Tourism: What is the outlook for the hotel and restaurant industry after August 15?
With August 15th having passed, it's time for the first tourism report of the summer. Restaurants are looking grim, with attendance down 15 to 20 percent since the beginning of summer, and even 30 percent in some regions.
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At the port of Dieppe (Seine-Maritime) this summer, strollers are out in force. But the terraces are struggling to attract visitors. Tourists seem to have adopted new consumption patterns. " We prefer sandwiches or quick bites, quickly made along the beach. We prefer to spend our money elsewhere rather than in restaurants ," explains a vacationer.
The decline in French purchasing power is having a direct impact on leisure spending. As a result, restaurant business this summer has decreased by 15 to 20% compared to last year. According to chef Thierry Marx, it's difficult for restaurateurs to lower their prices. " Someone who offers homemade food, who hires staff to do it, who is careful to source their products, their margin is 2% net, once they've paid for everything, " explains the Michelin-starred chef. The restaurant industry isn't the only sector suffering this summer. The hotel industry is also reportedly seeing a bleak outlook.
Francetvinfo
