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With a RevPAR, occupancy rate, and average price on the rise in June, the French hotel industry managed to surpass last year’s excellent performance during the same period. Traditionally one of the best months of the year, June 2023 was no exception according to the monthly barometer conducted by EXTENDAM and its partners.
Thus, France concludes the month with an occupancy rate of 79% (+2 points compared to 2022), on par with the European average. This dynamism is particularly driven by the 88% recorded in Île-de-France (+4 points).
Read the barometer results on Business Immo
While still a senior high school student, Jules Simiand Brocherie created a scholastic support website called Elèves Solidaires (Solidary Students) for high school and college students during the lockdown. The goal was to share lessons, study guides, and help each other during a time when disengagement was prevalent.
Since 2020, the website has evolved and transformed into ExtraStudent, a genuine student social network that continues to facilitate sharing of academic materials, while also offering school presentations, virtual career fairs, discussions on various topics, all aimed at helping students find answers to their questions!
A wonderful idea that fosters connections, applauded by Les Grandes Idées!
In Montpellier, the trio of EXTENDAM, Banque des Territoires, and Redman Hospitality has signed the off-plan acquisition of a 4-star hotel.
Located near the Montpellier Sud de France train station, within the Cambacérès district, this hotel comprises 120 rooms and is expected to open under the Tribe brand in the first half of 2025. As a partner of Redman Hospitality since June 2022, EXTENDAM is confident in the development of the city’s first lifestyle hotel in collaboration with a recognized partner known for its responsible approach to the hospitality industry. The future hotel’s ambition is to become an exemplary player in more sustainable hospitality by minimizing its environmental impact while enhancing its societal contribution.