Thursday, November 19, 2015

The November 13, 2015 Paris Terror Attacks: An Attack On The French Economy?

Even though the terrible terror attacks at Paris by Daesh / Islamic State had a “relatively limited” casualty rate, will its lasting impact be on the French tourism economy? 

By: Ringo Bones 

Thanks to the swift action of French law enforcement which limited casualties to 129, and the hospitalization of 352, the November 13, 2015 terror attacks on Paris and the northern suburb of Saint-Denis timed by Daesh / Islamic State on the evening of Friday the 13th for maximum impact, it still managed to impart a state of dread to everyone who view the Parisian nightlife as the best in the world. But was the primary purpose of the terrible terror attack by Daesh / Islamic State primarily aimed at the French tourism industry? 

During the Monday opening of the Eurozone markets, Air France KLM stocks fell by 6-percent. And given that the Yuletide Season and springtime is usually the peak of the city of light’s tourist season, many economists view that the long-term impact of the Friday the 13th terror attacks might severely impact the French tourism industry in the coming months. Though Paris’ nightlife had more or less returned to normal given every visiting tourists sense of solidarity to the resilience of the French people since the Charlie Hebdo attacks of January 2015, the forecasts for the French tourism industry in 2016 is still somewhat filled with uncertainty. 

Is anyone heavily invested in the French tourism industry still hoping that the economic impact of the Friday the 13th terror attacks in Paris will be not as severe as the economic pundits say it should? Well, given that Paris is the must go to destination in the springtime and especially during Valentine’s Day and those fortunate enough to afford to have their honeymoon in the city of lights, it still makes good economic sense to hope for the best. 

1 comment:

Arlynne Ann said...

Daesh / Islamic State using humanity's "irrational fear" of Friday the 13th to their own advantage? I just hope that the November 13, 2015 despicable terror attacks in Paris won't harm the French tourism industry in the long term.