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Direct from Tourinvest 2014

4 min reading time

Published on 08/09/14 - Updated on 17/03/22

Tourinvest Forum ©MKG Group

For its second edition, Tourinvest, the French Tourism Investment Forum is a great success. Close to 300 professionals are gathered in the meeting rooms at the Pullman Paris Tour Eiffel this Monday, September 8, to hear two detailed analyses of tourism and hospitality investment, talks will be given by four figures from the sector and two round tables about the industry’s difficulties. Follow the event live, here at Hospitality ON.









15:45 - Are there any specific measures that encourage investment in tourism in Ivory Coast? "Absolutely, foreign investors are very welcome. Ivory Coast is one of the most attractive areas of West Africa. There are 3 zoning categories, each of which has its own fiscal benefits

15:40 - "In terms of investment, the desired profit depends on the risk taken. It is generally between 8% and 14%," Bertrand Pulles, associate director Extend AM

15:35 - "It is generally not complicated to purchase land in Africa, because the government supports it," Dario Filippone, development manager Mangalis

15:30 - "As investment costs rise, we cannot shrink construction costs and one of the rare economic equations will be in the price of real estate," Gaël Le Lay, deputy CEO Foncière des Murs

15:25 - "Today, train stations are part of the urban density. To develop around them we will accelerate developments that seem very slow," Benoit Labat, director of property development of the Société du Grand Paris.

15h15 - Beginning of the second round table "Creation of a new tourism supply, unblocking real estate and financial partners: who will succeed?"

14:55 - "Of 100 euros paid by the client, 5.1 euros are left for the French hotelier, 10.3 euros for a German hotelier and 5.8 euros for A Spanish one, after deducting expenses and charges," Vanguélis Panayotis, Development director of MKG Group

14:45 - "The increase in the VAT for the hospitality industry on January 1, 2014 came in a period of weak business growth, and thus cannot be added to the prices paid by guests. Inversely Germany decreased the VAT for its hospitality industry, encouraging increased activity for the sector, but not renewal of the supply," Vanguélis Panayotis, Development director of MKG Group.

14:30 - Vanguélis Panayotis, Development director of MKG Group, speaks

14:10 - "Paris is an atypical market that has a powerful ability to attract investors, particularly foreign ones. Today they own 2/3 of the city's five-star properties," Dominique Ozanne, CEO Foncière des Murs

14:00 - Dominique Ozanne, CEO Foncière des Murs, speaks

12:30 -"In foreign countries, most exhibitions are inaugurated by the Head of State. In France only two are inaugurated by the president. Events need more importance to allow them to grow and stimulate business tourism," Renaud Hamaide, CEO Viparis

12:15 - "The Futuroscope is a growth engine for a touristic country and offers an example of a successful dynamic between the public and private sectors," Dominique Hummel, general manager Futuroscope.

11:55 - "Since it opened, the Centre Pompidou Metz has produced 79 million euros in economic windfall for the city of Metz", Aurélie Dablanc, responsable du Pôle Public Centre Pompidou Metz

11:30 - "In destination marketing a territory and its partners develop a supply that appears attractive, credible and is constantly adapted to the demands of the target market. This is done through works upstream in a competitive context." - Christian Berger, deputy manager of the Regional Tourism Committee Nord-Pas-de-Calais

11:15 - Beginning of the first panel: "The destination, a veritable touristic ecosystem: how to reach the critical threshold?"

10:00 - "A think a one euro tax on rooms costing more than 250 euros a night is acceptable. Nonetheless, hotels must be able to post their real prices, not including the tourist tax," says Jean-François Martins, Jean-François Martins, Paris's deputy mayor in charge of Sports and Tourism, regarding the tourist tax under study for the luxury hotel segment.

9:50 - "Paris is the greatest laboratory in the world in terms of hotel innovation because it has no tourism season and welcomes all kinds of clients and families of business travelers," Jean-François Martins, Paris's deputy mayor in charge of Sports and Tourism.

9:45 - "Our goal is to open 12,000 rooms in Paris over the next six years. With an average occupancy rate of 80%, Paris's market is saturated and we still need to invest," Jean-François Martins, Paris's deputy mayor in charge of Sports and Tourism.

9:30 - "Without culture, how valuable would tourism be? We must not ignore the added value of all that is immaterial," Christian Manteï, general manager Atout France

9:15 - "France is n°1 in terms of arrivals but n°3 in terms of spending," reflects Georges Panayotis in his introduction to the Tourinvest Forum.
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