France’s hotel supply 2014: the hemorrhage continues

With 635,000 rooms as of January 1st 2014, the French hotel supply in France posted a loss of 10,500 rooms (-1.6%) as compared to last year. This sixth consecutive year of decline has now brought the French hotel offer below the level in the year 2000, erasing a decade of supply growth before the crisis. Chains remained buoyant but did not compensate for a marked decline in the voluntary and independent hotel sector, particularly in rural areas and in secondary cities. The economy segment offer was sustained by the increase in class of former super-economy hotels that were refurbished, while many other hotels had to close up shop. In the upscale segment, chains grew in the city while rural hotels joined chain or disappear as a result of costs becoming too heavy to carry. These dynamics have led to an increase in the market share of integrated  

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