France announces plan to boost tourism revenues to $117.47 billion
During a meeting of the Interministerial Tourism Committee held in the city of Angers, Bayrou unveiled a package of measures designed to strengthen France's position in the global tourism market.
Although France topped the list of countries in terms of foreign visitor numbers in 2024 - with 100 million tourists - it ranks only fourth worldwide in international tourism revenues, behind countries such as Spain, which earned €126 billion in revenues despite welcoming fewer visitors.
Experts attribute this disparity to the shorter average stay of tourists in France, which limits their overall spending.
French Tourism Minister Nathalie Delattre explained that the tourism sector accounts for 8 per cent of France's GDP, equivalent to €200 billion, and provides 2 million non-relocatable jobs, making it a strategic pillar of the national economy.
Meanwhile the French Ministry of Economy announced today that the projected public deficit for 2026, initially estimated at 4.6 per cent of the country's GDP, will see a slight increase but will remain below the 5 per cent threshold.
The ministry, alongside the Ministry of Finance and Public Accounts, stated that this adjustment will be factored into the preparation of the 2026 budget, which will soon be under discussion.
In October, France submitted its medium-term financial plan to the European Commission, outlining its commitment to reducing the public deficit to 2.8 per cent by 2029, while maintaining the primary goal of bringing it below 3 per cent in accordance with European fiscal rules.
Meanwhile, the French Parliament today approved the 2025 state budget in a final vote in the Senate, concluding a legislative process that faced hurdles, particularly after the bill was suspended in December following a regulatory decision by the government of Michel Barnier.
The newly adopted budget includes austerity measures worth €50 billion, aimed at reducing the public deficit to 5.4 per cent of GDP in 2025, down from the approximately 6 per cent deficit expected for 2024.
The Ministry of Economy stressed that achieving this target is 'essential', noting that budget implementation will be closely monitored to ensure compliance with ministerial allocations and to take any necessary corrective measures.
Additionally, the French government has revised its economic growth forecast for 2025, lowering it from 1.1 per cent to 0.9 per cent.
France's Travel & Tourism sector reached new historic heights in 2024 and is on track to exceed this exceptional performance throughout 2025, according to new data from the World Travel & Tourism Council (WTTC).
The latest Economic Impact Research (EIR), produced in collaboration with Oxford Economics, confirms that in 2024, Travel & Tourism in France surpassed all previous records across economic contribution, employment, and visitor spending, solidifying the country's leadership as the world's most visited destination.
The sector contributed €266.2 billion to the French economy, 10.1 per cnet above 2019 levels and equivalent to 9.1 per cent of the national GDP. Travel & Tourism also supported three million jobs, employing 300,000 more people than in 2019.
International visitor spending reached €72.5 billion, while domestic visitor spending climbed to €142.1 billion, reflecting strong and balanced demand, seeing a hike of 7.1 per cent and 5.7 per cent on peak levels, respectively. According to WTTC projections, 2025 is expected to continue this upward trajectory and improve on the previous year's historic peak across all analysed metrics.
The sector is forecast to contribute €274.2 billion to the GDP, increasing to 9.3 per cent share of the economy, while employment is expected to reach 3.1 million jobs – nearly 1 in 10 people employed by Travel & Tourism in France.
International visitor spending is projected to rise to €75.1BN, with domestic spend reaching €144.2 billion.
This enduring performance highlights France's strong tourism fundamentals, from world-class cultural and leisure assets to robust transport infrastructure and sustained government support.
Julia Simpson, WTTC President & CEO, said: 'France continues to set the pace for Travel & Tourism worldwide. After a historic 2024, the sector is expected to maintain its growth into 2025 and beyond.
'The successful hosting of the Olympic and Paralympic Games showcased France on the global stage, reinforcing its reputation as a premier destination with the capacity to deliver exceptional experiences at scale. France remains a beacon for travellers globally.'
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