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Paris suffers steep fall in tourism

Nov. 20, 2015 4:08 AM ETAir France-KLM SA (AFLYY) StockEWQ, AFLYY, EJTTF, AFRAF, ESYJYBy: Yoel Minkoff, SA News Editor8 Comments
  • In the past few days, clear signs have emerged showing that the murderous attacks have had a big economic impact on Paris - one of the most visited cities in the world.
  • A survey by Synhorcat, the French hotel and restaurant operators' union, suggests that sales in the city's cafes and bars during the past week are down 44% on the same period last year, while hotels have suffered a 57% drop in business.
  • Air France (OTCPK:AFLYY) has so far refused to comment on passenger numbers and cancellations bound for Paris, but low-cost airline easyJet (OTCQX:ESYJY) said that travel to the French capital has plummeted.
  • ETFs: EWQ

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