France to Build Online Platform to Rival Airbnb, Booking.com
"This sector has been very much de-intermediated by the large U.S. platforms, Airbnb, Booking.com," Eric Lombard, the head of French State-controlled financial institution Caisse des Depots & Consignations, said on BFM Business television Thursday. "We need to regain that link with clients."
The platform will be made with the French government and the tourism industry, for the tourism industry, Lombard said. It will take "numerous" months to build to make it worthwhile, he said.