The French hotel industry keeps warm! - Hotel Industry News
Written: 18th April, 2008
After a record October (+14.3%), the first estimates for November show an increase in RevPAR of 9.6%, due to an increase both in occupancy rates (+2.3 points) and average rates (+5.9%). 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.