PARIS: The Paris Olympics, which pulls to an in depth on Sunday (Aug 11), has given a much-needed increase to the French economic system due to enterprise from better numbers of tourists generated for resorts, bars, eating places and museums, France’s tourism minister mentioned.
The euro zone’s second-largest economic system has been banking on the Video games to bolster its tepid financial development, with its statistics workplace predicting a 0.3 share level increase from ticket and TV rights gross sales and from extra tourism.
Tourism Minister Olivia Gregoire advised French paper La Tribune Dimanche in an interview revealed on Sunday that the variety of folks staying at resorts in French cities internet hosting Olympic occasions had risen 16 per cent year-on-year.
She mentioned that the variety of folks visiting Paris museums and spending cash within the capital’s eating places and bars had additionally gone up 25 per cent on common.
US financial institution card and monetary transactions agency Visa – one of many Olympics’ company sponsors – additionally mentioned earlier this month that its card transactions knowledge confirmed small companies in Paris benefiting from elevated gross sales.
On Friday, the Financial institution of France additionally mentioned that the nation’s economic system was on track to develop no less than 0.35 per cent within the third quarter helped by a brief increase from exercise associated to the Olympic Video games.