In June, hotel performance saw a slight decline compared to last year, but the outlook is very promising for the coming months. The monthly European hotel barometer conducted by EXTENDAM and its partners observes an occupancy rate in France reaching 75%, while regions such as Provence Alpes Côte d’Azur and Normandy recorded significant increases in RevPAR.
Axelle de Rodellec, asset management manager at EXTENDAM,highlighted: “It is important to remember that June 2023 was an exceptional month in France, especially in Paris where an occupancy rate of 92%, an average price of €310, and a RevPAR of €286 were recorded, corresponding to a 35% growth compared to 2022”
At the same time, hotel real estate continues to attract investors, with an investment of nearly €1.5 billion in the first half of 2024, confirming a significant enthusiasm for this key sector.
Professionals of the industry are eager to see Paris shine under the Olympic and Paralympic spotlights, while offering memorable experiences to visitors from around the world.