Every month, Vanguélis Panayotis, Development Director of MKG Group, comments on the French luxury hotel performances on Hospitality-On after the the monthly MKG Hospitality results are published.
"While the sector experienced a fall of 3.5% in RevPAR in July, the luxury hotel has especially suffered. Ramadan has been encroaching on the summer season and disrupting the habits of the Middle-Eastern clientele of French palaces who are traditionally fond of Paris and the French Riviera in the summer. Luxury hotels of the capital and the Riviera posted a drop in their Revenue per available room respectively by -4.9% and -33.1%. This phenomenon is the result of lower occupancy rates in Paris, while the palaces of the Riviera experienced a decline in ADR of more than 20% followed by dropping occupation. These high performance degradation can be explained by Muslim clients needing to be home at this time of year. Visitors from the Middle East thus leave their place to a clientele with less purchasing power."
This information is an excerpt of the complete performance report by market in France edited by MKG Hospitality every month. For more information, contact MKG Hospitality (welcome@mkg-group.com - Vanguélis Panayotis).
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