American tourism giants Trip Advisor and Airbnb plus Dutch compatriot Booking.com may no longer hold monopolies in their respective areas, thanks to an upcoming venture in France. The French government has outlined plans to invest in a national booking platform to rival these foreign giants. The project costs is expected to be well over a billion Euros, to be funded primarily by Bpi France and by Caisse des Depots. In order to revive the flailing tourism sector in France, the central government has allocated eighteen billion Euros’ worth of investment. Airbnb remains extremely popular in France, with more than eight million people in the country having used the same last year. This has however, not prevented the company from laying off a fourth of its workforce, and this further diminish the pool of tourism jobs available worldwide.

Source:https://www.tourism-review.com/airbnb-competitor-to-arise-in-france-news11547

Uploaded Date:09 June 2020