After months of terrorist attacks across France, the economy of Paris has lost almost $1 billion in tourism revenue in the first half of 2016 compared to the first six months of 2015, according to a Tuesday report.
The French Committee of Regional Tourism for the Île-de-France, or Paris Region, announced that the Parisian economy has lost over $850 million largely as a result of 1 million less people visiting The City of Light. Terrorism has plagued Paris dating back to the January 2015 Islamic extremist attacks on French satirical publication Charlie Hebdo and a Kosher supermarket.
Most recently, ISIS battered Paris with November 13 attacks that killed 130 people. Tourism from major foreign countries has sharply declined year-on-year with 46.2 percent, 35 percent, 27.7 percent, 19.6 percent, and 5.7 percent less visitors from Japanese, Russian, Italian, Chinese, and American tourists respectively.
Seven percent of France’s GDP depends on tourism according to BBC News. Besides security concerns stemming from Islamic extremist terrorism, a garbage collection workers’ strike and major flooding in June have also affected tourism.
Problems with tourism in France go beyond the capital though and have likely also affected the economies of other major cities such as the waterfront city of Nice. ISIS attacked the Mediterranean city on Bastille Day in July, with one of their terrorists using a truck as a battering ram and driving into a large crowd, killing 84 people. Terrorists swearing their allegiance to ISIS then murdered Catholic Priest Jacques Hamel in Normandy while he was celebrating mass on July 26.
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