The Olympics were a boon to the French economy.

The Paris Olympics ended on Sunday, but there are already benefits from them — beyond the sporting ones. In the words of Tourism Minister Olivia Grégoire, the Olympics have been a “boon” for the French economy, with the hospitality and culture sectors generating extra income in the wake of the world’s biggest sporting event.

Hotels in the cities hosting the Olympic events generated 16 percent more revenue than last year, while restaurant and museum revenues also increased by a quarter compared to 2023. Olivia Gregory revealed these figures to La Tribune Dimanche.

Sales at small businesses in Paris rose 26 percent in the first weekend of the Games, according to credit card company Visa.

On the other hand, it is also According to NBC News Not all sectors have been boosted by the Olympics, the paper says.

“It was impossible not to notice that Paris was relatively quiet outside the Olympic stadiums.”

In the newspaper's field report, several speakers spoke of a decline, but at the same time Visa's data shows a clear increase, not only in Paris, but also in Saint-Étienne (+214%), Lille (+100%) and Marseille (+100%), which also hosts the Olympic events (+38%). This was highlighted by Charlotte Hogg, CEO of Visa Europe.

Engaging younger generations in tourism and the lasting impact of the Olympic Games.

Even spending by foreign visitors has increased significantly. In this segment, people from the United States lead the way, followed by Brazilians and then the Japanese, who spent the most. In Paris, 78% of foreign customers paid for their services contactless, a record in the history of this type of games. In addition, there was a 39% increase in flight bookings to Paris ahead of the games.

The interest rate at the Banque de France, the country's central bank, ranges between 0.35 and 0.45 percent. Expect economic growth for the third quarter compared with a 0.3 percent increase in the first two quarters.

Even during the Games, based on the Financial Times group, we wrote about the fact that tickets, travel and accommodation can be easily arranged even on the move, so if you want to watch the Olympics live – even the men's 100m flat final is accessible.

But since then, we have said goodbye to Paris, which we have done by recalling the special history of the Eiffel Tower.

(Opening photo: Mascots and a mini Eiffel Tower in the Olympic gift shop – GettyImages)

Tourism | Economy | France | Travel | Paris

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