French Hotel Industry Performance - September 2016
September saw a decline in occupancy and average rates for all categories, with all major areas in France affected. Ile-de-France, the Côte d'Azur, and even Regional France, recorded lower RevPAR in all segments, with the exception of Luxury. However, given the solid performances recorded since early 2016, year-to-date results for Regional France are still up on last year's performances.
September saw a decline in occupancy and average rates for all categories, with all major areas in France affected. Ile-de-France, the Côte d'Azur, and even Regional France, recorded lower RevPAR in all segments, with the exception of Luxury. However, given the solid performances recorded since early 2016, year-to-date results for Regional France are still up on last year's performances. Yet given the underlying trend, certain hoteliers have been forced to scale down their Q4 forecasts.
About In Extenso Avocats
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/.