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France unveils 1.3 billion euros investment plan for hard-hit tourism sector

imageEconomy1 hour ago (May 14, 2020 06:20AM ET)

(C) Reuters. Coronavirus disease (COVID-19) outbreak in Nice

PARIS (Reuters) – The French government on Thursday unveiled a 1.3 billion euros ($1.4 billion) investment plan for the country’s tourism sector, which has been hit hard by the coronavirus crisis and the resulting shutdown in tourist attractions and hotels.

“What is good for the tourism industry, is often good for the whole of France,” said Prime Minister Edouard Philippe.

Nearly 90 million foreign tourists visited France in 2018, making it the most visited country in the world, according to government data. Tourism accounts for about 7% of France’s 2.3 trillion euro economy.

France unveils 1.3 billion euros investment plan for hard-hit tourism sector

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