French Luxury Hotels and Palaces in 2015: diverging trends for activity

3 min reading time

Published on 20/01/16 - Updated on 17/03/22

Le Meurice

Although activity for the luxury and palace segment drove industry results throughout the territory in 2015, the market is very contrasted depending on ranges and spaces. Data published by MKG Hospitality thus show a drop in activity in the capital and for palaces, while the Côte d'Azur and luxury resort hotels show significant growth.

In 2015, the luxury hotel industry performed better than palaces. Palaces were hit hard by the attacks in Paris (all the more so since the supply of palaces is primarily in Paris), and also by the recent growth in the supply (opening of the Peninsula mid-2014). Consequently, they reported a 5.3%...

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