Tag #Holiday Rentals

How did the expectations of landlords and the behavior of pilgrims contribute to the underwhelming performance of the holiday rental market during the Jubilee?

The lower-than-expected tourist influx is attributed to several factors: pilgrims opting for alternative accommodations (convents, hotels outside the city), the death and subsequent papal transition impacting initial projections, and possibly, the pre-Jubilee hype leading some tourists to avoid the city due to anticipated crowds and inflated prices. This situation highlights the challenges of relying on large-scale events to boost local economies, especially in the face of unpredictable external factors.