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Endangered: Popularity with tourists could be Venice's undoing

Endangered: Popularity with tourists could be Venice's undoing

Venetian bind

Earlier this week, the United Nations’ cultural agency, UNESCO, proposed to include Venice and its lagoon on its World Heritage in Danger List. Despite considerable efforts to preserve the ‘City of Canals’ in past years, including banning cruise ships from the center and building deep-underwater sea walls to prevent flooding, UNESCO reported that the government isn’t doing enough to address the issues of “mass tourism, development projects, and climate change.”

Venice, which is spread over 118 small islands, was first designated as a World Heritage site in 1987, though the city’s popularity has meant that it is as vulnerable as it is beautiful. The historical center — spanning just 7 sq km, about 1/18th the size of Central London — welcomes thousands of tourists every day: in 2019, 5.6 million people were drawn to Venice’s waterways, making it the 48th most visited city in the world.

Along with the threat of rising sea levels and erosion of foundational terrain, the crowded city’s high population density means that it’s actually sinking, and fast. Climate scientists have warned that, if sinking continues at the current rate, Venice will be completely submerged by 2100.

Going, going, gondola

The proposal follows a tough few years for Italy’s floating city: in 2019, Venice was hit by $1 billion in flood damage, and the pandemic dealt another blow, decimating the city’s bustling tourist industry, which, before 2020, brought in €2bn a year. Many have objected to UNESCO’s motion, arguing that, although tourism is putting pressure on the city, it’s also a lifeline for the economy. The agency’s recommendation will not be finalized until a vote takes place next month.

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Starbucks sells control of China business for $4 billion

Starbucks disclosed on Monday evening in a regulatory filing that it will sell control of its ailing China business to Boyu Capital for about $4 billion.

Under the agreement, Boyu will own a 60% stake in the China segment, which will become a joint venture between Boyu and Starbucks. The coffee chain will retain a 40% interest in the entity and will continue to own and license the brand and intellectual property.

Bloomberg reported earlier this year that the company was looking to sell its China segment. The American coffee giant has struggled to succeed in China, its second-largest market after the US.

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John Wayne Airport in Orange County tops the list of North America’s favorite airports

Despite a record year of passenger numbers, flight cancellations, and delays, a new survey has revealed that flyers have been increasingly satisfied about their experiences in North American airports. 

According to this year’s North America Airport Satisfaction Study from data analysts at J.D. Power, overall passenger satisfaction scores were up 10 points (on a 1,000-point scale), largely from “improvements in food, beverage and retail and ease of travel through the airport.” The annual survey measures overall traveler satisfaction across the region’s airports in seven categories (in order of importance): ease of travel, level of trust, terminal facilities, airport staff, airport departure experience, food and retail, and airport arrival experience.

Here are the regions favorites:

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