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  Hospitality Industry Trends

 Sunday November 23rd, 2008 
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Sustained Activity In May For The French Hotel Industry
MKG Hospitality After 2 mitigate months in March and April, the French hotel industry ties up again with high growth rate experienced early this year. With an improving occupancy rate (+2.7 pts), price policy's efficiency (average rate increase 5.7%) leads to a growth in RevPAR of 9.8%.
Particularly, French bank holiday weekends 1st and 8th may, associated with the Pentecost, have been most favourable to the hotel industry, with an average increase in RevPAR over 20% compared to the results recorded during last year's prolonged weekend of may 2007.

The small drop in activity experienced in March and April does not impede the growth performances for the beginning of the year 2008: +7.1% at the end of May, as forecasted by MKG Hospitality earlier in the year.

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2008-06-16   Market Reports

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