Hotel Industry Performance In Paris In: Continued Improvement | June 2008 | MKG Reports

• Paradoxically, the 1.1% decrease of RevPAR registered in last June by the Parisian hotel industry in Paris has been quite good news, meaning that there is the upmarket segment held a very strong position. The month of June 2007, which was taken as a reference, had indeed displayed a rise of 28% in its turnover due to an exceptional event: the Airshow Fair 2007. Succeeding in avoiding a further decrease was in itself an indicator of the industry’s sound performance.



• In spite of a slight decrease, occupancy rates reached remarkable levels in Paris’ town centre: 87.5% on a monthly average.



• Luxury hotels in Paris have suffered a bit more from a lack of upmarket clientele that is usually generated by aeronautic activity. They however tend to display a very satisfactory first semester.



• The hotel industry in Paris as a whole remained dynamic until the end of June largely due to an important amount of active business clients. The RevPAR increased by 7.8% during the first semester.

Methodology
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.