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French tourism slumps on terror attacks

Aug. 08, 2016 3:11 AM ETiShares MSCI France ETF (EWQ)EWQBy: Yoel Minkoff, SA News Editor1 Comment
  • Terrorist attacks are taking their toll on France’s tourism industry, with Paris bearing the brunt of a drop in visits by holidaymakers from outside Europe.
  • Overnight stays fell about 10% on average this year through July, and the country's tourist sector alone has lost an estimated €270M since late 2015.
  • In the last few weeks, the U.S. State Department has also issued additional travel warnings for voyagers to Europe and Turkey.
  • ETFs: EWQ

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