Small businesses in the city have experienced a 26% YoY increase in sales from Visa cardholders. Credit: Hethers via Shutterstock.

The 2024 Olympic Games in Paris have brought an increase in business for French retailers, with Visa data revealing a significant surge in consumer spending during the opening weekend of the event.

The payment giant’s figures show that small businesses in the French capital experienced a 26% year-on-year (YoY) increase in sales from Visa cardholders.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

A particularly strong performance was seen in the city’s retail sector, with spending up 21% compared to the same period in 2023.

Food and grocery stores enjoyed a 42% boost while theatre and museum ticket sales soared by 159%.

Restaurants also cashed in, with a 36% increase in Visa spending.

The influx of international visitors to the event has been a key driver of this increase.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The US topped the list of significant spenders, accounting for 29% of overseas purchases. Shoppers from Brazil and Japan also contributed significantly, with spending up 33% and 129%, respectively, compared to last year.

“Our latest data shows a significant increase in consumer spending among Visa cardholders during the Opening Ceremony weekend,” said Charlotte Hogg, CEO of Visa Europe.

“We’re particularly pleased to see the uptick in spending at French small businesses after we helped 13 million of them digitise over the last four years in Europe and connected them to spectators through the Visa Go app.”

Visa’s role as the official payment technology partner for the games has involved creating a robust payment network across Paris and its surrounding areas.

Contactless payments are now accepted at more than 3,500 points of sale across 32 Olympic and 16 Paralympic venues.

While the full economic impact of the games will take time to assess, these early figures suggest that the event is providing a much-needed boost to the French retail industry.