Following the appalling terrorist attacks which took place in Paris on 13th November 2015, France’s economy has taken a noticeable hit. The city is one of the world’s most visited destinations and the country is heavily dependent on tourists in order to sustain a growing economy. It seems that those tourists are now thinking twice about visiting the French capital.
The most affected areas were identified as the restaurant and hospitality sectors. As some of Paris’s liveliest restaurant spots were hit during the attacks, people are clearly in fear of eating outdoors with spending habits reported to have changed and a suggestion that many are instead choosing to dine in.
According to the Chamber of Commerce and Industry, sales for Paris hotels dropped by half the week after the attacks as many tourists decided to cancel their reservations and conferences. The French hospitality industry MKG stated that the occupancy rate at Paris hotels fell 21% on the Saturday following the attacks and were likely to continue falling, which is more than the 3% drop recorded the two days following the January attacks.