French Hotel Industry Performances for December 2009 | Deloitte
2009: The hotel industry at a low ebb
It comes as no surprise that 2009 was a very bad year for the French hotel industry – even worse than 2003. As is the case during any economic crisis, 4 star hotels were the most severely impacted, business volatility being particularly pronounced in this market; the market does well during growth periods but suffers to a greater extent during economic downturns.
Compared to their European counterparts, French hotels actually fared better in 2009. Nevertheless, industry players are impatiently on the lookout for the first signs of recovery – something we all hope will take place in the second semester of 2010.
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