Skift Take
Luxury industries in still stagnant economies are starting to rely on the influx of high-spending tourists from China and Brazil; anything to stunt that growth would hurt the tourism and retail industries alike.
The streets of Paris are getting a reputation of being unsafe for tourists and is threatening the great brand names of French fashion.
A leading association that counts Chanel and Dior as members urged the authorities to take action on the climate of insecurity which it said could keep cash-flush tourists away.
Several recent incidents have tarnished the image of Paris – the world’s most visited city – including muggings and thefts targeting tourists and street violence.
France’s luxury industry makes a large portion of its profits from tourism, particularly from the newly rich from emerging countries such as China,
The Daily Newsletter
Our daily coverage of the global travel industry. Written by editors and analysts from across Skift’s brands.
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Photo credit: Tourists walk down the Avenue des Champs-Élysées in Paris, France. Ayhan Altun / Flickr