Champs-Elysees protest cost Paris hotels €10m — research firm MKG

Champs-Elysees protest cost Paris hotels €10m — research firm MKG
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A protester wearing a yellow vest symbolizing French drivers' protest against higher fuel prices burns flare. (Reuters)
Champs-Elysees protest cost Paris hotels €10m — research firm MKG
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A protester is seen next to a burning barricade during a protests against higher fuel prices, on the Champs-Elysees. (Reuters)
Champs-Elysees protest cost Paris hotels €10m — research firm MKG
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"Yellow vest" protesters gather on the Champs-Elysees in Paris. (Reuters)
Updated 29 November 2018

Champs-Elysees protest cost Paris hotels €10m — research firm MKG

Champs-Elysees protest cost Paris hotels €10m — research firm MKG
  • For more than a week now, ‘yellow vest’ protesters have blocked roads across France

PARIS: Violence that erupted last Saturday on the Champs-Elysees during protests against rising fuel has led to cancelations of bookings that cost Paris hotels at least €10 million ($11.4 million) in lost revenue, said research firm MKG.
For more than a week now, ‘yellow vest’ protesters have blocked roads across France and impeded access to some fuel depots, shopping centers and factories in protest against fuel tax hikes which they say have eroded their spending power.
The unrest reached new heights in Paris last Saturday, when police fired tear gas, water cannon and rubber bullets at thousands of protesters who trashed restaurants and shop-fronts and set wheelie bins ablaze on Paris’ upmarket Champs-Elysees boulevard, a tourist magnet.