France 2014: the economic context weighs on the hotel industry

3 min reading time

Published on 19/02/15 - Updated on 17/03/22

Paris

Caught up in the depressed economy of 2013, France’s hotel activity was unable to gear up in 2014. Slowed by fiscal pressure, low purchasing power and growth that was slow to return, it ended the year with a 0.2% drop in its Revenue per available room excluding taxes. Renewed good results VAT included, for Paris and upscale hotels nonetheless offer glimmers of hope.

For the second consecutive year, France’s Revenue per available room (RevPAR) is at half-mast. While modest, the 0.2% drop excluding taxes on the whole of 2014 attests to the French depressed economic climate and the difficulties encountered by the domestic market. This drop is mostly the result of...

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