November was a rough month for the French hotel business. The RevPAR at French chain hotels underwent a new drop (-7.1%), after those registered in September and October. “Bad luck comes in threes”: the drop in November may be explained first by a significant drop in occupancy (-6.4 points), experienced by all hotel segments. Despite hoteliers’ efforts to increase their average daily rates, the 2.6 % climb does not compensate for this drop in activity. Little by little chain hotels in France are seeing their progress slow with respect to the previous year. Growth in Revenue per available room is now only 2.5% on twelve rolling months. This situation is not likely to turn around in December. Continuing along this trajectory, French hotel chains overall should maintain slight growth in 2008 with respect to 2007, which remains an exceptional year in all aspects.