FRENCH HOTELS REPORT SUCCESSFUL YEAR

Dan Rang - Jan 15, 2018
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According to the barometer In Extenso Tourism, Culture and Hospitality, in November French hotels recorded growing occupancy across all categories – from 4% in the super-economic category to 13% in luxury establishments.

Revenue per rented room increased, from 2% in mid-range hotels to 9% in the super-economy. Only the luxury segment shows a decline of nearly 6% of its average price. In cumulative data over 11 months, the revpar (average income per available room) increased by 3 to 6%.

Numerous general public and professional trade shows have boosted the tourism activity and French hotels industry. The sustained attendance and the return of foreign customers allow Parisian palaces to register at the end of November an occupancy rate of 67%. "Despite recent openings, the occupancy rate has increased by 6% over last year," says Olivier Petit, manager at In Extenso.

Province (off Côte d'Azur)

Occupancy rates and average prices are up with the exception of luxury hotels, which recorded a decrease of 1% of its average price. However, RevPars are growing in all categories and over the first eleven months of the year, despite a slight withdrawal of average prices in the hotel business and high-end range as well as the economy, of the order of 1%.

The Côte d'Azur recorded very good results this month, thanks in particular to the sustained attendance of foreign customers. Occupancy rates (+ 48% luxury and + 29% upscale compared to last year) and average prices are up in all categories (except for luxury with an average price down 5% ). Almost a return to normal, RevPars are growing in all segments, except in the super-economy hotel business (decline in occupancy and average price in cumulative numbers).

The French market for urban tourism residences ends the month of November with increasing rates, in Île-de-France as in Regions. Attendance increases are compared with a decline in average revenues. However, RevPars continue to grow in all markets and territories. These results are mainly driven by the increase in attendance of French hotels.

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