Paris protests likely to cost hotels more than $11 million

11/30/2018 4:31:00 AM

Source: Business Insurance

France-based research firm MKG Group S.A. that protest-related violence at Paris’ Champs-Elysees avenue on Nov. 24 is likely to cost hotels around the city at least 10 million ($11.4 million), Reuters reported. MKG said that several tourists are likely to have canceled hotel bookings following the clashes between protesters and police forces. The violence related to rising fuel prices also damaged restaurants and shop-fronts on the Champs-Elysees. Demonstrators have called for a third weekend of protests on Dec. 1.