Despite the closure of the city of Deauville during the G8 summit, area hotels showed excellent results during the two-day international meeting.
“Thankfully, the hospitality industry is already in a recovery phase. However, the G8 gave the area hotels an additional boost to reach their 2011 objectives, which is always welcome,“ stated Georges Panayotis, CEO of MKG Hospitality.Analyses from MKG hospitality demonstrate that occupancy rates were 13.5 percentage points higher than for the same period (May 26 & 27) last year. Average rates went up by 26.2%, from 113.40 € to 143.1 € due to the anticipated influx of people. This subsequently lead to a RevPAR that was 53% higher this year, at 110.50 € than last year’s 72.20 €.Nathalie Sanacal, Director of Communication for Hotel Royal Barriere in Deauville stated, “Our hotel was already booked by various consulates. We couldn’t even think about taking outside reservations.”“Thankfully, the hospitality industry is already in a recovery phase. However, the G8 gave the area hotels an additional boost to reach their 2011 objectives, which is always welcome,“ stated Georges Panayotis, CEO of MKG Hospitality.
