Impact of Olympics on Business in Paris

Key Points

• Business is significantly down for shops, restaurants, and cafes in Paris during the Olympics.
• Tourists are not venturing out to other attractions, leading to decreased revenue for local businesses.
• Hotels have experienced high room rates and reduced occupancy rates.
• Many Parisians have left the city during the Games due to security concerns and opposition to the event.

Pros

• Olympic tourists have the opportunity to experience Paris with smaller crowds and less wait times at popular attractions.

Cons

• Local businesses are suffering from a decline in revenue, with shops, restaurants, and cafes experiencing significant losses.
• Tourists seem to be staying close to Olympic sites and are not exploring other parts of the city.
• Hotels have struggled with high room rates and reduced occupancy rates.

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