Ticket prices for the Eiffel Tower in Paris have risen by 20 percent to cover maintenance costs
24.06.2024 France ParisThe Eiffel Tower   15
Ticket prices for the Eiffel Tower in Paris have risen by 20 percent to cover maintenance costs

In an effort to cover the costs of maintaining the Eiffel Tower in Paris, the ticket price was significantly increased. This magnificent 330m high monument is one of the most visited monuments in the world and attracts millions of people every year. But unfortunately, the cost of maintaining the tower has reached unprecedented levels, leading to a recent adjustment in ticket prices.

Those who visit the Eiffel Tower in Paris will now therefore have to pay an entrance fee of 35 euros, which is 20% more than the previous fee of 29.10 euros. The price increase applies to all ticket types and is intended to stabilize the financial health of the Société d'Exploitation de la Tour Eiffel (SETE), the government organization that runs the iconic attraction.

The decision comes amid financial turmoil caused by extended downtime during the COVID-19 pandemic, which impacted SETE's revenue streams. The tower's closure in February due to a labor dispute underscored deeper economic problems. The union members ceased their activities earlier in December 2023, coinciding with the centenary of the death of Gustave Eiffel.

Despite these problems, the Eiffel Tower continues to attract tourists from around the world. A record 6.3 million people visited the monument in 2023, the highest number since 2015. However, SETE, predominantly owned by the city of Paris, faces a staggering financial deficit, with revenues falling fourfold to €25 million in 2020 from €99 million the previous year.

Financial pressure is compounded by rising maintenance costs, which exceed €130 million, caused by delays in critical renovation projects. Gustave Eiffel originally ordered the tower to be repainted every seven years to maintain its structural integrity. However, the 20th cycle of repainting began in 2020 eleven years late due to problems with financing and logistics.

As SETE and the Paris City Hall face these problems, recent price increases aim to increase financial sustainability, while ensuring that future generations can continue to admire this enduring symbol of engineering excellence and artistic greatness.

In addition, Paris is poised to host the 2024 Paris Olympic Games. The 2024 Summer Olympics, officially called the Games of the XXXIII Olympiad and popularly known as "Paris 2024", will be held as a global multi-sport event from July 26 to August 11.

Source: timesofindia

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