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The French and European hotel industry continued to record increased RevPAR in October 2023, according to the monthly barometer conducted by EXTENDAM and its partners. October is traditionally a good month for the hotel industry, benefiting from a corporate segment present in the first half and a week of All Saints’ Day when “bleisure” destinations manage to reach full capacity, as explained by Vianney Lautrous, Asset Management Manager at EXTENDAM. With this momentum, France achieved an occupancy rate of 70% in October, showing a slight decline in activity compared to last year.
Citizen associations and cooperatives play an important role in the social acceptance of renewable energies. Many of them have been established in Paris region with the goal of promoting renewable energies in their area, organized through Energie Partagée network.
For instance, O’Watt citoyen installs solar panels on the roof of ESSEC Business School to promote individual self-consumption. This cooperative, part of Energie partagée, also explores other projects, some of which operate on a collective self-consumption model!
Following a bright summer, the hotel markets have fully stabilized with a dynamic back-to-school season marked by an increase in RevPAR and consistently strong activity levels in September.
In Paris region, the month closed with an occupancy rate of 78% compared to 80% in 2022. In regional areas, the occupancy rate stands at 75% (+1% compared to September 2022). The activity of regional metropolises is being boosted by the Rugby World Cup: Saint-Étienne sees a 7-point increase in occupancy, while Lille and Lyon have increased by 3 points compared to the previous year. In line with this trend, the European occupancy rate reaches 79%, marking a 2-point increase compared to 2022.
This barometer was conducted by EXTENDAM and its partners MKG Consulting, Groupe SNCF, D-EDGE Hospitality Solutions, E-AXESS, CDS Groupe, Flightradar24, Deutsche Bank, and BNP Paribas Real Estate.
Find the results of the European hotel industry barometer on Business Immo