Paris’s Eiffel Tower ticket price increased by 20 percent to meet the maintenance cost
Times of IndiaTIMESOFINDIA.COM/TRAVEL TRENDS, PARIS/ Created : Jun 23, 2024, 12:30 IST
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Synopsis
Eiffel Tower in Paris raises ticket prices by 20% to €35 due to maintenance cost increase.
Eiffel Tower in Paris raises ticket prices by 20% to €35 due to maintenance cost increase. Read less
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The decision comes amidst financial turbulence created by long shutdowns 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 challenges. Unionized staff halted operations earlier in December 2023, coinciding with the centenary of Gustave Eiffel's death.
Compounding financial pressures are escalating maintenance costs, exceeding €130 million, created by delays in critical refurbishment projects. Originally, Gustave Eiffel mandated the tower's repainting every seven years to preserve its structural integrity. However, the 20th repainting cycle commenced in 2020, eleven years overdue, due to funding and logistical challenges.
As SETE and Paris City Hall face these challenges, the recent price hike aims to aid financial resilience while ensuring that future generations can continue to marvel at this enduring symbol of engineering prowess and artistic grandeur.
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Also, Paris is all set to host Paris Olympics 2024. The 2024 Summer Olympics, formally titled the Games of the XXXIII Olympiad and widely referred to as Paris 2024, are set to be held as a global multi-sport event from July 26 to August 11.
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