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Euromonitor International: Impact on tourism in Paris

Paris has a relatively large share of business travellers, accounting for 38% of international arrivals in 2014, and the corporate business segment is much more sensitive to security risks than the leisure segment.

roline Bremner, Head of Travel, Euromonitor International comments: “Following the 13 November 2015 terrorist attacks in Paris, the outlook for travel and tourism demand in the city is likely to be impacted in the short to medium term. Paris is the world’s fifth largest city in terms of international arrivals. Paris has a relatively large share of business travellers, accounting for 38% of international arrivals in 2014, and the corporate business segment is much more sensitive to security risks than the leisure segment. This high share of business tourists could potentially lead to a sharp fall in MICE visitors in the short term, particularly as uncertainty over the political response and potential counter-attacks remain unclear and corporate business planners opt for alternative destinations.”

Impact on global tourism
Caroline Bremner comments: “In the wake of the attacks, and coming so soon after the Russian air crash in Egypt, there is heightened uncertainty about what the major repercussions of recent geopolitical events will be for the global travel industry. However, the travel industry was highly resilient following 9/11 and the various terrorist attacks seen in multiple countries over the past 15 years. Provided the necessary safety and security conditions are in place, advanced markets will continue to travel, and thanks to growth amongst the Asian middle classes, the travel industry is expected to continue on its upward trajectory, albeit at a slightly lower pace. In a worst case scenario, the global travel industry may be looking at a similar performance in the years following 9-11, where there was a sharp drop in demand of over 4%.”

Paris Arrivals by Country 2013/2014

‘000 trips

% growth 2013/2014

 

US

-1%

 

UK

-6%

 

Italy

2%

 

Germany

-8%

 

Spain

5%

 

Japan

-4%

 

Russia

-12%

 

Belgium

-1%

 

China

13%

 

Others

 

Total

-2%

News Editor - TravelDailyNews Media Network | + Posts

Tatiana is the news coordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes monitoring the hundreds of news sources of TravelDailyNews Media Network and skimming the most important according to our strategy.

She holds a Bachelor's degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.

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