Yellow vests: the events cost about 10 million euros to Parisian hotels



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The images showing scenes of riots on the Champs Elysees on Saturday, November 24 during the demonstration of "Yellow Vests" resulted in cancellations of reservations that cost about 10 million euros to Paris hotels.
"The images broadcast worldwide have caused a number of tourists to cancel their trip," said MKG in a statement, citing "a shortfall on hotel revenue of up to 20% , an estimate of 10 million euros ".

Until then, the hotel industry in Ile-de-France had recorded a performance "remarkable", with attendance up nearly 4.0 points in the first ten months of the year. Thanks to the return of foreign tourists to France, the hotels had "finally found even slightly exceeded" the levels before the attacks of 2015. "The events of November 24 put a" serious blow to the brake tourism in the Paris region, "notes MKG .

The specialized firm estimates between 20,000 and 25,000 the number of nights canceled for the month of December, with peaks during the weekends, especially that of New Year's Eve.

More than 100,000 "yellow vests" gathered Saturday, November 24 in Paris and the province to protest against rising taxes on fuel and purchasing power. These enamelled demonstrations of violence – throwing projectiles, barricades on fire, cars burned, degraded shops – like Dior and Givenchy shops, properties of LVMH – resulted in 150 arrests, including 62 in Paris. Twenty-four people were injured, including five members of the security forces.

A next event is scheduled for Saturday, December 1st.

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