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Champs-Elysees protest cost Paris hotels 10 million euros - research firm MKG

Champs-Elysees protest cost Paris hotels 10 million euros - research firm MKG
A protester is seen next to a burning barricade during a "Yellow vest" protests against higher fuel prices, on the Champs-Elysees in Paris, France, November 24, 2018. REUTERS/Benoit Tessier -
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PARIS (Reuters) – Violence that erupted last Saturday on the Champs-Elysees during protests against rising fuel have led to cancellations of bookings that cost Paris hotels at least 10 million euros (8.90 million pounds) in lost revenue, said research firm MKG.

For more than a week now, ‘yellow vest’ protesters have blocked roads across France and impeded access to some fuel depots, shopping centres and factories in protest against fuel tax hikes which they say have eroded their spending power.

The unrest reached new heights in Paris last Saturday, when police fired tear gas, water cannon and rubber bullets at thousands of protesters who trashed restaurants and shop-fronts and set wheelie bins ablaze on Paris’ upmarket Champs-Elysees boulevard, a tourist magnet.

(Reporting by Dominique Vidalon; Editing by Sudip Kar-Gupta)

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