Paris Hotel Businesses Still Struggling After Recent Terrorist Attack

The tourism and hotel industry in Paris remains to struggle and paces at a slow rate after the recent terrorist attacks it had experienced early November.

US News reports that security alerts are still strictly being implemented in Brussels prior to the November 13 attack in Paris. With this came a blow to the hotel industry with occupancy rates going down by more than 30% after the attack. The occupancy rates this year has been 39% and 33% slower on both weekends compared to last year. Several museums were also closed after the attack as well as several restaurants, department stores, and small restaurants.

Yahoo Singapore, on the other hand, reports that after the November 13 terror attack in Paris, a 12% drop in hotel occupancy was recorded with around $54.5 million revenues lost. The travel and tourism industry are also affected not as severely as that of the hotel industry.

The air industry is also starting to struggle with a recorded 27% less bookings compared to last year's data. Even though prices were dropped by 5% since 2014 from $1,209.50 in 2014 to $1,152.52 in 2015, the decrease in tourist visits were still evident. Air traffic was initially down during the exact day and aftermath of the attack but it is managing to pick up since then.

However, with climate conference attendees arriving in Paris late in November, a gradual increase in booking for hotels became evident. Prior to that, nightly hotel occupancy rates went down from 22 to 39 percent lower during the same dates two weeks after the attack.

Paris also dropped from the Top 10 Most Favored Places To Go for the New Year, since entering the top 10 list in 2011. Paris landed on the 11th spot for 2016 with several numbers of cancelled trips at tow. Twenty-four percent of travel agencies claimed that clients were still pushing through with their Paris trip, the rest however did not receive any bookings for November or early December.

Clearly, Paris is yet to recover from the tragic terrorist incident it had experienced later this 2015 and is greatly affecting the hotel, travel, and tourist industry of the city.

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