After the summer vacation, the month of September posts results in line with the previous months.The business is back on track but it is normally affected by a gloomy economic climate. The RevPAR is down by 8.0%, a drop that is slightly higher than the average performance of the last twelve months (-7.4%). Indeed, in 2008, France first demonstrated a rather strong resistance in the face of the economic trend reversal. The results started to really drop in November. Therefore the September result is not aggravating a distressed situation. However, the occupancy stagnates (- 3,7 pts) several points under the 2008 performance, even though the level is rather high at 72.4%, during one of the busiest period of the year. The upscale segment and, in a softer way, the midscale segment, had to be easy on the tariff to stay busy. Thanks to efficient Revenue management strategies, the OR in 4* only drops by 1.9 pt. On the contrary, the budget segment is more affected. This segment domestically orientated is strangely weakening, especially considering the performances of the hard budget category.