French and British tourist industries lose 43 billion euros due to terror attacks: study. By Abdelhamid Kaddour.
The EU’s tourism industry lost 180 billion euros in GDP because of terrorist acts between 2004 and 2016, according to a study by the NGO RAND Europe.
The study shows that economic actors change their economic behaviour following a terrorist attack. Corporations and people don’t consume, save or invest in the same way after a terrorist act.
UK and France’s tourism industries lost each approximatively 43 billion euros, Spain is next with a 40 billion euro loss then comes Germany with a 19.2 billion euro loss.
There is noticeably less tourism to Muslim countries, perhaps due to the seventh century totalitarian ideology. Imagine what tourism to Europe will be like in a few decades.
hat-tip Stephen Neil