Airbnb seeks French growth beyond resilient Paris

By Dominique Vidalon and Pascale Denis PARIS (Reuters) – Vacation rental marketplace Airbnb said guest arrivals in its biggest market Paris rose this summer despite an overall decline in foreign visitors due to security fears, and it now aims to expand into lesser known corners of France. The online business recorded an annual rise in guest arrivals of 20 percent in the French capital and of 80 percent elsewhere in France between June 1 and Sept. 1 2016, in sharp contrast to the hotel sector, with which it competes. Foreign tourist arrivals to France could fall 4-5 percent this year and research firm KPMG warned that French hotels could suffer a revenue fall of 10 percent in 2016.

Original story here.

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