French hotels estimated to have lost 270 mln euros from Paris attacks
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The deadly attacks in Paris in November has cost French hoteliers an estimated 270 million euros ($293 million) in lost revenue and could continue to have an impact on hotel occupancy rates, research firm MKG Group said on Tuesday.
The hospitality research firm said the sector was still suffering in January but there was some prospect of a recovery from mid-February, provided there are no more incidents. The French capital has been on high alert since 130 people were killed in shootings and suicide bombings in Paris on Nov. 13. "We estimate the revenue shortfall for the French hotel industry at 270 million euros, of which 146 million was for Paris alone," Vanguelis Panayotis, director of development at MKG told reporters.
