French Hotel Industry Performances - November 2011 | Deloitte
A rebound in activity for November
After October’s dip, performances in Paris began improving again, with hotels achieving high growth rates – RevPAR rose by an average of 13% in the capital. In particular, the Batimat trade show attracted 352 000 visitors and contributed to these positive results. Not to be outdone, upscale hotels on the Côte d’Azur recorded RevPAR growth of almost 29%.
Performances were more contrasted throughout the rest of France. While a number of cities recorded strong growth, many hotels stagnated or posted declining rooms revenue.
RegionalConversely, November was more difficult for hoteliers in Grenoble, Lyon, Metz, Nantes, Reims and Rennes. While, declining demand in the budget sector was somewhat cushioned by a slight increase in average rates, occupancy drops in the midscale segment were often accompanied by a decline in average rates. However, on the whole, regional RevPAR (excluding the Côte d’Azur) grew by 4% to 5%, depending on the category.
Further to a dip in activity in October, performances in Paris were once again on the up in November, with hotels posting an average RevPAR growth of 13% and occupancy rates in excess of 79% for all categories. This was also the case for other departments in the Ile de France region.