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

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.

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