Brasseries, shops and other small businesses in Paris are suffering a sharp drop in sales as footfall dwindles before the Olympic Games, with arrivals of tourists and ticket holders yet to make up for an exodus of locals.
The gloomy retail period, coupled with warnings over weak revenues from some airlines and hotels during the event, has cast doubt on the scale of France’s economic boost from the Paris 2024 Games.
Inside a security perimeter along the banks of the Seine, impenetrable to anyone who has not preregistered ahead of the opening ceremony on Friday, the collapse in clients has been even more drastic.
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