Hotel Industry Performances For First Semester 2008: Solid Foundation For The French Hotel Industry | MKG Reports
With a 1.2% RevPAR increase, June shows positive growth compared to the previous year’s exceptional results. All hotel categories display excellent occupancy rate levels.
- With a 1.2% RevPAR increase, June shows positive growth compared to the previous year’s exceptional results. All hotel categories display excellent occupancy rate levels.
- Despite a slight RevPAR drop (-1.1%) for Parisian hotels, the rest of France maintained a positive momentum, increasing their revenue per available room.
- During the first semester 2008, Midscale categories recorded the largest growth. Although the trend observed for the first half of 2008 shows a slower growth compared to 2007’s outstanding results, it is still rather optimistic.
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.