COP 21 a breath of fresh air for Paris's hotels

2 min reading time

Published on 30/11/15 - Updated on 29/06/23

Cop21 Paris

The arrival of 150 Heads of State and their delegations has filled Paris's hotels that have been posting low occupancy for the last fifteen days. On Sunday, November 29 alone, the occupancy rate was up 6 points with respect to 2014, the occupancy rate in Paris gained more than 6 points and the average daily rate rose by some 58%. The final result in terms of RevPAR, the hotel performance indicator, is spectacular: up 77%.

The day is exceptional in more than one way with an "extraordinary" concentration of world leaders who set down their bags in Paris's leading hotels. While 4, 5 star hotels and palaces drive global performance, with figures that are even more dynamic (+14 points occupancy rate, + 58% of the average daily rate and a  RevPAR x 2), the Economy and Midscale post another slight drop compared to 2014, but the overall results compensate for much of the negative impact of the attacks on November 13.

Georges Panayotis, President and CEO of MKG Group, remarks: "In an unfortunately upset context, this exceptional event temporarily relieves the considerable losses of earnings accumulated over the last two  weeks, not to mention cancellations of year-end travel. It's a breath of fresh air for the Paris market that  is all the more welcome since it should last several days and the current situation has been particularly difficult for tourism professionals."

The positive effects of COP 21 on the hospitality and tourism industry are likely to fade and be distributed across the other segments as important leaders and delegations give way to other governments and NGOs. And yet, the United Nations Conference on Climate Change will at least have allowed Paris hotels to come up for air; it is also a positive sign to the rest of the world about the Capital's ability to guarantee the security of the delegations.



Change in daily results in Paris
from 11/9 to 11/29/2015



Also read:



  • Terrorist attacks in Paris: impact on the hotel industry
  • Paris attacks: Hospitality takes a hit, but is expected to stand strong
  • Paris: Terrorist attacks continue to raise concern in the hotel industry
  • Activity in Paris, the after shock of the terrorist attacks is dwindling



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