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Without Conferences, Cannes Faces $941 Million Loss Due to Coronavirus

23.09.2020 - 18:12

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variety.com

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Elsa Keslassy International CorrespondentBest known as the glamorous backdrop to the world’s biggest film festival, Cannes has become one of France’s wealthiest cities thanks to the yearlong parade of markets and conferences it hosts.

But with many of these events going entirely digital or having been called off altogether due to the coronavirus pandemic, the city’s restaurant and hospitality sectors are enduring heavy losses.“This pandemic is having a catastrophic impact on the local community,” Cannes Mayor David Lisnard tells Variety.

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