Tourism and Terrorism: Economic impact of terrorist attacks on the tourism industry. The example of the destination of Paris

Schmude Jürgen (), Karl Marion () and Weber Florian ()
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Schmude Jürgen: Ludwig-Maximilians-Universität München (LMU)Department für GeographieLuisenstrasse 3780333 MünchenMünchenGermany
Karl Marion: UQ Business SchoolThe University of QueenslandBrisbane Qld 4072 AustraliaBrisbaneAustralia
Weber Florian: Ludwig-Maximilians-Universität München (LMU)Department für GeographieLuisenstrasse 3780333 MünchenMünchenGermany

ZFW – Advances in Economic Geography, 2020, vol. 64, issue 2, 88-102

Abstract: Cities are popular destinations for international tourism that in recent years have increasingly become the target of terrorist attacks affecting the tourism industry. In this study, the economic damage caused by the terror attacks is calculated for the destination Paris, differentiated by sectors and source markets. For this purpose, the revenue shortfalls caused by the terrorist attacks of 2015 for the tourism industry in Paris are calculated. Taking into account the decreasing number of visitors, discounts granted by the accommodation sector as well as additional expenditures for marketing or loss of revenue by tourism service providers (e. g. in the transport sector), the shortfall of revenues in the tourism sector amounts to at least € 2 bn in the period 2015 to 2017.

Keywords: city destination; economic impact; hotel industry; terrorism; revenue shortfalls (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:bpj:zfwige:v:64:y:2020:i:2:p:88-102:n:2

DOI: 10.1515/zfw-2019-0015

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