Our news
Our latest news
Following a meeting of an interministerial committee led by Prime Minister Gabriel Attal, with a new investment fund of 300 million euros planned to finance sustainable tourism, Jean-Marc Palhon, Chairman of EXTENDAM, represented La Fabrique du Tourisme on the microphone of Thomas Pinaroli for France Culture’s Matins on Wednesday, May 8. A great opportunity to take stock of the industry’s health, the springboard of Paris 2024 Olympics, the digitization of hotels, and its environmental shift.
Analysis to be found on France Culture
Les Ateliers du Bocage, a cooperative with social and environmental utility, has been paving an exemplary path in the circular economy landscape for 30 years.
Through various activities, from wooden pallets to natural space maintenance, and the collection and recycling of IT equipment and second-hand books, Les Ateliers du Bocage have demonstrated that a new responsible economic model is possible.
By promoting employment and integration in the region, developing inclusive mobility solutions, and offering permanent positions to people with disabilities, Les Ateliers du Bocage embody solidarity in all its forms.
Congratulations! 🙌
EXTENDAM’s latest monthly barometer highlights the remarkable vitality of the French hotel industry. The sector has surpassed its own records, including those from the historic year 2023. With a notable increase in the occupancy rate (+2 points to 64%) and a rise in the average price (+3% to €115), RevPAR has climbed to €73, an increase of +7 points. This dynamic has been observed both in Île-de-France and regionally.
“After a relatively calm start to the year, hotel performances shone brightly in March, even surpassing the previous year’s peak figures. This is partly due to the shift of school holidays to April this year,” says Vianney Lautrous, asset management coordinator of the barometer at EXTENDAM. Although April shows a slight decline, optimism is high for the coming months, particularly with the opening of reservations for the high season.
These performances also attract investors, with nearly one billion euros already invested in the first quarter of 2024, making the French hotel sector the most performant asset class.
In summary, French hotel performances in March 2024 not only reflect the sector’s vitality but also its ability to attract both travelers and investors, promising bright prospects for the future.