French Hotel Industry Performance - March 2016
No doubt we will have to wait to see what the real trend is, but March's results were generally positive.Regional France, and the Côte d'Azur in particular, showed a good start to the year, with the Luxurysegment leading the way. Even though Paris and Ile-de-France were still recording lower performances, thedeclines are lessening. Note that for the first time in a long time, Super-budget hotels saw simultaneousgrowth in occupancy and average rates.
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About In Extenso
A member of Deloitte Touche Tohmatsu, In Extenso is an entity dedicated to small and medium-sized businesses. Almost 3 300 employees in 170 agencies in France serve 70 000 clients, including companies, firms, entrepreneurs, tradesmen and women, self-employed lawyers and doctors, associations and local authorities.
No doubt we will have to wait to see what the real trend is, but March’s results were generally positive. Regional France, and the Côte d’Azur in particular, showed a good start to the year, with the Luxury segment leading the way. Even though Paris and Ile-de-France were still recording lower performances, the declines are lessening. Note that for the first time in a long time, Super-budget hotels saw simultaneous growth in occupancy and average rates.View Document - 771 KB Markets & PerformanceEuropeFranceParis