French Hotel Industry Performance, August 2015
After two months of recovery, August showed mixed results depending on category and location. While "intermediary" categories (Midscale, Upscale) resisted well thanks to higher average rates, Superbudget hotels confirmed declines in RevPAR. For higher-end hotels, August's results varied from region to region, resulting in an overall drop in occupancy and rates.
After two months of recovery, August showed mixed results depending on category and location. While "intermediary" categories (Midscale, Upscale) resisted well thanks to higher average rates, Superbudget hotels confirmed declines in RevPAR. For higher-end hotels, August's results varied from region to region, resulting in an overall drop in occupancy and rates. Despite all this, August's results must be put in perspective when compared with August 2014 – a particularly good month – and year-to-date growth, which remains positive.
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In Extenso Avocats is a network of business law firms. Specialised in hotel and tourist accommodation law, our lawyers advise hotel and tourist residence owners and operators, real estate and hotel investment funds, as well as private and public investors in France and abroad. For more information please visit www.inextenso-avocats.com/en/.