Every month, Vanguélis Panayotis, Development Director of MKG Group, comments on the French luxury hotel performances on Hospitality-On after the monthly MKG Hospitality results are published.
After an excellent August marked by the strong presence of Middle-Eastern clientele in France for leisure activities, September, a month traditionally important in terms of business activities, shows stable performances compared to September 2012. The Parisian Palaces show a net decrease in occupancy rate (-7.6 points). This decrease in the occupancy rate was compensated for by a strong increase in price (10.5 %), thus allowing RevPAR to progress slightly (1.0 %). On the French Riviera, Palaces register a more limited reduction in the occupation rate, but average prices are declining, too, what has for consequence to bring a contraction of about 3% of RevPAR. The international business clientele, which usually frequents the luxury segment, was less present on the French territory than last year.
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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