Cannes Film Festival

Blink:

Over the weekend I reviewed in depth McKinsey & Company’s global consumer survey in the midst of COVID-19. The results regarding economic recovery varied greatly. Then I thought about my home city, luxurious Cannes and the potential unprecedented cancellation of the 73rd annual Cannes Film Festival.

Read On:

Before analyzing the economic impact on the film industry, detailed below is a list I drafted of businesses and individuals (a.k.a. festival ecosystem) that would suffer a staggering financial hit:

  • Transportation to and from the festival – airlines, taxis, limo services, Uber, etc.
  • Lodging – premium hotels, luxurious villa rentals equipped with staff and swimming pools, Airbnb and budget hotels.
  • Furloughed hotel staff (e.g., front desk guest assistants, bellman, room service, etc.) and housekeeping, as well as all the supporting sustainable housekeeping businesses – cleaning equipment/materials like laundry detergents, toiletries, etc.
  • Restaurants and bars in Cannes plus surrounding areas; La Napoule, Mougins and Juan les Pins.
  • Local transportation to and from events – taxis, Uber, limousines, luxury car rentals, mopeds, bicycle rentals, etc.
  • Maintenance staff, carpenters and electricians at Palais des Festivals et des Congrès where the films are screened.
  • Tourism related jobs – hostesses at Office of Tourism, tour guides, etc.
  • Catering.
  • Yacht rentals.
  • The event companies responsible for setting up film billboards and banners along the Boulevard Croisette.
  • Beach businesses – chair rentals, towels, etc.
  • Independent beach vendors selling sunglasses, hats, visors, candied nuts, etc.
  • Sun tan lotion.
  • Hairdressers, makeup artists and all the businesses that supply them with products.
  • Luxury retail shops.
  • City of Cannes and film festival souvenirs/mementos.
  • Landscaping/gardening services that prune the palm trees and plant flower beds along the Boulevard Croisette.
  • Security.
  • Paparazzi.
  • Illegal substances, sex workers.
  • Service gratuities!

I hope I witness first-hand the 73rd annual Cannes Film Festival.

 

 

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