locals

CARACAS, Venezuela — At the White House, President Trump vows American intervention in Venezuela will pour billions of dollars into the country’s infrastructure, revive its once-thriving oil industry and eventually deliver a new age of prosperity to the Latin American nation.

Here at a sprawling street market in the capital, though, utility worker Ana Calderón simply wishes she could afford the ingredients to make a pot of soup.

“Food is incredibly expensive,” says Calderón, noting rapidly rising prices that have celery selling for twice as much as just a few weeks ago and two pounds of meat going for more than $10, or 25 times the country’s monthly minimum wage. “Everything is so expensive.”

Venezuelans digesting news of the United States’ brazen capture of former President Nicolás Maduro are hearing grandiose promises of future economic prowess even as they live through the crippling economic realities of today.

“They know that the outlook has significantly changed but they don’t see it yet on the ground. What they’re seeing is repression. They’re seeing a lot of confusion,” says Luisa Palacios, a Venezuelan-born economist and former oil executive who is a research scholar at the Center on Global Energy Policy at Columbia University. “People are hopeful and expecting that things are going to change but that doesn’t mean that things are going to change right now.”

Whatever hope exists over the possibility of U.S. involvement improving Venezuela’s economy is paired with the crushing daily truths most here live. People typically work two, three or more jobs just to survive, and still cupboards and refrigerators are nearly bare. Children go to bed early to avoid the pang of hunger; parents choose between filling a prescription and buying groceries. An estimated eight in 10 people live in poverty.

It has led millions to flee the country for elsewhere.

Those who remain are concentrated in Venezuela’s cities, including its capital, Caracas, where the street market in the Catia neighborhood once was so busy that shoppers bumped into one another and dodged oncoming traffic. But as prices have climbed in recent days, locals have increasingly stayed away from the market stalls, reducing the chaos to a relative hush.

Neila Roa, carrying her 5-month-old baby, sells packs of cigarettes to passersby, having to monitor daily fluctuations in currency to adjust the price.

“Inflation and more inflation and devaluation,” Roa says. “It’s out of control.”

Roa could not believe the news of Maduro’s capture. Now, she wonders what will come of it. She thinks it would take “a miracle” to fix Venezuela’s economy.

“What we don’t know is whether the change is for better or for worse,” she says. “We’re in a state of uncertainty. We have to see how good it can be, and how much it can contribute to our lives.”

Trump has said the U.S. will distribute some of the proceeds from the sale of Venezuelan oil back to its population. But that commitment so far largely appears to be focused on America’s interests in extracting more oil from Venezuela, selling more U.S.-made goods to the country and repairing the electricity grid.

The White House is hosting a meeting Friday with U.S. oil company executives to discuss Venezuela, which the Trump administration has been pressuring to open its vast-but-struggling oil industry more widely to American investment and know-how. In an interview with the New York Times, Trump acknowledged that reviving the country’s oil industry would take years.

“The oil will take a while,” he said.

Venezuela has the world’s largest proven oil reserves. The country’s economy depends on them.

Maduro’s predecessor, the fiery Hugo Chávez, elected in 1998, expanded social services, including housing and education, thanks to the country’s oil bonanza, which generated revenues estimated at some $981 billion between 1999 and 2011 as crude prices soared. But corruption, a decline in oil production and economic policies led to a crisis that became evident in 2012.

Chávez appointed Maduro as his successor before dying of cancer in 2013. The country’s political, social and economic crisis, entangled with plummeting oil production and prices, marked the entirety of Maduro’s presidency. Millions were pushed into poverty. The middle class virtually disappeared. And more than 7.7 million people left their homeland.

Albert Williams, an economist at Nova Southeastern University, says returning the energy sector to its heyday would have a dramatic spillover effect in a country in which oil is the dominant industry, sparking the opening of restaurants, stores and other businesses. What’s unknown, he says, is whether such a revitalization happens, how long it would take and how a government built by Maduro will adjust to the change in power.

“That’s the billion-dollar question,” Williams says. “But if you improve the oil industry, you improve the country.”

The International Monetary Fund estimates Venezuela’s inflation rate is a staggering 682%, the highest of any country for which it has data. That has sent the cost of food beyond what many can afford.

Many public sector workers survive on roughly $160 per month, while the average private sector employee earned about $237 last year. Venezuela’s monthly minimum wage of 130 bolivars, or $0.40, has not increased since 2022, putting it well below the United Nations’ measure of extreme poverty of $2.15 a day.

The currency crisis led Maduro to declare an “economic emergency” in April.

Usha Haley, a Wichita State University economist who studies emerging markets, says for those hurting the most, there is no immediate sign of change.

“Short-term, most Venezuelans will probably not feel any economic relief,” she says. “A single oil sale will not fix the country’s rampant inflation and currency collapse. Jobs, prices and exchange rates will probably not shift quickly.”

In a country that has seen as much strife as Venezuela has in recent years, locals are accustomed to doing what they have to in order to get through the day, so much so that many utter the same expression

“Resolver,” they say in Spanish, or “figure it out,” shorthand for the jury-rigged nature of life here, in which every transaction, from boarding a bus to buying a child’s medicine, involves a delicate calculation.

Here at the market, the smell of fish, fresh onions and car exhaust combine. Calderon, making her way through, faces freshly skyrocketing prices, saying “the difference is huge,” as the country’s official currency has rapidly declined against its unofficial one, the U.S. dollar.

Unable to afford all the ingredients for her soup, she left with a bunch of celery but no meat.

Cano and Sedensky write for the Associated Press. Sedensky reported from New York. AP writer Josh Boak in Washington contributed to this report.

This Swiss train route is often listed among the most beautiful in the world, but the ticket price is unaffordable for many travellers. However, there’s a trick that allows you to see the same sights for much less

There are many stunning train journeys across the world, and luckily, many of them can be found in Europe, with views from unspoilt mountain scenery to stunning coastlines.

Unfortunately, many of these bucket list experiences also come with a hefty price tag, especially if you choose to travel on a vintage train or opt for extras such as afternoon tea or fine dining with champagne.

However, on one route, often considered among the most beautiful in the world, you can enjoy the views without maxing out your credit card, thanks to the local train service.

The Glacier Express is an epic eight-hour train journey that connects the Swiss mountain towns of Zermatt and St. Moritz. It starts at the foot of the Matterhorn, an iconic peak in the Alps, then passes through spectacular scenery that includes lakes, mountains, and over 291 bridges.

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The route was high on the list of Conde Nast’s best train trips in the world, and reviews of the train call it a “once in a lifetime experience”. The Glacier Express has huge panoramic windows, comfortable seats with tables, and an audio guide to point out the highlights of the route, making it an incredible way to see the Alps.

Passengers can also upgrade to Excellence Class for extras such as Champagne on departure, a five-course Alpine meal served at their table, and access to an individual iPad which provides interesting facts and figures along the way for an immersive tour. This carriage also features its own exclusive bar, situated under a gold dome, where passengers can enjoy fine wines and cocktails throughout the journey.

As you can imagine, this kind of experience doesn’t come cheap, and tickets often sell out well in advance. A second-class seat costs around CHF 213 in total, just under £200, while a first-class seat costs CHF 326, just over £300. Excellence Class costs around CHF 812, approximately £761, although this does include your meal with wine accompaniments, plus many extras that add to the experience.

However, the Glacier Express isn’t the only train to run on this line. Railway operator Schweizerische Bundesbahnen (SBB), the national railway company of Switzerland, also runs a regular service which is often used by locals.

This means, if you’re willing to forgo the panoramic windows and plush seats and travel on a normal train, you can enjoy the same route for a fraction of the cost. Tickets can be booked on the SBB website, making it easy to view the available dates and times.

Simply search for trains from Zermatt to St. Moritz, or vice versa, and make sure they’re the ones travelling via Brig and Andermatt. This brings the cost of the journey down to CHF 44 for second class, about £41, or CHF 59 for first class which is about £55, and offers larger seats.

Doing this journey on a normal train will mean making a few changes along the route, so it’s not just one journey. However, some tourists prefer to do the route this way, spreading it out into smaller journeys and stopping to explore the towns along the way. It gives you more flexibility to visit sites along the way, for example, you may wish to leave the train at Brig to hike the Aletsch Glacier, the largest glacier in the Alps.

You could also spend some time in Andermatt, a charming Alpine village with traditional wooden homes set among the mountain landscapes. From here, you can also visit Schöllenen Gorge, crossing the famous stone Devil’s Bridge, which gives you spectacular views across the area.

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And while you won’t see butlers serving Champagne on an SBB train, some of the longer routes have buffet cars serving food and drink. You can also bring your own picnic, and alcohol is allowed, so bring your own bottle to enjoy while taking in the scenery.

Have a story you want to share? Email us at webtravel@reachplc.com

A study has identified the European cities with the highest ratio of tourists to residents, and the top spot didn’t go to London, Barcelona or Paris.

Europe boasts a diverse array of holiday destinations, from sun-drenched beaches and snowy ski resorts to vibrant city breaks in the spring.

Many of these locations have become tourist magnets, drawing millions of international visitors annually. As a result, even some spots once deemed ‘hidden gems’ are now grappling with overtourism.

Albania, a small Balkan nation, exemplifies this trend among European countries experiencing an unprecedented surge in tourism. Last year, Albania welcomed over 7.5 million tourists, with more than 10 million expected next year.

However, it’s not just the lesser-known destinations that are feeling the strain of overcrowding. A study carried out by the Holidu team earlier this year identified cities with the highest ratio of tourists to residents.

While one might expect London, Barcelona or Paris to feature, these renowned capitals didn’t make the list. Instead, a rather unexpected destination claimed the top spot, reports the Express.

10. Tallinn

Estonia’s capital city isn’t on everyone’s travel bucket list, but those who have visited it would say it’s a must-see.

With a beautiful old town branded by some visitors as one of the best in Europe, it makes for a charming summer city break.

Tallinn also boasts a unique Nordic-Eastern European fusion culture and is well-known for being a cruise ship destination. But its popularity, thanks to major sights like the Lahemaa National Park, means it’s become overrun with 10 tourists for every resident, according to Holidu. Those looking for a quieter Estonian break will find plenty to explore beyond Tallinn.

9. Dublin

Unsurprisingly, another major city has snagged a spot in the ranking, this time in the Republic of Ireland. Dublin ranks just inside the top 10, with 11 tourists for every resident, claims Holidu.

Temple Bar is one of the city’s most crowded spots, attracting approximately 3.5 million visits annually. The Guinness Storehouse is another renowned Dublin attraction, but visitors say it’s like a well-oiled machine, and you can beat the queues by booking tickets in advance.

8. Amsterdam

As one of Europe’s top tourist hotspots, Amsterdam has 12 tourists for every resident, which is straining the city’s housing market, local neighbourhoods, and character.

Similar to Prague in the Czech Republic, the city has grown frustrated by the influx of drunken stag parties. A campaign to discourage young Britons, particularly groups of men aged 18-35 from visiting was launched in Dutch capital. Additionally, Amsterdam has implemented one of the world’s highest tourist taxes, which might deter travellers in the future.

7. Heraklion

Crete is the largest island in Greece and the fifth largest in the Mediterranean Sea. While it is home to some incredible remote beaches like Balos, the island’s capital, Heraklion is quite the tourist attraction.

It’s been named one of Europe’s most overcrowded destinations, with 13 tourists for every resident. The city’s archaeological sites are a major attraction, but those seeking tranquillity can find quieter spots elsewhere on the island, particularly in the west near Chania.

6. Florence

This romantic Italian city ranks just outside the top five, with 13 tourists for every resident. Home to several cultural treasures, including Michelangelo’s iconic David statue, Botticelli’s Birth of Venus and Brunelleschi’s dome, Florence is popular among global visitors.

However, concerns over over-tourism have sparked frustration among locals, with some workshop owners reporting that they’ve had to close due to the overwhelming number of visitors.

5. Reykjavik

Reykjavik is another European city impacted by over-tourism, with 16 tourists visiting for every resident. Once considered an unexpected tourist destination, the city now has around 140,000 inhabitants and has around two million visitors yearly.

Reykjavik is Iceland’s capital and has taken steps to combat tourism by reinstating its tourist tax in January after it was paused during the pandemic.

4. Rhodes

A second Greek island on the list proves the appeal of a Mediterranean beach holiday, and Rhodes is even more popular than Crete. Rhodes hosts 21 tourists for every resident but faces a crisis affecting its population and visitors.

Wildfires in 2023 saw the island experience the largest evacuation in Greece’s history, while a surge in tourism has triggered overdevelopment and the accompanying pollution.

3. Bruges

The Belgian city of Bruges has 21 tourists for every resident, making it feel very crowded in the peak summer season and during the Christmas period.

Some locals are frustrated with the high volume of visitors, and tourism officials recommend visiting outside peak times to experience Bruges in a quieter, more relaxed atmosphere. In 2023, more than 8.3 million people visited Bruges, but the city has implemented measures to address over-tourism, including a ban on new hotels in the historic centre and new holiday home permits across the city.

2. Venice

The iconic Italian city hosts 21 tourists for every resident, so it’s no surprise that it’s landed second place on the list. Venice has attracted attention with its daytripper tax and a ban on cruise ships entering its lagoon, but the Italian hotspot remains severely overcrowded-so much so that UNESCO has included it on its list of endangered cities.

As for the local population, Venice has seen numbers decrease dramatically since the 1950s, going from 170,000 residents to less than 50,000 in just 75 years. The exodus has primarily impacted lower- and middle-class residents, youth demographics, and people who rent, according to travel guides at Adventure.com.

1. Dubrovnik

Dubrovnik is crowned Europe’s most overcrowded holiday destination, with 36 tourists for every resident. Known as Croatia’s historic coastal gem, its once quaint cobblestone streets have become plagued by the noise of suitcases being wheeled across them, and the limestone surface has been buffed by thousands of flip-flops and sandals to a marble-like finish.

The Old Town, surrounded by its famous walls, is the busiest part of the city and has become increasingly expensive as it grows in popularity. This means Croatian residents have been priced out of the city at prices far higher than anywhere else.