10,25 euros (+10,9%);
- Pizzeria – 10.88 euros to 12.50 euros.
Atac ticket resists.
A single journey ticket on Atac public transport costs 1.50 euros thanks to the additional resources of the area. However, daily and weekly tickets are increasing.
And the price goes up. RomapassIn the 72-hour version, which allows access to museums and public transport: from 52 to 58.50 euros. The 48-hour version also increases: from 32 euros to 36.50. The cost of the ZTL permit for tourist buses has tripled.
The real estate market
In Rome, house prices reacted to the arrival of the Jubilee with an average increase of +0.6% in the first six months of 2024. The highest increase, equal to +2%, was recorded in the city center. A significant increase, equal to +1.8%, also in the areas of Prati, Francia, Policlinico and Paterlata.
The only regions protected from price increases in 2024 are Cassia and Torrevecchia (0%) and San Giovanni and Eastern Rome (-0.1%).
On the rental front, for months landlords have preferred to keep properties vacant in anticipation of the Jubilee “making a splash” with short-term rentals.
How to save
This network was launched to save on food and drinks at the bar. “Friends of the Pilgrim”: Participants in the initiative guarantee controlled prices. Businesses are identifiable by signs posted at the entrance. There are also discounts on a series of exercises and activities through Haji Cardwhich can be requested on the site. register.iubilaeum2025.va/user.
