Amsterdam's NXT Museum has filed for bankruptcy, citing significant debts from the COVID-19 pandemic and ongoing financial pressure on the cultural sector. The museum plans to remain open until December 19 while management explores options for a potential restart and new partnerships.
Based on reporting by rss. Translated and condensed by LocalHeadlines.
The Dutch retail chain HEMA is celebrating its 100th anniversary since opening its first store in Amsterdam in 1926. The company, known for its household goods and the popular rookworst sandwich, has evolved over the century to serve a diverse range of customers.
Amsterdam's cultural sector is voicing strong opposition to rising tourist taxes and VAT increases, which are blamed for a significant drop in international museum attendance. The Rembrandthuis is among the institutions facing financial strain due to these policies and a negative shift in public attitude toward visitors.
Amsterdam's cultural sector, including major events like IDFA, ADE, and the Holland Festival, is struggling due to rising tourist taxes and hotel VAT. These increased costs are forcing organizers to raise ticket prices and reduce programming, threatening the accessibility and quality of the city's cultural offerings.
Economists from De Nederlandsche Bank have linked a series of ten concerts by Harry Styles in Amsterdam to a rise in Dutch inflation during May. The high demand from international fans led to a significant surge in hotel and ticket prices, marking an unusual impact on the national economy.
Amsterdam is currently hosting the 30th edition of the Amsterdam Dance Event (ADE), which is expected to draw over 650,000 visitors to more than 1,300 performances throughout the city. The influx of international guests has led to a sharp increase in local hotel prices, prompting many attendees to seek accommodation in nearby cities like Haarlem.
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