Once a small fishing village, Cannes is now a glamorous and expensive seaside town considered to be one of the social hubs of Europe. Its moment to shine arrives in May as the venue for the Cannes Film Festival, entertaining the rich and famous. During the festival, fans can see actors, celebrities, and directors up close and in person on the famous steps of the Palais des Festivals at the end of La Croisette. Although its nightlife, casinos and high end restaurants give Cannes a feel of exclusivity, Cannes does have alternatives to suit all types of budgets. Tourists can check out the beauty and architecture of Le Suquet, with its cobbled streets and breathtaking views, or sit at street side tables and enjoy the favoured hobby of people watching up and down the lovely marina.
The city is known for its association with the rich and famous, its luxury hotels and restaurants, and for several conferences. On 3 November 2011 it hosted the 2011 G20 summit. By the 2nd century BC, the Ligurian Oxybii established a settlement here known as Aegitna (Ancient Greek: Αἴγιθνα). Historians are unsure what the name means. The area was a fishing village used as a port of call between the Lérins Islands. In 69 AD, it became the scene of violent conflict between the troops of Otho and Vitellius. In the 10th century, the town was known as Canua. The name may derive from "canna", a reed. Canua was probably the site of a small Ligurian port, and later a Roman outpost on Le Suquet hill, suggested by Roman tombs discovered here. Le Suquet housed an 11th-century tower, which overlooked swamps where the city now stands. Most of the ancient activity, especially protection, was on the Lérins Islands, and the history of Cannes is closely tied to the history of the islands.