Blake Lively and Leonardo DiCaprio’s Latest Italian Jaunt

Leonardo DiCaprio and Blake Lively

Ciao Pix/INF

06/03/2011 AT 7:30 PM ET

Leonardo DiCaprio and Blake Lively’s romantic Italian frolics continue.

The duo, first spotted looking cozy right after the Cannes Film Festival, haven’t spent much time apart since then.

Before hopping on a boat ride Thursday, as pictured, they arrived in Venice the night before via private jet. A source confirms to PEOPLE that the stars are staying at the five-star Hotel Cipriani.

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