The Eiffel Tower, a landmark in Paris, France, is set to raise its admission fees by approximately 20%.
According to the French daily Le Monde, the Eiffel Tower’s operating company, SETE (Societe d’Explitation de la tour Eiffel), announced it will increase the admission fees from €29.40 (approximately $31) to €35.30 (approximately $37) starting June 17.
Admission fees for teenagers and children will also be increased. The admission fee for teenagers aged 12 to 24 will rise from €14.70 (approximately $16) to €17.70 (approximately $19), and the admission fee for children aged 4 to 11 will rise from €7.40 (approximately $8) to €8.90 (approximately $9.50).
SETE stated, “We decided to raise the admission fees to cover the financial losses incurred during the COVID-19 period and the cost of maintaining the Eiffel Tower, including emission prevention.”
In response to the news of the price increase, some argue that it’s a scheme to capitalize on the expected influx of tourists. Currently, Paris is just two months away from hosting the 2024 Paris Olympics.
Last November, Paris announced it would temporarily double subway fares during the 2024 Paris Olympics. Furthermore, according to Le Monde, hotel rates during the Paris Olympics are expected to be 2.5 times higher than usual, averaging over $500 per night.
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