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Cannes Film Festivals a goldmine for locals via SABCNewsOnline

“For my boss the festival is the goose that lays golden eggs,” a hotel receptionist called Herve told AFP.

“The six rooms that we put aside for the very last minute will be filled very rapidly” at the very top price, said the receptionist at the hotel, which is officially fully booked. The festival was worth an astonishing 197 million euros to the town in 2017, according to official municipal figures. Even so, hoteliers insist there is still room for improvement.

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