The Tourism employment in Retail segment in France, registered a value of USD 47,871.79 million in 2021
The indicator recorded a historical growth (CAGR) of 3.89% between 2018 to 2021, and is expected to grow by ...
GlobalData projects the indicator to grow ...
Tourism employment in the Retail segment in France witnessed high growth in 2021.
The travel and tourism industry consists of revenues generated by passenger airlines, passenger rail, foodservice, hotels and motels, travel intermediaries, and casinos and gaming markets.
Travel intermediaries are part of a business that assists in selling travel products and services to customers.
Following moderate growth between 2017 and 2019, the French travel and tourism industry fell into a steep decline in 2020 amid the COVID-19 pandemic. The industry looks set to recover and grow at a healthy rate over the forecast period. In March 2016, the government launched the ‘Destination Paris’ campaign, after consulting industry professionals to determine how to increase the influx of tourists visiting the country following the terrorist attacks. The government decided to increase security measures to encourage tourism and signed an agreement with China under which the police forces of both countries agreed to patrol key destinations in Paris during vacations and holidays. Government initiatives such as this helped to drive growth before the pandemic, particularly after safety concerns were elevated in response to the Charlie Hebdo attack in Paris in January 2015.
Leading player in the retail segment in France: McDonald’s Corp
McDonald's Corp (McDonald's) is a foodservice retail chain operator. The company operates and franchises McDonald’s restaurants that serve a locally-relevant menu of food and beverages. Its menu offering includes hamburgers and cheeseburgers, chicken sandwiches, chicken nuggets, wraps, French fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, pies, soft drinks, coffee, and other beverages. It also offers various breakfast items such as McGriddles, Sausage McMuffin with Egg, Egg McMuffin, biscuit and bagel sandwiches, and hotcakes. McDonald's markets its products under a wide range of brands including Big Mac, Filet-O-Fish, McFlurry, Chicken McNuggets, McMuffin, and McGriddles. It operates across North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. It is headquartered in Chicago, Illinois, the US.
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