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New York Times

Paris Fights the Effects of Crimes Against the Very Rich

Paris Fights the Effects of Crimes Against the Very Rich

  • gennaio 23, 2017
  • Tempo di lettura min.

New York Times

Paris Fights the Effects of Crimes Against the Very Rich

In recent years Paris has brought in more than 10 billion euros ($10.6 billion) in luxury-sales revenue annually, according to Bain & Company, with almost two-thirds of that from foreign visitors. In the past year this has fallen dramatically.

“Changes in visa regulations for Chinese visitors made a big impact, as did the considerable shifts in currency valuations,” Marc-Andre Kamel, a partner with Bain, said last week. “The weak pound has made Britain a very attractive place to visit for tourists, even the most wealthy ones, who can get far more for their money there.”