September saw a decline in occupancy and average rates for all categories, with all major areas in France affected. Ile-de-France, the Cote d'Azur, and even Regional France, recorded lower RevPAR in all segments, with the exception of Luxury.
Hotel performances for August in Paris and, as feared, on the Cote d'Azur dragged down the results for the industry as a whole, in spite of the encouraging performances recorded in Regional France and in Coastal areas.
The Euro championships organised in France and the daily hotel performances communicated by our partner, STR, signalled some hope for July. Paris and the Cote d'Azur finished July on a very negative note, with RevPAR significantly dropping in all categories, given the sharp decline in occupancy.
Regional France was able to capitalise on the Euro 2016 championship to build on the encouraging results posted at the start of the year, with all categories recording higher RevPAR at the end of the first semester.
Following a month of April when all regions recorded losses, the contrast in May's performance from one zone to the next was striking. Unfortunately, Ile-de-France continued to pay the heavy price of the terrorist attacks of early 2015 and in Brussels.
March's generally positive results led us to believe there was some hope for recovery. Unfortunately, April's performances dropped in the majority of categories and throughout most of France. The attacks in Brussels at the end of March reminded international visitors of the ongoing security threat in this part of Europe.
No doubt we will have to wait to see what the real trend is, but March's results were generally positive.Regional France, and the Cote d'Azur in particular, showed a good start to the year, with the Luxurysegment leading the way.
In a similar vein to 2015 and January 2016, the Cote d'Azur and Regional France confirmed or even improved on January's good results. Conversely, Paris and major Ile-de-France zones continued to record significantly lower performances, and the return to normality will have to wait.
In a similar vein to 2015 and January 2016, the Cote d'Azur and Regional France confirmed or evenimproved on January's good results. Conversely, Paris and major Ile-de-France zones continued to recordsignificantly lower performances, ...