French Hotel Industry Performances - January 2012

2012 marks the transitional period between the new and old hotel norms. To avoid any misinterpretation, we have chosen to segment our statistics by positioning, rather than category. We have divided the market into five groups: Luxury, Upscale, Midscale, Budget and Super Budget. The characteristics of each group are presented on page 13 of this document. The economic slowdown apparent at the end of 2011 was confirmed at the start of the new year.

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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/.

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