With 9.3% growth in the RevPAR, November reinforces growth of French hotel industry results and prefigures an excellent last quarter. On twelve sliding months, growth of the RevPAR reached 9.1% and France should come close to the record it made in 2000 (+9.4%). Last month’s strikes and the slight slump in the third quarter only had a small impact on the overall result. Many elements participated in what would remain – record or not– one of the best years for France’s hotel industry: the strong activity of the business segment, important trade fairs in Paris that resulted in good occupancy, a good summer season despite dismal weather and finally the World Rugby Cup.
Last month’s social unrest only had a limited effect on the dynamics of the hotel sector. In Paris, after ten days marked by a drop in occupancy rates, the end of the strikes that haunted public transportation was synonymous with improved occupancy rates at hotels. Occupancy rates rapidly regained...
This content is for subscribers only. You have 80% left to discover.
Every week, the HON team brings you an expert look at the world of hospitality.
By becoming a member, you will have access to a complete ecosystem: exclusive content, jobs, etc.BECOME A MEMBER