deloitte new

January was not a good month for the French hotel industry, as RevPAR declined. Although business did

not fall dramatically, RevPAR stagnated at best, and dropped by almost 5% at worst. Never a good month for French hotels, occupancy and average rates are often low in January – a situation not helped by the current economic climate. All the same, this is the third year in a row that January's performances have dropped in comparison to the previous year (1). In short, the decline in January 2014 – although moderate – only serves to prolong a difficult situation. Rather worryingly, Parisian hotels also posted a drop in RevPAR. Although the Luxury segment managed to increase rooms revenue by +2.7%, this remained an exception.

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/.

Florent Daniel
In Extenso TH&R
In Extenso Avocats