750 Million Euros loss to Paris Tourism Due to Terror Attacks

The recent terror attacks, strikes and floods have majorly affected the  travel industry in  Paris. The downfall in the number of international immigrants during the first half of the year has made travel industry of Paris lost revenues worth 750 million Euros ($849.38 million)

Frederic Valletoux, head of the Paris region tourist board said, “It’s time to realise that the tourism sector is going through an industrial disaster. This is no longer the time for communication campaigns but to set up a relief plan,”

Valletoux said that the French capital needs Massive investments to protect the jobs in travel and tourism sector. In regard to this he  urged the Foreign Minister Jean-Marc Ayrault to meet local tourist officers.

Approximately 5 lakh people are associated with the travel and tourism industry in the province of Île-de-France. Tourism is the biggest industry in the province.

 Economy of France relies heavily on Tourism industry, as it contributes to seven percent of its national gross domestic product (GDP). Ile-de-France region which includes Paris makes up 13 percent to the tourism sector.

The travel and tourism Industry has suffered a massive blow after the gunmen attack in Paris last year during which 130 people were killed. The industry got another hit during the month of july this year when an  IS gunman drove a truck into a gathering of people during the Bastille Day celebrations in the Riviera city of Nice. Strikes opposing labor reforms and floods in June also prevented tourists from entering Paris.

The nightly hotels at Paris-Ile-de-France region in the first half of 2016, observed a decline of 8.5 %.  During the first half of the year  international travelers visiting the region decreased by 11.5 percent whereas a decline of 4.8 percent was observed for French tourists.

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