Covid-19: France estimates impact on tourism at around 40 billion

Aug 9, 2020
covid in France

The French government today admitted that the covid-19 pandemic caused immediate losses in the tourism sector of at least 30,000 to 40,000 million euros.

“Typically, tourism generates € 180 billion in revenue, of which € 60 billion is from international tourism. The immediate impact of the pandemic is at least 30 to 40 billion”, Secretary of State for Tourism Jean-Baptiste Lemoyne told “Le journal du Dimanche”.

In the balance of the summer he made to the newspaper, the Secretary of State recalled that part of the international clientele “disappeared” and that many operators foresee a drop in turnover of 20 to 25% by the end of the year, although he is beginning to see a progressive increase in Dutch, German, Belgian and Swiss tourists.

Paris is one of the main cities affected by the absence of Chinese, Russians and North Americans due to the closure of borders.

“One in two hotels is closed and the Louvre receives 10,000 visitors a day, instead of 50,000, but I hope that, as of September 1, the resumption of the large fairs and professional salons will allow the capital to reconnect one of the its economic engines”, he concluded.

The covid-19 pandemic has already claimed about 722,000 deaths and infected more than 19.4 million people in 196 countries and territories, according to a report made by the French agency AFP.

Measures to combat the pandemic paralyzed entire sectors of the world economy and led the International Monetary Fund (IMF) to make unprecedented predictions in its almost 75 years: the world economy could fall 4.9% in 2020, dragged by a contraction of 8 % in the United States, 10.2% in the euro zone and 5.8% in Japan.

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