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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.
The 14th edition of the Les Puces Typo festival organized by the Campus Fonderie de l’Image is coming soon! Dive into the captivating world of contemporary typography with the works of around forty exhibitors, inspiring conferences, and workshops led by experts in the field 🖌️✨
It’s also an opportunity to find unique posters and editions!
📌 Where: Campus Fonderie de l’Image, 80 rue Jules Ferry – 93170 Bagnolet
🕘 When: Saturday, May 25, from 10 am
2023 was exceptional for Énergie Partagée with a threefold increase in investments in citizen renewable energy projects compared to 2022. The pioneering movement of citizen renewable energies announced a total raise of 40 million euros, invested in 135 green energy production projects across France!
Erwan Boumard, CEO of Énergie Partagée commented: “The investment of 40 million euros since our inception marks a significant milestone in our commitment to the citizen energy transition. The financed projects meet the exemplary criteria of our label and are profitable to ensure a reasonable return. This is a collective achievement that reflects the dedication of our teams as well as the growing trust and support of our shareholders and partners”.