The French Hotel Industry Keeps Warm! | First Quarter Results 2008 |MKG Reports
The first quarter 2008 displays the good health of the French hotel industry with growth in the RevPAR by 7.1%. The fear of a slackening off has not affected activity at hotel properties.
- The first quarter 2008 displays the good health of the French hotel industry with growth in the RevPAR by 7.1%. The fear of a slackening off has not affected activity at hotel properties.
- While results in January and February are in keeping with an excellent 2007, March falls short of this. This year’s absence of major events in the great provincial cities and the municipal and cantonal elections pull down the overall result.
- The Paris region remains the powerhouse of the French hotel industry with double-digit growth in room rates.
Created in 1985 by Georges Panayotis, MKG Consulting is the European leader in consulting for the hotel, tourism and restaurant sector and has the largest hotel database in the world outside the United States, with good representation of all hotel segments. The monthly observatory of MKG Consulting’s Database is based on a sample of 10,000 corporate chain hotels, accounting for 1,000,000 rooms.
Since September 2004, MKG Consulting’s Database offers Hotelcompset.com, a program that makes it possible to monitor activity indicators hotel by hotel on a daily basis. This program includes 1,500 hotels and 125,000 rooms in France making it the largest daily statistics observatory in Europe.