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French Tourism Tumbles 10% On Average Following Terrorist Attacks
08-10-2016, 03:20 AM,
#1
French Tourism Tumbles 10% On Average Following Terrorist Attacks
French Tourism Tumbles 10% On Average Following Terrorist Attacks

<p><a href="https://mishtalk.com/2016/08/09/french-tourism-down-10-on-average-following-terrorist-attacks/"><em>Submitted by Michael Shedlock via MishTalk.com,</em></a></p>
<p>Want to know how much European tourism declined in the wake of terrorist attacks?</p>
<p>Today, a translated Le Monde (The World) headline reads<em> &ldquo;<a href="http://www.lemonde.fr/economie-francaise/article/2016/08/08/apres-les-attentats-les-touristes-etrangers-delaissent-la-france_4979989_1656968.html" target="_blank">After the Attacks, Foreign Tourists Leave France</a>&ldquo;.</em></p>
<p>In the first six months of the year, <strong>the number of overnight stays of foreign tourists in France fell by an average of 10%, due to concerns over the attacks,</strong> said Secretary of State for tourism promotion, Matthias Fekl, in an interview with the Sunday newspaper.</p>
<p><strong>Decline in Numbers</strong></p>
<ul>
<li>In Paris, the hotel occupancy fell by 9.8 points to 78.1% in July compared to last year, according to figures from the Economic Observatory of Paris tourism.</li>
<li><strong>Airline reservations for American tourists declined by 19.2%</strong> between 25 and 31 July, while they were up 14% between June 27 and July 3.</li>
<li>Airline reservations of the British fell 23% last week of July, under the combined effect of the attacks, the Brexit and the fall of the pound, according to Thomas Deschamps, economic and Observatory Paris tourism statistics.</li>
<li><strong>The festival of Bayonne posted a decline in attendance of 20%.</strong></li>
<li>The Loire castles, one of the most visited castles in France, experienced a general decline in attendance of 6%, but a fall of 20% for Japanese customers, according to its CEO Jean d&rsquo;Haussonville, quoted in Le Parisien last week.</li>
<li>The firm <em>Protourisme</em> estimates convention cancellations and works council bookings related to <strong>business tourism will be down 5% to 10% in September compared to last year.</strong></li>
</ul>
<p><strong>Overall French hotel occupancy has fallen between 5 and 10% YoY...</strong></p>
<p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/08/07/20160809_france1.jpg"><img height="295" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/08/07/20160809_france1_0.jpg" width="600" /></a></p>
<p>&nbsp;</p>
<p><strong>And French RevPar has now tumbled 10 straight months...</strong></p>
<p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/08/07/20160809_france.jpg"><img height="310" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/08/07/20160809_france_0.jpg" width="600" /></a></p>
<p>&nbsp;</p>
<p>Les Miserables, indeed!</p>


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